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ESADE BUSINESS SCHOOL June 17 - June 19 ESADE 1, FLOOR 1 ESADE 1, FLOOR -1 ESADE 1, FLOOR 2 ESADE 1, FLOOR 0 ESADE 2, FLOOR 3 ESADE 2, FLOOR 4 BARCELONA 2013 MAP BARCELONA, SPAIN Druid INNOVATION, STRATEGY AND ENTREPRENEURSHIP Competitiveness and Dynamics of Organizations, Technologies, Systems and Geography NOTE! ESADE 2 is situated on the other side of the street WI-FI: WiFi is available at the conference venues and is free of charge. ORGANIZING COMMITTEE: INDUSTRY AND INNOVATION DRUID IS ASSOCIATED WITH THE JOURNAL INDUSTRY AND INNOVATION, CURRENTLY IN ITS 20TH YEAR AND PUBLISHED 8 TIMES ANNUALLY BY ROUTLEDGE. Peter Maskell (Chair) Copenhagen Business School Esteve Almirall ESADE Business School Markus Becker Copenhagen Business School Christoph Grimpe Copenhagen Business School Industry and peting Recombinant Technologies for Environmental I&I PUBLISHES HIGH-QUALITY ORIGINAL SCHOLInnovation: Extending Arthur’s Model of Lock-In (Paolo ARSHIP ON TENDENCIES IN INDUSTRIAL DYNAMZeppini and Jeroen C. J. M. den Bergh), The Impact of ICS, such as the emergence of new industries; restrucSocial Capital on Ideation (Jennie Björk, Fausto Di Vinturing of existing industries; rise of new institutional cenzo, Mats Magnusson and Daniele Mascia), Location and organizational forms; globalization; and other Attributes and Start‐ups in Knowledge‐Intensive Busiaspects of geographical organization. Interdisciplinary ness Services (Martin Andersson and Karin Hellerstedt), in nature, I&I is informed by, and contributes in turn The performance of Gatekeepers in Innovator Networks to, advancing the theoretical frontier within econom(Holger Graf and Jens J. Krüger), ics, organization theory, and The Anatomy of the Creative City economic geography, answering Industsuch ry anas (Patrick Cohendet, David Grandadquestions d What are the Innovation am and Laurent Simon) and Market institutional underpinnings for formation in technological innodifferent organizational forms? vation systems: Diffusion of phoand How are different industrial tovoltaic applications in Germany structures and institutions re(Ulrich Dewald and Bernard Tuffer). lated to innovation patterns and Industry and I&I is edited by well-known memeconomic performance? In n o v bers of the DRUID Society: Mark Recent special issues of I&I ination Lorenzen (editor-in-chief), Jeff clude: Collaboration Networks Furman, Keld Laursen, Francesco and Knowledge Exchange in Lissoni, Ammon Salter (associate Science and Technology (edited editors), and Bram Timmermans by Mario A. Maggioni, Stefano (special issues editor). I&I has an Breschi, and Pietro Panzarasa), international editorial board of disSpace and Interorganizational tinguished scholars: Alice Amsden, Relations (edited by Mark LorSteve Casper, Jens F. Christensenzen, Indre Maurer and Udo en, Wan-wen Chu, Colin Crouch, Staber), Organizing Inter- and InKathleen Eisenhardt, Jan Fagertra-Firm Networks: What is the berg, Maryann Feldman, Richard Florida, Nicolai Foss, Impact on Innovation Performance? (edited by Massimo Martin Fransman, Elizabeth Garnsey, Meric Gertler, GerColombo, Keld Laursen, Mats Magnusson and Cristina not Grabher, Constance Helfat, Ulrich Juergens, RichRossi-Lamastra), Eco-Innovation Dynamics (Rene Kemp ard Langlois, Aija Leiponen, Bengt-Åke Lundvall, Peter and Vanessa Oltra), Innovation Networks: Measurement, Maskell, John Mathews (editor emeritus), Anita McGaPerformance and Regional Dimensions (edited by Thomhan, Ram Mudambi, Richard R. Nelson, Murali Patibandas Brenner, Uwe Cantner and Holger Graf), and Creative la, Mari Sako, Ron Sanchez, Annalee Saxenian, Michael Jobs, Industries and Places (edited by Kevin Stolarick, Storper, Tim Sturgeon, Karin Wagner, Hugh Whittaker, Charlotta Mellander and Richard Florida). and Jonathan Zeitlin. Top cited articles in I&I the last two years include: ComInnovation Contents RESEARCH Volume 13 Issue 1 Ma rch 2006 ISSN: 1366-2 716 PAPERS New Firm Grow th: Exploring Processes and Paths Elizabeth Garn sey, Erik Stam and Paul Heffe rnan The Dependen ce Local Firm Popu of Innovativeness on the lation—An Emp German Pate irical Study of nts Thomas Bren ner and Siegf ried Greif Marion Pötz Copenhagen Business School Nadine Roijakkers Hasselt University Wim Vanhaverbeke Hasselt University Networks and Rapid Technolo Novel Evidence gical Change: from the Cana Industry dian Biotech Namatié Traor é Jonathan Wareham ESADE Business School Competitivene ss and an Eme The Russian rging Sector: Software Indu stry and Its Glob Linkages al Ashok Deo Bard han and Cynth ia A. Kroll FOUNDATION S AND DEBATE Schumpeter, Business Cycl es and Co-E William Kings volution ton The Limits of Schu Esben Sloth Ande mpeter’s Business Cycl es rsen Response to Professor Ande rsen William Kings ton Volume 13 Issu Jeanette Hvarregaard, Bàrbara Segura, Gloria Mora Llonch and Bea Barba Email: [email protected] iai1301cover.in dd 1 6 e 1 March 200 DRUID SECRETARIAT: 2/15/2006 5:13:36 PM THIS CONFERENCE IS SPONSORED BY: Aalborg University University of Southern Denmark Copenhagen Business School ESADE http://manuscriptmanager.com/ii/ 1 Innovation, Strategy and Entrepreneurship TABLE OF CONTENTS SESSION GUIDELINES AND HINTS FOR PRESENTERS, DISCUSSANTS, CHAIRS, AND DEBATERS 2 PROGRAM OVERVIEW Day 1: Monday, June 17 Day 2: Tuesday, June 18 Day 3: Wednesday, June 19 6 6 7 8 PLENARY SPEAKERS 9 Welcome and Opening Statements 9 Introduction of the Steven Klepper Award for Excellence in Research by a Young Scholar 9 Keynotes10 SEMI-PLENARY SESSIONS Innovative Communities Entry versus Incumbents 12 12 13 DRUID DEBATES 14 Strategy14 Scientific Fraud 16 Systems of Innovation 18 COMPETITIVE PAPERS Parallel Sessions 1 Parallel Sessions 2 Parallel Sessions 3 Parallel Sessions 4 Parallel Sessions 5 Parallel Sessions 6 20 20 23 26 29 32 35 POSTER SESSION PRESENTATIONS 38 SOCIAL PROGRAM 40 Excursions41 Best Papers Award Ceremony and Grand Conference Dinner 41 Beach Buffet Dinner and Farewell Party AWARD NOMINEES DRUID Best Paper Award 2013 The Steven Klepper Award for Excellence in Research by a Young Scholar 42 42 46 LIST OF PARTICIPANTS 50 LIST OF REVIEWERS 58 THE DRUID SCIENTIFIC ADVISORY COMMITTEE 62 THE DRUID MANAGEMENT 66 INDUSTRY AND INNOVATION 69 2 DRUID Conference 2013 SESSION GUIDELINES FOR PRESENTERS, DISCUSSANTS, CHAIRS AND DEBATERS BASIC FORMAT OF ALL PAPER SESSIONS (PLENARY AS WELL AS PARALLEL) Each session normally includes three papers and lasts about one and a half hours. The standard time schedule looks like this: • First paper presentation by the author = 15 minutes • Second paper presentation by the author = 15 minutes • Third paper presentation by the author = 15 minutes • First discussant of all three papers = 12 minutes • Second discussant of all three papers = 12 minutes • General discussion and replies from the authors = approximately 20 minutes. Computer projectors/ beamers will be available for PowerPoint presentations. Please bring your presentation on a USB memory device. BASIC FORMAT OF ALL DRUID DEBATES The DRUID Debates aim at stimulating civilized controversy and advance the field of industrial dynamics by clarifying and developing intellectual positions in fundamental or currently heated disputes. The debates are structured to help identify common grounds and lines of division within the field, and to encourage conference participants and subsequent website viewers to take sides and become persuaded by arguments presented. Each debate confronts a motion and lasts about one and a half hour. The standard time schedule looks like this: • A brief introduction by the Moderator • A vote where the audience indicates its initial stand on the motion • First affirmative constructive: 12 minutes • First negative constructive: 12 minutes • Second affirmative constructive: 12 minutes • Second negative constructive: 12 minutes • First negative rebuttal: 3 minutes • First affirmative rebuttal: 3 minutes • Second negative rebuttal: 3 minutes • Second affirmative rebuttal: 3 minutes • Questions from the floor and answers from the panelists • A vote where the audience indicates its concluding stand on the motion Innovation, Strategy and Entrepreneurship HINTS FOR DISCUSSANTS It is the discussant that stimulates civilized controversies, which are at the core of the conference. One or more of the papers you have been asked to discuss might not be within your particular area of expertise, but do NOT start by stating this. Instead, act professionally and do your best to provide useful comments as best you can. Be clear, to the point, sharp but constructive, acknowledge significant contributions but focus on aspects where improvements can or must be made. Aim at providing that the author(s) with something useful to bring home. Enlighten, when possible, the audience with some new insight or reflection. Your comments should be given in judicious language. Disclose any financial or other interest you might have in the subject matter of the papers. Let the Conference Organizers know immediately if you become suspicious of any possible fabrication of data, plagiarism or other kinds of scientific fraud relating to the papers you are asked to discuss. In order that everyone has sufficient time to speak it is important that you exercise discipline, particularly time management. The following notes are intended to inform you of how each session will be organized. • Please arrive at the appropriate room five minutes before the session is due to start. All rooms are equipped with black out facilities and a Power Point projector. Please note that if you have prepared some points on a PowerPoint slide you must arrive with your presentation on a USB memory device and load it yourself onto the machine provided in the room before the start of the session. It might even be a good idea to do so well in advance as not all versions of PowerPoint function equally well on all projectors. Solicit advice at the info desk or through a student assistant if experiencing trouble. • Introduce yourself to the presenters, co-discussant and the chair. Give the chair your biographical details for use in introducing you. Ideally to assist the chair these should be in writing. One or two lines would suffice. • The chair will tell you at the beginning of the session how long your comments should last. This will inevitably vary between sessions depending on the number of papers to be presented. In a one and a half hour session with three papers you should aim to speak for no more than 12 minutes leaving time for your replies and for the floor. • We have asked session chairs to be very strict in terms of time management so that each discussant has an equal amount of time. By abiding to the simple rules your contribution will help support what we hope will be a productive, stimulating and enjoyable conference. HINTS FOR SESSION CHAIRS This note is intended to provide guidance on managing the session for which you are responsible but inevitably the Chair will have to show some degree of flexibility. In essence your role will be to introduce the presenter and allocated discussants; control the length of time that they speak for and manage any questions from the floor. In most sessions three papers will be presented. Please notify the Conference Organizers immediately if you become suspicious of any possible fabrication of data or plagiarism relating to the papers in your session. We believe that it is important to establish some ground rules that everybody understands and works towards during the conference: • Please arrive in the room where the session is to take place at least five minutes before the appointed time. If using PowerPoint the presenters have been asked to upload their presentation on the PC before the start of the session to save time. Solicit advice at the info desk or through student assistants if experiencing trouble. • Introduce yourself to the presenters. Ask them for biographical details to use in introducing them. Make sure that their presentation has been uploaded. Inform them of the maximum time they will have to present their 3 4 DRUID Conference 2013 paper. For example, in a one and a half hour session with three papers, each presenter should have 15 minutes and the two discussants should be allocated 12 minutes each. It is important that participants are given the chance to ask additional questions from the floor. • For each paper introduce the author and title of the paper. • A series of cards to help the presenter or discussants to manage the time will be available to you in each workshop room. - The first card you pass indicates that the presenter or discussant has a maximum of five minutes left. - The second card indicates that there are two minutes left. - The third and final RED card indicates that their time is over and the presenter or discussant must STOP. In issuing the red card you must be polite but firm. It is to be fair to other presenters or discussants in the session and to the audience who will wish to contribute in the discussion time. • In managing the questions and answers part of each session please ask those asking questions to identify themselves and to keep their comments as short as possible to allow time for the presenters to respond in full. You may decide how to organize this element of the session, i.e. after each paper or after all the papers have been presented. • Please ensure that the session finishes on time. With the number of papers to be presented this is going to be a busy event. Sessions that over run have implications for other sessions or events later in the day. Finally, thank you for chairing and helping to make the conference as successful as we hope it will be. HINTS FOR PAPER PRESENTERS Each participant will only be allowed to present one paper during the conference. Co-authored papers may be presented by any of the participating coauthors. The basic format of all PAPER SESSIONS (plenary as well as parallel) is as follows. Each session normally include three papers and lasts about one and a half hours. The standard time schedule looks like this: •• First paper presentation by the author = 15 minutes •• Second paper presentation by the author = 15 minutes •• Third paper presentation by the author = 15 minutes •• First discussant of all three papers = 12 minutes •• Second discussant of all three papers = 12 minutes •• General discussion and replies from the authors = approximately 20 minutes. Projectors will be available for PowerPoint presentations. Please bring your presentation on a USB memory device. With a conference of this size we ask you to remember some basic rules when making your presentation. In order that everyone has sufficient time to speak it is important that you exercise discipline, particularly time management. These notes are intended to inform you of how each session will be organized. •• Please arrive at the appropriate room five minutes before the session is due to start. All rooms are equipped with black out facilities and a projector for Power Point presentations. Please note that if choosing PowerPoint you must arrive with your presentation on a USB memory device and load it yourself onto the machine provided in the room BEFORE the start of the session. It might be a good idea to do so well in advance as not all versions of PowerPoint function equally well on all projectors. Solicit advice at the info desk or through student assistants if experiencing trouble. Innovation, Strategy and Entrepreneurship •• Introduce yourself to the other presenters and the chair. Give the chair your biographical details for use in introducing you. Ideally to assist the chair these should be in writing. •• Present your paper in judicious language. Disclose any financial or other interest you might have in the subject matter of the papers. Acknowledge contributions of co-authors. Structure your presentation so that you have time for your findings and their possible implications (when relevant). Avoid or explain uncommon abbreviations or terms. •• The chair will tell you at the beginning of the session how long your presentation can last. This will inevitably vary between sessions depending on the number of papers to be presented. In a one and a half hour session with three papers you should aim to speak for no more than 15 minutes leaving time for your discussants and for the floor. •• We have asked session chairs to be very strict in terms of time management so that each presenter has an equal amount of time. •• During your presentation the session chair will pass you three cards indicating that your time allocation is coming to an end. - Five minutes presentation time remaining. - Two minutes presentation time remaining. - If you are shown the RED card this means your time is over. Finish your sentence and STOP your presentation. Chairs have been asked to be polite but firm in allocating time. - If you are shown the RED card this means your time is over. Finish your sentence and STOP your presentation. Chairs have been asked to be polite but firm in allocating time. GUIDELINES FOR POSTER PRESENTERS Poster presenters will prepare a display of their work. Surface area of 180 cm tall x 92 cm wide to fit two sheets each of 841 mm x 841 mm. Poster presenters must be available for presenting their work and answering questions during the poster sessions. The poster sessions are listed on pages 38-39. Ideally a poster will provide information on: •• Title of the paper •• Name and contact information for the author(s) •• Research question/aim of the paper •• Presentation of the theoretical framing •• Presentation of data (if empirical paper) •• Presentation of main findings, including possible theoretical and policy implications •• A list of main references •• The use of graphics and colors is encouraged •• Type-fonts similar to slide presentations should be used to enhance readability (a poster is not just a copy of the paper). A poster must grab the viewer’s attention and quickly communicate its ideas and relevance. Keep in mind that people are standing at some distance, thus large fonts will draw attention. Hard copies of the paper should be available for interested colleagues. Boards to fasten the poster to will be available in the poster area. 5 6 DRUID Conference 2013 Monday, June 17, 2013 Monday 17, 08:30-09:00 Registration, Coffee Monday 17, 09:00-09:20 Welcome and Opening Statement by PETER MASKELL , Director of DRUID and JONATHAN WAREHAM, Vice Dean, ESADE Monday 17, 09:20-09:30 Introduction of the STEVEN KLEPPER Award for Excellence in Research by a Young Scholar Monday 17, 09:30-10:30 by ANITA MCGAHAN and members of DRUID’s Scientific Advisory Committee Keynote by WESLEY M. COHEN: “Reflections on Fifty Years of Empirical Studies of the Economics of Innovative Activity and Performance” Chair: GUIDO BUENSTORF Monday 17, 10:30-11:00 Coffee Break (Foyer Platea and Garden) Monday 17, 11:00-12:30 Semi-Plenary Paper Session 1 Chair: JESPER LINDGAARD CHRISTENSEN INNOVATIVE COMMUNITIES ENTRY VERSUS INCUMBENTS HENRY SAUERMANN, CHIARA FRANZONI: “Crowd Science: The Organization of Scientific Research in Open Collaborative Projects” AJAY BHASKARABHATLA, CHIRANTAN CHATTERJEE: “How Do Incumbents Respond to Bottom-of-the-Pyramid Firm Entry?” MILAN MIRIC: “Keeping the App Economy Booming: A study of Competition, Innovation and Signaling Among App Developers in the Jailbreak Community” BILGEHAN UZUNCA, BRUNO CASSIMAN: “Entry Diversion and Submarket Industry Evolution: Dominance of Incumbents, Disruption, or Isolation?” VICTOR SEIDEL, BENEDIKT LANGNER: “Sustaining the flow of external ideas: Community management practices and social identity in firm-hosted online communities” TAMMY MADSEN, GORDON WALKER: “Persistent Advantage, Cohorts, and Industry Evolution” Discussant: FRANCESCO RULLANI Monday 17, 12:30-13:30 Semi-Plenary Paper Session 2 Chair: BRAM TIMMERMANS Discussant: BRIAN SILVERMAN Buffet Lunch (included in conference fee) Foyer Platea and Garden DRUID Debate 1 on Strategy Moderator: MICHAEL S. DAHL Monday 17, 13:30-15:00 Motion: “ Let it be resolved that this conference believes that analyses based on conventional measures of financial performance lead to poor strategic decisions about innovative projects” Speaking for the motion: SID WINTER and BRUCE KOGUT Speaking against the motion: ANITA MCGAHAN and REBECCA HENDERSON Monday 17, 15:00-15:30 Coffee Break (Foyer Platea and Garden) Monday 17, 15:30-17:00 Parallel Paper Sessions 1 Monday 17, 17:00-17:30 Coffee Break (Foyer Platea and Garden) Monday 17, 17:30-19:00 Parallel Paper Sessions 2 Monday 17, 19:00-20:00 Drinks and Socializing (Foyer Platea and Graden) Dinner to be self-organized in town. Local participants will advise on hotspots Parallel Paper Sessions 1 Parallel Paper Sessions 2 Parallel Paper Sessions 1 Parallel Paper Sessions 1 Parallel Paper Sessions 2 Parallel Paper Sessions 2 7 Innovation, Strategy and Entrepreneurship Tuesday, June 18, 2013 Tuesday 18, 09:00 -10:30 Parallel Paper Sessions 3 Tuesday 18, 10:30 -11:00 Coffee Break (Foyer Platea and Garden) Tuesday 18, 11:00 -12:00 Parallel Paper Sessions 3 Parallel Paper Sessions 3 Parallel Paper Sessions 3 Keynote by MARY BENNER: “Exploration, exploitation, and analysts: Are firms rewarded for ambidexterity?” Chair: MARK LORENZEN Tuesday 18, 12:00 -13:00 Buffet Lunch (included in conference fee) Foyer Platea and Garden Tuesday 18, 13:00-14:30 DRUID Debate 2 on SCIENTIFIC FRAUD Moderator: KELD LAURSEN Motion: “Let it be resolved that this conference believes that the academic system is effective at self-policing, so that fraud and other research misconduct is kept to a minimum and research integrity is maintained” Speaking for the motion: JULIA I. LANE and JEFF FURMAN Speaking against the motion: DIETMAR HARHOFF and BEN MARTIN Tuesday 18, 14:30-15:00 Coffee Break and Poster Session I Tuesday 18, 15:00 -16:30 Parallel Paper Sessions 4 Tuesday 18, 16:30-17:00 Coffee Break and Poster Session II Tuesday 18, 17:00 -19:00 Excursions (see website under ‘practical info’). Tuesday 18, 20:00 - 22:30 Foyer Platea and Garden Parallel Paper Sessions 4 Parallel Paper Sessions 4 Parallel Paper Sessions 4 Foyer Platea and Garden Prior registration required on the conference website BEST PAPERS AWARD CEREMONY and GRAND CONFERENCE DINNER at Casa LLOTJA de MAR , www.casallotja.com/ (included in conference fee). Dress Code: Nice, informal. 8 DRUID Conference 2013 Wednesday, June 19, 2013 Wednesday 19, 09:00-10:30 Parallel Paper Sessions 5 Parallel Paper Sessions 5 Parallel Paper Sessions 5 Parallel Paper Sessions 5 Wednesday 19, 10:30-11:00 Coffee Break (Foyer Platea and Garden) Wednesday 19, 11:00-12:00 Keynote by DIANE BURTON: “Entrepreneurship and Employment: Job Creation, Job Quality and Career Trajectories” Chair: CHRISTIAN ØSTERGAARD Wednesday 19, 12:00-13:00 Buffet Lunch (included in conference fee) Foyer Platea and Garden Wednesday 19, 13:00-14:30 DRUID Debate 3 on SYSTEMS OF INNOVATION Moderator: METTE P. KNUDSEN Motion: “Let it be resolved that this conference believes that the systems of innovation approach is no longer a promising line of research” Speaking for the motion: MARYANN FELDMAN and AMMON SALTER Speaking against the motion: DAN BREZNITZ and MARTIN KENNEY Wednesday 19, 14:30-15:00 Coffee Break (Foyer Platea and Garden) Wednesday 19, 15:00-16:30 Parallel Paper Sessions 6 Wednesday 19, 16:30-16:45 CLOSING OF THE CONFERENCE (ESADEFORUM) Summing up; comments and suggestions from the floor; words of farewell. Wednesday 19, 20:00-24:00 Parallel Paper Sessions 6 Parallel Paper Sessions 6 Fabulous BEACH BUFFET DINNER and FAREWELL PARTY Prior registration required through the conference website. Do not miss Parallel Paper Sessions 6 Innovation, Strategy and Entrepreneurship WELCOME AND OPENING STATEMENTS Monday, June 17, 09:00-09:20, Room: ESADEFORUM PETER MASKELL DIRECTOR OF DRUID Peter Maskell is professor at Copenhagen Business School and Director of DRUID. He is member of Academia Europea and former chairman of the Danish Social Science Research Council. He has published several books and numerous papers within economic geography, innovation and strategy. He has an extensive record as governmental policy advisor and as chair of the board of Scandinavian corporations. JONATHAN WAREHAM Jonathan Wareham is Professor of Information Systems at ESADE-Ramon Llull University. Dr Wareham’s research has been published, or is forthcoming, in over 80 refereed journals and proceedings such as MIS Quarterly, Decision Sciences, Decision Support Systems, IEEE Transactions on Engineering Management, IEEE Computer, Journal of Medical Internet Research, Journal of the American Society for Information Science and Technology, International Journal of Medical Informatics and numerous others. He has held, or currently holds, editorial positions with Information Systems Research, Journal of Information Technology, Journal of the Association for Information Systems, Information & Organization and is the General Conference Chair of the 20th European Conference on Information Systems - ECIS 2012. He currently serves as Vice-Dean of Research at ESADE and is Director of the ESADE Institute for Innovation and Knowledge Management. In addition, he sits on the advisory boards for a number of academic institutions, NGOs and social entrepreneurs. INTRODUCTION OF THE STEVEN KLEPPER AWARD FOR EXCELLENCE IN RESEARCH BY A YOUNG SCHOLAR Monday, June 17, 09:20-09:30, Room: ESADEFORUM By ANITA MCGAHAN and MEMBERS OF DRUID’S SCIENTIFIC ADVISORY COMMITTEE 9 10 DRUID Conference 2013 KEYNOTE Monday, June 17, 09.30-10:30, Room: ESADEFORUM “REFLECTIONS ON FIFTY YEARS OF EMPIRICAL STUDIES OF THE ECONOMICS OF INNOVATIVE ACTIVITY AND PERFORMANCE” WESLEY M. COHEN Wesley M. Cohen is Professor of Economics and Management at Duke University. After a year as Research Fellow in Industrial Organization at the Harvard Business School and twenty years teaching in Carnegie Mellon University’s Department of Social and Decision Sciences, Wesley Cohen (Ph.D., Economics, Yale University, 1981) joined the faculty of the Fuqua School of Business, Duke University, as Professor of Economics and Management in September 2002 and was named the Frederick C. Joerg Distinguished Professor of Business Administration in April, 2004. He also holds secondary appointments in Duke’s Department of Economics and School of Law, and is a Research Associate of the National Bureau of Economic Research. Professor Cohen also serves as the Faculty Director of the Fuqua School’s Center for Entrepreneurship and Innovation. KEYNOTE Tuesday, June 18, 11:00-12:00, Room: ESADEFORUM “EXPLORATION, EXPLOITATION, AND ANALYSTS: ARE FIRMS REWARDED FOR AMBIDEXTERITY?” MARY BENNER Mary Benner is an associate professor in the University of Minnesota’s Carlson School of Management. Her research at the intersection of organization theory and strategic management explores how firms innovate and adapt to technological change. She has studied the effects of systematic process management practices such as ISO 9000 and Six Sigma on firms’ innovation and responses to new technologies, and is currently examining the influence of financial markets and securities analysts in how established firms adapt to technological change. Her work has been published in leading journals, including the Academy of Management Journal, Academy of Management Review, Administrative Science Quarterly, Organization Science, and the Strategic Management Journal. She is an Associate Editor at Administrative Science Quarterly. She holds a PhD in management from Columbia University, an MBA from Stanford’s Graduate School of Business, and a BS in economics from the University of Minnesota. Innovation, Strategy and Entrepreneurship KEYNOTE Wednesday, June 19, 11:00-12:00, Room: ESADEFORUM “ENTREPRENEURSHIP AND EMPLOYMENT: JOB CREATION, JOB QUALITY AND CAREER TRAJECTORIES” DIANE BURTON M. Diane Burton is faculty member in the School of Industrial and Labor Relations at Cornell University. She earned her Ph.D. in sociology at Stanford University. Professor Burton studies employment relations and organizational change in entrepreneurial companies. Her work has been published in the American Sociological Review, the American Journal of Sociology, and Organization Science. Prior to joining the Cornell faculty in 2009, she was on the faculty of the MIT Sloan School of Management. Professor Burton began her academic career at the Harvard Business School teaching leadership and organizational behavior. Professor Burton is a senior editor at Organization Science and a past associate editor of Management Science. She serves on the editorial boards of Administrative Science Quarterly, Journal of Business Venturing, and Strategic Entrepreneurship Journal. A native of Pittsburgh Pennsylvania, Professor Burton earned an undergraduate degree at Carnegie Mellon University, and an M.Ed. from Harvard University Graduate School of Education 11 12 Monday, June 17, 11:00-12:30 SEMI-PLENARY SESSION 1 Monday, June 17, 11:00-12:30, Room: EF - Platea 1 (Basement), Chair: Bram Timmermans, Discussants: Francesco Rullani INNOVATIVE COMMUNITIES “CROWD SCIENCE: THE ORGANIZATION OF SCIENTIFIC RESEARCH IN OPEN COLLABORATIVE PROJECTS” HENRY SAUERMANN CHIARA FRANZONI “KEEPING THE APP ECONOMY BOOMING: A STUDY OF COMPETITION, INNOVATION AND SIGNALING AMONG APP DEVELOPERS IN THE JAILBREAK COMMUNITY” MILAN MIRIC “SUSTAINING THE FLOW OF EXTERNAL IDEAS: COMMUNITY MANAGEMENT PRACTICES AND SOCIAL IDENTITY IN FIRM-HOSTED ONLINE COMMUNITIES” VICTOR SEIDEL BENEDIKT LANGNER Monday, June 17, 11:00-12:30 SEMI-PLENARY SESSION 2 Monday, June 17, 11:00-12:30, Room: 013 (ESADE 1, First floor), Chair: Jesper Lindgaard Christensen, Discussant: Brian Silverman ENTRY VERSUS INCUMBENT “HOW DO INCUMBENTS RESPOND TO BOTTOM-OF-THE-PYRAMID FIRM ENTRY?” AJAY BHASKARABHATLA CHIRANTAN CHATTERJEE “ENTRY DIVERSION AND SUBMARKET INDUSTRY EVOLUTION: DOMINANCE OF INCUMBENTS, DISRUPTION, OR ISOLATION?” BILGEHAN UZUNCA BRUNO CASSIMAN “PERSISTENT ADVANTAGE, COHORTS, AND INDUSTRY EVOLUTION” TAMMY MADSEN GORDON WALKER 13 14 14 Monday, June 17, 13:30-15:00 DRUID DEBATE ON STRATEGY Monday, June 17, 13:30-15:00, Room: ESADEFORUM MOTION: “LET IT BE RESOLVED THAT THIS CONFERENCE BELIEVES THAT ANALYSES BASED ON CONVENTIONAL MEASURES OF FINANCIAL PERFORMANCE LEAD TO POOR STRATEGIC DECISIONS ABOUT INNOVATIVE PROJECTS” SPEAKING FOR THE MOTION: SID WINTER Sidney G. Winter is the Deloitte and Touche Professor of Management, Emeritus, at The Wharton School of the University of Pennsylvania. He is the author of An Evolutionary Theory of Economic Change (1982, with Richard Nelson), and of many articles in scholarly journals and symposia. He is an elected fellow of the American Association for the Advancement of Science, the Econometric Society and the Strategic Management Society. His recent research focus has been on the study of management problems from the viewpoint of evolutionary economics. BRUCE KOGUT Bruce Kogut is the Sanford C. Bernstein & Co. Professor and director of the Sanford C. Bernstein Center for Leadership and Ethics at Columbia Business School. He is the founder of the social entrepreneurship program at INSEAD and codirected the Ariane de Rothschild Fellows Program at Columbia for dialogue among Jewish and Muslim communities. MIT Press published in 2012 his edited book on computational governance, The Small Worlds of Corporate Governance. He is currently writing on finance for the poor (in cooperation with IFMR in Chennai) as well as on executive pay and inequality and the transmission of productivity. In his capacity as Director of the Bernstein Center, he has organized a series of conferences and short publications on the financial crisis, executive compensation in finance (joint with the New York Federal Reserve Board and supported by the Friedrich Ebert Foundation), diversity at the top, and women and wages, available at Bernstein Center along with the governance data sets. Mr. Kogut is a member of the board of a start-up and listed Indian IT company, and has been or is on the boards of non-profits in France and India, business schools in Russia, France, and India, and research institutes in the UK (AIM), Brussels (EIASM), and Singapore (NUS). He co-chaired the innovation public group for the 2008 Obama campaign. In the past years, he has appeared on CNBC, BBC, World Focus, PBS, ABC News, and John Stewart Show, and has published editorials in Forbes.com, Financial Times, Les Echos, Le Figaro, and other newspapers and journals. With the Fred Friendly Seminars, Bruce Kogut and Sandra Navalli produced a film on financial innovation and the crisis, shown on American TV this past spring and available for viewing at Bernstein Center Film. He is married to Monika Knutsson, a designer, and they have two children, Emelie and Erik. He is for 2012-2013 a Fellow at the Wissenschaftskolleg in Berlin. 15 Monday, June 17, 13:30-15:00 SPEAKING AGAINST THE MOTION: ANITA MCGAHAN Anita M. McGahan is Associate Dean for Research, Director of the PhD Program, and Professor of Strategic Management at the Rotman School of Management at the University of Toronto. McGahan is also a Senior Associate at the Institute for Strategy and Competitiveness at Harvard University, the Chief Economist at the Massachusetts General Hospital’s Division for Global Heath and Human Rights, and a past president of the Academy of Management’s Business Policy & Strategy Division. Anita M. McGahan furthermore chairs DRUID’s Scientific Advisory Committee. REBECCA HENDERSON John and Natty McArthur University Professor, Harvard University E-mail: [email protected] Rebecca Henderson is one of 24 University Professors at Harvard and a research fellow at the National Bureau of Economic Research. She is also faculty co-director of HBS’s Initiative for Business and the Environment. Her research focuses on the economics of R&D, technology strategy, and the difficulties large organizations encounter in attempting to innovate and change, particularly in response to the challenge of sustainability. She has worked in a wide variety of industries including pharmaceuticals, information technology, materials and consumer goods. Her current work focuses on the role of “relational contracts” in sustaining superior performance. Her recent publications include Accelerating Energy Innovation: Insights from Other Sectors, University of Chicago Press and, with Robert Gibbons What Do Managers Do? Exploring Persistent Performance Differences among Seemingly Similar Enterprises. Professor Henderson sits on the boards of Amgen, Inc and of Idexx Laboratories. She and has been the recipient on a number of several academic prizes and awards, including the Dan & Mary Lou Schendel Best Paper Prize and the ASQ Award for Scholarly Contribution. In 2011 she was invited by Oxford University to present the Clarendon Lectures in Management. 16 Tuesday, June 18, 13:00-14:30 DRUID DEBATE ON SCIENTIFIC FRAUD Tuesday, June 18, 13:00-14:30, Room: ESADEFORUM MOTION: “LET IT BE RESOLVED THAT THIS CONFERENCE BELIEVES THAT THE ACADEMIC SYSTEM IS EFFECTIVE AT SELF-POLICING, SO THAT FRAUD AND OTHER RESEARCH MISCONDUCT IS KEPT TO A MINIMUM AND RESEARCH INTEGRITY IS MAINTAINED” SPEAKING FOR THE MOTION: JULIA I. LANE Julia is a Senior Managing Economist at the American Institutes for Research, a Professor of Economics, BETA University of Strasbourg CNRS, Chercheur, Observatoire des Sciences et des Techniques, Paris and Professor, Melbourne Institute of Applied Economics and Social Research, University of Melbourne. She was formerly Director of the National Science Foundation’s Science of Science and Innovation Policy program, Senior Vice President at NORC at the University of Chicago and Senior Research Fellow at the US Census Bureau. She has authored over 70 refereed articles and edited or authored seven books. She has been working with a number of national governments to document the results of their science investments. Her work has been featured in Science and Nature, and she has testified on the topic to both the US Congress and the European Parliament. She is a coeditor, with the late Jack Marburger, of the Handbook of Science of Science Policy. JEFF FURMAN Jeffrey L. Furman (Ph.D. 2001, MIT-Sloan) is Associate Professor of Strategy & Innovation at Boston University and a Faculty Research Fellow at the National Bureau of Economic Research (NBER). Furman’s research addresses issues at the intersection of Strategy, International Business, and Innovation. His recent projects examine the strategic management of science-based firms and the impact of institutions on cumulative innovation. Jeff’s research has been published in the American Economic Review (AER), Journal of Economic Behavior and Organization (JEBO), Research Policy, Industrial & Corporate Change (ICC), and Nature, among others. He has also served on the editorial review boards of the Journal of International Business Studies (JIBS), Strategic Organization! (SO!), Journal of Management, and Industry & Innovation. Jeff has been an active member of the Academy throughout the 2000s and has served as reviewer, presenter, discussant, and session chair at AOM annual meetings and has organized multiple Professional Development Workshops and served as a member and co-chair of the BPS Division Research & Teaching Committee. In addition to his contributions to the AOM, Furman co-organizes the NBER’s Summer Institute program on Innovation Policy & the Economy. 17 Tuesday, June 18, 13:00-14:30 SPEAKING AGAINST THE MOTION: DIETMAR HARHOFF Dietmar Harhoff is Director at the Max Planck Institute for Intellectual Property and Competition Law where he heads the Munich Center for Innovation and Entrepreneurship Research (MCIER). From 1998 to February of 2013 he was the Director of the Institute for Innovation Research, Technology Management and Entrepreneurship (INNO-tec) at Ludwig-Maximilians-Universität (LMU) München where he continues to hold a professorship. Dietmar Harhoff received graduate degrees in Mechanical Engineering and Public Administration (Harvard University) and a Ph.D. degree of the Massachusetts Institute of Technology (MIT). He is the Chairman of the Expert Commission on Research and Innovation (EFI) which advises the German government on its innovation policies. He is also a member of the Economic Advisory Group of the European Commission and the Chairman of The EPO´s Economic and Scientific Advisory Board (ESAB). His research focuses on innovation, entrepreneurship, intellectual property, industrial economics and economic policy. BEN MARTIN Ben Martin is Professor of Science and Technology Policy Studies at SPRU, where he served as Director from 1997 to 2004. He is also an Associate Fellow at the Centre for Science and Policy (CSaP), and a Senior Visiting Fellow at the Centre for Business Research, Judge Business School, both at the University of Cambridge. He has carried out research for over 30 years in the field of science policy. He helped to establish techniques for evaluating scientific laboratories, research programmes and national scientific performance. He also pioneered the notion of ‘technology foresight’. More recently, he has carried out research on the benefits from government funding of basic research, the changing nature and role of the university, the impact of the Research Assessment Exercise, and the evolution of the field of science policy and innovation studies. He has published seven books, eight monographs and official government reports, and over 60 journal articles. He is Editor ofResearch Policy, and the 1997 winner of the de Solla Price Medal for Science Studies. 18 Wednesday, June 19, 13:00-14:30 DRUID DEBATE ON SYSTEMS OF INNOVATION Wednesday, June 19, 13:00-14:30, Room: ESADEFORUM MOTION: “LET IT BE RESOLVED THAT THIS CONFERENCE BELIEVES THAT THE SYSTEMS OF INNOVATION APPROACH IS NO LONGER A PROMISING LINE OF RESEARCH” SPEAKING FOR THE MOTION: MARYANN FELDMAN Maryann Feldman is the S.K. Heninger Distinguished Chair in Public Policy at the University of North Carolina, Chapel Hill. Her research and teaching interests focus on the areas of innovation, the commercialization of academic research and the factors that promote technological change and economic growth. A large part of Dr. Feldman’s work concerns the geography of innovation – investigating the reasons why innovation clusters spatially and the mechanisms that support and create industrial agglomerations of innovation. Her current work examines the logic of economic development and the use of innovative data sources to understand regional economic dynamics. She is studying the industrial genesis of the Research Triangle Region to understand how the economy developed and the role played by public policy. AMMON SALTER Ammon Salter is a Professor in Technology and Innovation Management in the Innovation and Entrepreneurship Group at Imperial College London. He is also the research director of the UK Innovation Research Centre and an associate editor of Industry and Innovation. His current research focuses on the sources of innovation, university-industry collaboration, and social networks and innovation. Wednesday, June 19, 13:00-14:30 SPEAKING AGAINST THE MOTION: DAN BREZNITZ Breznitz’s work is comparative research of Rapid-Innovation-Based Industries, their globalization, and localized societal outcome. His first book, Innovation and the State: Political Choice and Strategies for Growth in Israel, Taiwan, and Ireland, won the 2008 Don K. Price for best book on S&T given by APSA and was a finalist for the 2007 award of ForeWord Magazine. His second book, The Run of the Red Queen: Government, Innovation, Globalization, and Economic Growth in China (co-authored with Michael Murphree) was selected as the Susan Strange Book of 2012 by the BSIA and has been featured by the New York Times, The Economist, and Science among others. His most recent book (with John Zysman) The Third Globalization: Can Wealthy Nations Stay Rich?, published by Oxford University Press, looks at the challenges and opportunities faced by Western economies in the aftermath of the financial crisis and the rapid changes in the global production system. He is serving as Peter J. Munk Professor of Innovation Studies and the co-director of the Innovation Policy Lab at the University of Toronto Munk School of Global Affairs. MARTIN KENNEY Martin Kenney is a Professor at the University of California, Davis and a Senior Project Director at the Berkeley Roundtable on the International Economy. He has published five books and over 120 scholarly articles on university-industry technology transfer, venture capital, new industry formation, and technology-enabled globalization. His two recent edited books Understanding Silicon Valley and Locating Global Advantage were published by Stanford University Press where he is the editor of a book series in innovation and globalization. He has been a visiting scholar at the Cambridge University; Copenhagen Business School; Hitotsubashi University; Kobe University; Stanford University, and Tokyo University. In 2012 he was appointed as a Senior Advisor at the Economic Insitute of Finnish Economy. His research has been supported by the NSF, Sloan Foundation, Matsushita International Foundation, and the Kauffman Foundation. He is an editor for Research Policy. 19 20 Monday, June 17, 15:30-17:00 PARALLEL PAPER SESSIONS 1 1 CLUSTER DRIVERS Monday, June 17, 15:30-17:00, Room: 020 (ESADE 1, Second floor), Chair: Aleksios Gotsopoulos 11 SUSANNE HINZMANN, HOLGER GRAF, UWE CANTNER “Policy induced innovation networks: the case of the German “Leading-Edge Cluster competition”” MICHAELA FUCHS, OLIVER LUDEWIG “How important are agglomeration effects for plant performance? Empirical evidence for Germany” FRANK NEFFKE, ANNE OTTO, RICARDO HAUSMANN “The workforce of pioneer plants” Discussants: Andrés Barge-Gil, Annalisa Caloffi 2 LEARNING Monday, June 17, 15:30-17:00, Room: 023 (ESADE 1, Second floor), Chair: Andreas Mattig 21 PIER VITTORIO MANNUCCI, KEVYN YONG, MICHEL LANDER “Novelty x Usefulness: Actor-level Effects and Cultural Influences on Creativity in Organizations” DUTT DEV HARSHA TADIKONDA, KANNAN SRIKANTH, ANAND NANDKUMAR “Impact of experience heterogeneity on individual learning curves” IPSITA ROY, WOLFGANG GERSTLBERGER, UWE CANTNER “Works Councils, Training Activities and Innovation: A Study of German Firms” Discussants: Daniel Snow, Davide Consoli 3 COORDINATION AND PERFORMANCE Monday, June 17, 15:30-17:00, Room: 403 (ESADE2 - 4th floor), Chair: Cher Li 34 OLIVER BAUMANN, JP EGGERS, NILS STIEGLITZ “Competition, Cooperation, and Search: Incentives and the Competition for Research Resources in Multidivisional Firms” APRIL FRANCO, ANDREAS BLUME, PAUL HEIDHUES “Dynamic Coordination via Organizational Routines” MAGDALENA DOBRAJSKA, STEPHAN BILLINGER, SAMINA KARIM “Decentralization of Decision Authority in Complex Task Structures” Discussants: Jörg Claussen, Martin Goossen 4 OPEN INNOVATION I Monday, June 17, 15:30-17:00, Room: 013 (ESADE 1, First floor), Chair: Christian Berggren 41 ARJAN MARKUS, SOLON MOREIRA “All for One and One for All: How Intrafirm Networks Affect the Speed of Knowledge Recombination” WIM VANHAVERBEKE, HENRY LOPEZ VEGA, JINGSHU DU “Does open innovation speed up R&D projects? Empirical evidence from a Multinational Enterprise” ANDREA MINA, ELIF BASCAVUSOGLU-MOREAU, ALAN HUGHES “Exploiting Knowledge Flows: Openness and the innovative performance of business services” Discussants: Margaret Dalziel, Beth Webster Monday, June 17, 15:30-17:00 5 CAPITAL AND NEW FIRM FORMATION Monday, June 17, 15:30-17:00, Room: 015 (ESADE 1, First floor), Chair: Julie Delanote 51 CHRISTOS KOLYMPIRIS, NICHOLAS KALAITZANDONAKES, DOUGLAS MILLER “Public Funds and Local Biotechnology Firm Creation” DEEPA MANI “Greenfield Investments Versus Acquisitions: Capital Market Drivers of R&D Organization in Technology-Intensive Industries” SAMPSA SAMILA, OLAV SORENSON “Community and Capital in Entrepreneurship” Discussants: Bram Timmermans, Luca Grilli 6 IMITATION Monday, June 17, 15:30-17:00, Room: 024 (ESADE 1, Second floor), Chair: Einar Rasmussen 61 YULIYA SNIHUR, CHRISTOPH ZOTT “Legitimacy without Imitation: How to Achieve Robust Business Model Innovation” DMITRY SHARAPOV, JAN-MICHAEL ROSS “When the leader follows: performance consequences of leaderfollower imitation under environmental uncertainty” KENNY CHING “Playing Copy the Leader? Business Models and Entrepreneurial Strategy” Discussants: Karin Hoisl, Victor Seidel 7 ECO-INNOVATIONS I Monday, June 17, 15:30-17:00, Room: 302 (ESADE 2, other side of street, third floor), Chair: Alexander van der Vooren 71 LORENZO ARDITO, ANTONIO MESSENI PETRUZZELLI, VITO ALBINO, ROSA MARIA DANGELICO “Understanding Eco-Innovation Evolution: A Patent Analysis in the Energy Field” JENS HORBACH “Do eco-innovations need specific regional characteristics?” ANN-KATHRIN BLANKENBERG, ULRICH DEWALD “Public Policy and Industry Dynamics: The Evolution of the Photovoltaic Industry in Germany” Discussants: Rudi Bekkers, Giovanni Marin 8 FIRST MOVER ADVANTAGES Monday, June 17, 15:30-17:00, Room: 026 (ESADE 1, Second floor), Chair: Sorin Krammer 86 SERGIO PALOMAS, JAIME GÓMEZ “An analysis of the returns to early adoption of externally sourced technologies” RONALD KLINGEBIEL, JOHN JOSEPH “Innovation Portfolio Strategy and Technology Entry Timing in the Mobile Handset Industry” Discussants: Isabel Maria Bodas Freitas, Mercedes Teruel Carrizosa 9 INCUMBENT INNOVATION Monday, June 17, 15:30-17:00, Room: 021 (ESADE 1, Second floor), Chair: Siw Fosstenløkken 91 GABRIELE PELLEGRINO, MARIACRISTINA PIVA “Do innovative inputs lead to different innovative outputs in mature and young firms?” TERENCE FAN, ALEX TAN “The confounding impact of industry innovations on new venture performance” PAUL NEWBURY “Creative Destruction and the Natural Monopoly ‘Death Spiral’: Can Electricity Distribution Utilities Survive the Incumbent’s Curse?” Discussants: Andrea Morrison, Tammy Madsen 21 22 Monday, June 17, 15:30-17:00 10 ROLE OF UNIVERSITIES Monday, June 17, 15:30-17:00, Room: 407 (ESADE 2, other side of street, fourth floor), Chair: Hye-Ran HWANG 101 YANNIS CALOGHIROU, AIMILIA PROTOGEROU, IOANNA DELIGIANNI “How could education systems cultivate knowledge-intensive entrepreneurship? An example from engineering education” FRIEDRICH DORNBUSCH, THOMAS BRENNER “Universities as local knowledge hubs under different technology regimes – New evidence from academic patenting” MEHDI SAFAVI, LARS HÅKANSON “Knowledge Governance in Universities: A Case Study of a University Merger” Discussants: Nobuya Fukugawa, Ben Martin 11 KNOWLEDGE SOURCING Monday, June 17, 15:30-17:00, Room: 014 (ESADE 1, First floor), Chair: Michael Raven 113 GEORGE CHONDRAKIS, MARI SAKO, PAUL VAALER “Resource co-specialization and supplier concentration in concurrent sourcing” BORIS LOKSHIN, JOJO JACOB, MAASTRICHT, RENE BELDERBOS “CVC Investments and Technological Performance: Geographic Diversity and the Interplay with Technology Alliances” RICCARDO LEONCINI, ROBERTO ANTONIETTI, MARIA ROSARIA FERRANTE “Trust your neighbour. Spatial agglomeration, social capital and outsourcing” Discussants: Alex Coad, Marcela Miozzo Monday, June 17, 17:30-19:00 PARALLEL PAPER SESSIONS 2 12 REMOTE KNOWLEDGE EFFECTS Monday, June 17, 17:30-19:00, Room: 020 (ESADE 1, Second floor), Chair: Christos Kolympiris 12 WOLFGANG SOFKA, PEDRO DE FARIA, MIGUEL TORRES PRETO “MNC Subsidiary Closure: What Stays When the MNC Leaves?” HARALD BATHELT, SEBASTIAN HENN “The Geographies of Knowledge Creation over Distance: Toward a Typology” NOMINATED FOR DRUID BEST PAPER AWARD 2013 MERCEDES DELGADO, JUAN ALCACER “Spatial organization of firms and location choices through the value chain” Discussants: Rene Belderbos, Larissa Rabbiosi 13 ROLE OF MANAGERS Monday, June 17, 17:30-19:00, Room: 023 (ESADE 1, Second floor), Chair: Arianna Martinelli 22 CRISTINA QUINTANA-GARCÍA, CARLOS A. BENAVIDES-VELASCO “The initial public offering of hightechnology firms: female executive managers and innovation” PAO-LIEN CHEN, MATTHEW KRAATZ “Executive Migration and Incumbent Adaptation to Technological Change” BENJAMIN BALSMEIER, DIRK CZARNITZKI “How Important is Industry-Specific Managerial Experience for Innovative Firm Performance” Discussants: Mary Benner, Beatrice D’Ippolito 14 LICENCING II Monday, June 17, 17:30-19:00, Room: 014 (ESADE 1, First floor), Chair: Florenta Teodoridis 32 GORETTI CABALEIRO CERVIÑO, SOLON MOREIRA “I Never Promised You a Rose Garden: An Analysis of the Rent Dissipation Effect in Technology Licensing Contracts” LAURINA ZHANG, IAIN COCKBURN, AJAY AGRAWAL “Deals Not Done: Sources of Failure in the Market for Ideas” HIRAM SAMEL, ELIZABETH REYNOLDS, JOYCE LAWRENCE “Learning by Building: Complementary Assets and the Migration of Capabilities in U.S. Innovative Firms” Discussants: Andrea Mina, Fernando Suarez 15 OPEN INNOVATION II Monday, June 17, 17:30-19:00, Room: 013 (ESADE 1, First floor), Chair: Frank van Rijnsoever 42 NOMINATED FOR DRUID BEST PAPER AWARD 2013 ANNE TER WAL, OLIVER ALEXY, JOERN BLOCK, PHILIPP SANDNER “The best of both worlds: The benefits of specialized-brokered and diverse-closed syndication networks for new venture success” ANTOINE VERNET, AMMON SALTER, MARTIN KILDUFF “Binoculars and blinders: the effect of closure and brokerage on the anticipation of trends and breakthroughs in open innovation communities” ANA LUIZA BURCHARTH, HELLE ALSTED SØNDERGAARD, METTE KNUDSEN “Using Internal Coupling Activities To Enhance The Effectiveness Of Open Innovation” Discussants: Elisa Villani, Gordon Walker 23 24 Monday, June 17, 17:30-19:00 16 HIGH-TECH POLICY Monday, June 17, 17:30-19:00, Room: 015 (ESADE 1, First floor), Chair: David Bryce 52 LUCA GRILLI “High-tech entrepreneurship in Europe: a heuristic firm growth model and three “(un-)easy pieces” for policy making” JULIE DELANOTE, DIRK CZARNITZKI “R&D subsidies to small young companies: should the independent and high-tech ones be favored?” YANNIS CALOGHIROU, AIMILIA PROTOGEROU, EVANGELOS SIOKAS “Publicly-funded collaborative R&D networks as drivers for promoting knowledge-intensive entrepreneurship: an exploratory exercise” Discussants: Lorenzo Zirulia, J. Piet Hausberg 17 DISCLOSURE OR APPROPRIATION Monday, June 17, 17:30-19:00, Room: 026 (ESADE 1, Second floor), Chair: Gerhard Fuchs 62 KATRIN HUSSINGER “Insider Trading and the Patent Application Process” BETH WEBSTER, GAÉTAN DE RASSENFOSSE “Do patents shield disclosure or assure exclusivity when transacting technology?” MARKUS SIMETH, MICHELE CINCERA “Corporate Science, Innovation and Firm Value” Discussants: Kannan Srikanth, George Chondrakis 18 STANDARDS Monday, June 17, 17:30-19:00, Room: 024 (ESADE 1, Second floor), Chair: Deepa Mani 65 RUDI BEKKERS, BYEONGWOO KANG “Just-in-time inventions and the development of standards: How firms use opportunistic strategies to obtain standard-essential patents (SEPs)” NEIL KAY “The QWERTY Problem” JAE-YUN HO “Evolving Roles of Standards in Technological Innovation - Evidence from Photovoltaic Technology” Discussants: Christian Sternitzke, Michael Peneder 19 ECO-INNOVATION - POLICY Monday, June 17, 17:30-19:00, Room: 302 (ESADE 2, other side of street, third floor), Chair: Fabrice Cavarretta 72 HANNA HOTTENROTT “Policy-Induced Environmental Technology and Inventive Efforts: Is There a Crowding Out? “ GIOVANNI MARIN, FRANCESCA LOTTI “Drivers and Effects of Eco-innovations Using Data on Eco-patents” JANNE KORHONEN “Innovation effects: Ersatz, or lasting improvements?” Discussants: Paulo Figueiredo, Jens Horbach 20 INNOVATION FINANCE Monday, June 17, 17:30-19:00, Room: EF - Platea 2 (Basement), Chair: Tarmo Kalvet 82 GABRIELE PELLEGRINO, MARIA SAVONA “Is money all? Financing versus knowledge and demand constraints to innovation.” SHERYL WINSTON SMITH “Entrepreneurial Optimism, Financing, and Innovation” DANIEL HAIN, JESPER CHRISTENSEN “Who wants it and who gets it? A dynamic perspective on the supplydemand nexus of external innovation finance” Discussants: Oliver Baumann, Paul Steffens Monday, June 17, 17:30-19:00 21 INCUMBENT ADAPTATION Monday, June 17, 17:30-19:00, Room: 021 (ESADE 1, Second floor), Chair: Marco Corsino 92 DANIEL SNOW “Inter-generational hybrids: spillbacks, spillforwards, and surviving technology discontinuities” LLEWELLYN THOMAS, ERKKO AUTIO “Emergent equifinality: An empirical analysis of ecosystem creation processes” PATRICK LLERENA, LESYA DYMYD “The paradoxical nature of exploration and exploitation: managing research and development in global manufacturing company” Discussants: Lars Frederiksen, Lori DiVito 22 INNOVATION POLICIES Monday, June 17, 17:30-19:00, Room: 407 (ESADE 2, other side of street, fourth floor), Chair: Maria Cecilia Lustosa 102 YULIA MUZYRYA “The Impact of University Technology Transfer Offices on Faculty Consulting: Decisions by Individual Inventors.” JAN-MICHAEL ROSS, MARKUS PERKMANN, RICCARDO FINI “Translational research: When do public science projects result in real world impact?” CINDY LOPES BENTO “(International) R&D Collaboration and SMEs: The effectiveness of targeted public R&D support schemes” Discussants: Bart Leten, Christoph Grimpe 23 ENTREPRENEURS’ EXPERIENCE Monday, June 17, 17:30-19:00, Room: EF - Amphitheatre (Basement), Chair: Vivek Tandon 123 GUIDO BUENSTORF, SEBASTIAN WILFLING, CHRISTINA GUENTHER “Enter at own risk: Technological discontinuities, endogenous entry timing and firm performance” APRIL FRANCO, RAJSHREE AGARWAL, BENJAMIN CAMPBELL, MARTIN GANCO “What do i take with me?: the mediating effect of spin-out team size and tenure on the founder-firm performance relationship” FRANCESCA MELILLO, TIMOTHY FOLTA, FRÉDÉRIC DELMAR “What Determines the Initial Size of New Ventures?” Discussants: Janet Bercovitz, Wim Vanhaverbeke 24 ENTREPRENEURIAL DECISION-MAKING Monday, June 17, 17:30-19:00, Room: EF - Platea 1 (Basement), Chair: Noni Symeonidou 126 JOSÉ LEJARRAGA, MAUD PINDARD-LEJARRAGA “Source of information and entrepreneurial optimism” KOLBE LINN, ARD-PIETER DE MAN, BART BOSSINK “Decision making in R&D: how rational, intuitive and political decision processes interact in the high-tech sector” PEK-HOOI SOH, ELICIA MAINE “How Do Entrepreneurs Effectuate in Decision Making? A Prospective Sensemaking Response to Uncertainty” Discussants: Aleksandra Kacperczyk, Mirjam Van Praag 25 26 26 Tuesday, June 18, 09:00-10:30 PARALLEL PAPER SESSIONS 3 25 CLUSTERS - BIO/LIFE SCIENCES Tuesday, June 18, 09:00-10:30, Room: 020 (ESADE 1, Second floor), Chair: Rafael Boix Domenech 13 GIL AVNIMELECH “Targeting the Biotechnology Clusters in North Carolina and Israel: Lessons from Successful and Unsuccessful Policy Making” BRYN LANDER “Proximity at a distance in infection and immunity research” ANNA GLASER “The role of cluster organisations in the construction of collaborative r&d projects: the case of the ict & health clusters in the paris region.” Discussants: Hartmut Hirsch-Kreinsen, Christian Østergaard 26 LEARNING CAPABILITIES AND INDUSTRY GROWTH Tuesday, June 18, 09:00-10:30, Room: 023 (ESADE 1, Second floor), Chair: Anna Lis 25 KANNAN SRIKANTH, MIHAELA STAN “Taking time to do it right: The impact of time-compressing experience accumulation on organizational quality outcomes” DAVIDE CONSOLI, BEATRICE D’IPPOLITO, MARCELA MIOZZO “Building design capabilities: a focus on knowledge systematisation within firms” NOMINATED FOR THE STEVEN KLEPPER AWARD FOR EXCELLENCE IN RESEARCH BY A YOUNG SCHOLAR NANDITHA MATHEW “Drivers of Firm Growth: Micro-evidence from Indian Manufacturing” Discussants: Pedro de Faria, Maximilian Goethner 27 CO-PATENTING AND RIGHT DISTRIBUTION Tuesday, June 18, 09:00-10:30, Room: 403 (ESADE 2, other side of street, fourth floor), Chair: Solon Moreira 74 BART LETEN, DRIES FAEMS, RENE BELDERBOS, BART VAN LOOY, BRUNO CASSIMAN “Co-ownership of intellectual property: Exploring the value appropriation and creation implications of co-patenting with different partners” FRANCESCO SANDULLI, MIRBELLA GALLARETA “The Geography of External Knowledge Search: The International Breadth of R&D Cooperation” MATTHEW MITCHELL “Shared Rights and Technological Progress” Discussants: April Franco, Gaétan de Rassenfosse 28 ATTITUTES AND OPEN INNOVATION Tuesday, June 18, 09:00-10:30, Room: 013 (ESADE 1, First floor), Chair: Solon Moreira 43 ANNIKA LORENZ, THERESA VEER, KNUT BLIND “How open is too open? The ‘dark side’ of openness along the innovation value chain” OSCAR LLOPIS, PABLO D’ESTE, ALFREDO YEGROS “Conducting prosocial research: cognitive diversity, research excellence and awareness of the social impact of research” TOMMY CLAUSEN “The role of top-managers and their entrepreneurial strategies in the adoption of inbound open innovation: A longitudinal analysis” Discussants: Lars Håkanson, Henry Lopez Vega Tuesday, June 18, 09:00-10:30 29 PATENT WARS Tuesday, June 18, 09:00-10:30, Room: 015 (ESADE 1, First floor), Chair: Lasse Becker 54 CHRISTOPH GRIMPE, KATRIN HUSSINGER “Patent blocking and infringement and their effects on firms’ participation in markets for technology” CHRISTIAN STERNITZKE “Patent race-like competition in drug lifecycle management” YONGWOOK PAIK, FENG ZHU “The impact of patent wars on firm strategy: evidence from the global smartphone market” Discussants: Heli Koski, Karin Beukel 30 DELEGATION AND AUTHORITY Tuesday, June 18, 09:00-10:30, Room: 024 (ESADE 1 - Second floor), Chair: Kenny Ching 63 MAGDALENA DOBRAJSKA, NICOLAI FOSS, JACOB LYNGSIE “Common Ground and Delegation” FLORIAN TÄUBE, OLIVER KALLENBORN “Opening the black box of self-organization in new product development - evidence from problem-solving communication in the automotive industry” Discussants: Lars Håkanson, Adina Sterling 31 CORRUPTION AND WEAK INSTITUTIONS Tuesday, June 18, 09:00-10:30, Room: 302 (ESADE 2, other side of street, third floor), Chair: José Lejarraga74 SORIN KRAMMER “Greasing the wheels of change: the impact of corruption on firms’ innovation in transition economies” LARISSA RABBIOSI, GRAZIA SANTANGELO “When in Rome, do as the Romans do: Dealing with corruption after entry” GERALD MCDERMOTT, RAFAEL CORREDOIRA “Network Recombination, Bridging Institutions, and Firm Upgrading: Building Collective Knowledge Resources in Emerging Markets” Discussants: Andreas Braun, Antoine Vernet 32 FINANCING INNOVATION Tuesday, June 18, 09:00-10:30, Room: EF - Platea 2 (Basement), Chair: Jojo Jacob 83 VENKAT KUPPUSWAMY, BARRY BAYUS “Crowdfunding creative ideas: the dynamics of project backers in kickstarter” ALI MOHAMMADI, ANU WADHWA, CRISTINA ROSSI LAMASTRA, MASSIMO GAETANO COLOMBO, DOUGLAS CUMMING “Community Collaboration and Venture Capital Finance” TAMMY MADSEN, DARA SZYLIOWICZ “Waves of investing: institutional dynamics in the venture capital sector” Discussants: Marion Poetz, Solmaz Filiz Karabag 33 BREAKTHROUGH INNOVATIONS Tuesday, June 18, 09:00-10:30, Room: 021 (ESADE 1, Second floor), Chair: Nadia Noori 93 JAN HOHBERGER “Valuable components in the innovation process: Can there be too much of a good thing?” SAM ARTS, REINHILDE VEUGELERS “The Technological Origins and Novelty of Breakthrough Inventions” ANNE PLUNKET, LORENZO CASSI, EMILIE-PAULINE GALLIÉ, VALÉRIE MÉRINDOL “Breakthrough inventions, firm characteristics and technological sector dynamics” Discussants: Oliver Som, Michael S. Dahl 27 28 28 Tuesday, June 18, 09:00-10:30 34 ACADEMICS IN INNOVATION Tuesday, June 18, 09:00-10:30, Room: 407 (ESADE 2, other side of street, fourth floor), Chair: Mihai Ibanescu 103 ARJAN MARKUS, LORI ROSENKOPF “Tapping into Industry and Academia: Inbound Mobility, R&D Collaboration and Substitution Effects” HENRY LAHR, ALAN HUGHES, MICHAEL KITSON “Signalling, absorptive capacity and the geographic patterns of academic knowledge exchange” STEFAN KRABEL, ALEXANDER SCHACHT “Follow the Leader?! – How Leadership Behavior Influences Scientists’ Commercialization Behavior (or not)” Discussants: Anne ter Wal, Liliana Herrera 35 LEARNING AND CAPABILITIES Tuesday, June 18, 09:00-10:30, Room: 026 (ESADE 1, Second floor), Chair: Pawel Glodek 114 HART POSEN, MARKUS LANG, DIRK MARTIGNONI “Rubik’s Dilemma: Partial Knowledge and the Efficacy of Learning” MAGGIE MEI, KELD LAURSEN, KWAKU ATUAHENE-GIMA “Learning to Innovate: How Does Ambidextrous Learning Matter to Radical and Incremental Innovation Capabilities?” DAVID BARDOLET, DAN LOVALLO, DAVID TEECE “Resource allocation and dynamic capabilities” Discussants: Fabrice Galia, Felipe Monteiro 36 R&D PERFORMANCE Tuesday, June 18, 09:00-10:30, Room: 014 (ESADE 1, First floor), Chair: Jose Garcia-Quevedo 115 DIEGO USECHE “Patenting behaviour and the survival of newly-listed European software firms” SANDRO MONTRESOR, ANTONIO VEZZANI “The production function of top R&D investors: accounting for size and sector heterogeneity with quantile estimations” HENRY LAHR, ANDREA MINA “Coaching or Selection? Venture Capital and Firms’ Patenting Performance” Discussants: Ammon Salter, Julien Pénin 37 ENTREPRENEURSHIP Tuesday, June 18, 09:00-10:30, Room: EF - Amphitheatre (Basement), Chair: Joeri Wesseling 122 NOMINATED FOR DRUID BEST PAPER AWARD 2013 ALEKSANDRA KACPERCZYK “Female Entrepreneurship and Alternative Opportunities Inside an Established Firm” VIVEK TANDON, SAMPSA SAMILA “Immigration Law and Mobility of Inventors” DANIELA BOLZANI, CRISTINA BOARI “Perceptions of export feasibility in new technology-based firms: do immigrant and non-immigrant entrepreneurs differ?” Discussants: Annika Rickne, Francesca Melillo 38 CUSTOMERS AND USERS Tuesday, June 18, 09:00-10:30, Room: EF - Platea 1 (Basement), Chair: Federico Tamagni 131 ISABEL MARIA BODAS FREITAS, ROBERTO FONTANA, PAMELA ADAMS “Strategic orientations, marketing capabilities and innovation: an empirical investigation” JÖRG CLAUSSEN, CHRISTIAN ESSLING, TOBIAS KRETSCHMER “When less can be more – Setting technology levels in complementary goods markets” ARIANNA MARTINELLI, UWE CANTNER, MARCO GUERZONI “Innovation and market dynamics: A twomode network approach to user-producer interaction” Discussants: Boris Lokshin, Guido Buenstorf Tuesday, June 18, 15:00-16:30 PARALLEL PAPER SESSIONS 4 39 REGIONAL INNOVATION Tuesday, June 18, 15:00-16:30, Room: 020 (ESADE 1, Second floor), Chair: Tommy Clausen 14 FRANCESCO QUATRARO, ALESSANDRA COLOMBELLI “The properties of local knowledge bases and entrepreneurship: Evidence from Italian NUTS 3 regions” ÉVA KOMLÓSI, LÁSZLÓ SZERB, RAQUEL ORTEGA-ARGILÉS, ZOLTAN ACS “Regional Entrepreneurship in Hungary based on the Regional Entrepreneurship and Development Index (REDI) methodology” MATTE HARTOG “Sources of structural change” Discussants: Paola Criscuolo, Holger Graf 40 LABOR MARKETS AND LEARNING Tuesday, June 18, 15:00-16:30, Room: 023 (ESADE 1, Second floor), Chair: Pao-Lien Chen 24 ADINA STERLING “Friendships and Strategic Behavior in Labor Markets” ELIZABETH LYONS, AJAY AGRAWAL, NICOLA LACETERA “Does Information Help or Hinder Job Applicants from Less Developed Countries in Online Markets?” JÖRG CLAUSSEN, THORSTEN GROHSJEAN “The dark side of employee mobility: Evidence from enterprise software adoption” Discussants: Cristina Quintana-García, Carolina Castaldi 41 LICENSING I Tuesday, June 18, 15:00-16:30, Room: 403 (ESADE 2, other side of street, fourth floor), Chair: Laurina Zhang 31 THOMAS KLUETER, FELIPE MONTEIRO, DENISE DUNLAP “No Strings Attached: Examining the Relationship between Loosely Coupled Research Partnerships and Innovative Performance” KELD LAURSEN, SOLON MOREIRA, M. ISABELLA LEONE, TOKE REICHSTEIN “Exploring the Boomerang Effect: The Role of Core Technologies and Uncertainty in Explaining the Use of the Grant-Back Clause in Technology Licensing” FLORENTA TEODORIDIS, AJAY AGRAWAL, AVI GOLDFARB “Does Knowledge Accumulation Increase the Returns to Collaboration?” Discussants: Matthew Mitchell, Sampsa Samila 42 INSTITUTIONAL LOGICS AND LEGITIMACY Tuesday, June 18, 15:00-16:30, Room: 013 (ESADE 1, First floor), Chair: Bettina Bastian 44 ANDREAS BRAUN, CHRISTOPH IHL “The mixed blessings of openness in creative industries – the case of european chefs de cuisine” ELISA VILLANI, NELSON PHILLIPS “Beyond Institutional Complexity: The Case of Different Organizational Successes in Confronting Multiple Institutional Logics” FRANCESCO RULLANI, PIETRO VERSARI, LUCA MONGELLI “hybridization of diverging institutional logics through the “common tone”: the case of social entrepreneurship” Discussants: Dara Szyliowicz, Mark Lorenzen 29 30 Tuesday, June 18, 15:00-16:30 43 PATENTING PROCES Tuesday, June 18, 15:00-16:30, Room: 015 (ESADE 1, First floor), Chair: Xingyuan Zhang 55 NOMINATED FOR THE STEVEN KLEPPER AWARD FOR EXCELLENCE IN RESEARCH BY A YOUNG SCHOLAR ILJA RUDYK “Deferred Patent Examination” GAÉTAN DE RASSENFOSSE “Are patent fees effective at weeding out low-quality patents?” KARIN BEUKEL “Making Patent Scopes Exceed the Technological Scopes of Scientific Inventions” Discussants: Theresa Veer, Dietmar Harhoff 44 MARKET FAILURES Tuesday, June 18, 15:00-16:30, Room: 024 (ESADE 1, Second floor), Chair: Ajay Bhaskarabhatla 64 MICHAEL PENEDER “Competition, R&D and innovation: testing the inverted-U in a simultaneous system” LORENZO ZIRULIA “The evolution of R&D networks” ANDREA GUENSTER “Do cartels undermine economic efficiency?” Discussants: Andrea Fosfuri, Stefan Krabel 45 ECO-INNOVATION - ADVANTAGES Tuesday, June 18, 15:00-16:30, Room: 302 (ESADE 2, other side of street, third floor), Chair: Janne Korhonen 73 FABRICE GALIA, SANJA PEKOVIC, MARC INGHAM “Environmental Benefits of Forms of Innovations in French Manufacturing Firms” ALEXANDER VAN DER VOOREN, MARKO HEKKERT, FLOORTJE ALKEMADE “Energy Labels and Firm Strategies in the Dutch Automotive Sector” CARLOS ARRUDA, FLAVIA CARVALHO, PAULO NASCIMENTO, HENRIQUE DUTRA “Chasing Eco-advantage: Unravelling Who Creates and What Determines Radical Eco-Innovations in Brazil” Discussants: Frank Neffke, Dan Breznitz 46 FIRM BOUNDARIES Tuesday, June 18, 15:00-16:30, Room: EF - Platea 2 (Basement), Chair: Jan Hohberger 85 GIANLUIGI GIUSTIZIERO “Vertical and Horizontal Expansions in Value-based Models” KRISTINA MCELHERAN, CHRIS FORMAN “Information Technology and Boundary of the Firm: Evidence from Plant-Level Data” JOHN DE FIGUEIREDO, BRIAN SILVERMAN “Markets for Technology, Vertical Integration, and Industry Dynamics: Efficiency and Foreclosure in the Laser Printer Industry” Discussants: Stephan Billinger, Aija Leiponen 47 INNOVATIVE TIES Tuesday, June 18, 15:00-16:30, Room: 021 (ESADE 1, Second floor), Chair: David Bardolet 95 MARCO CORSINO, SALVATORE TORRISI, PAOLA GIURI “Patent Spinoffs: How Important Is the Organizational Environment?” SUSANNE HINZMANN, TINA WOLF, UWE CANTNER “The coevolution of innovative ties and technological proximity” NOMINATED FOR THE STEVEN KLEPPER AWARD FOR EXCELLENCE IN RESEARCH BY A YOUNG SCHOLAR MARTIN GOOSSEN “Community-Spanning, Network-Spanning, and Scientist Innovativeness” Discussants: Valentina Tartari, Anne Plunket Tuesday, June 18, 15:00-16:30 48 MOBILITY AND MOTIVATION Tuesday, June 18, 15:00-16:30, Room: 407 (ESADE 2, other side of street, fourth floor), Chair: Michaela Fuchs 104 JULIEN PÉNIN “Motivation crowding-out: Is there a risk for science” ELISABETH BUBLITZ “Matching Skills of Individuals and Firms along the Career Path” ELISABETTA MARINELLI, ANA FERNANDEZ-ZUBIETA, SUSANA ELENA-PEREZ “Research-mobility and job-stability: is there a trade-off?” Discussants: Terence Fan, Julia Lane 49 KNOWLEDGE NETWORKS Tuesday, June 18, 15:00-16:30, Room: EF - Platea 1 (Basement), Chair: Magdalena Dobrajska 112 MICHAEL RAVEN “Distance beyond Spatial Separation: Interfaces of Process Development in Biotechnology” FELIX MÜLLER, OLIVER IBERT “Idea-centered, dynamic knowledge network analysis: Tracing the unfolding of innovation through time and space” ANDREA MORRISON “The Dynamics of Technical and Business Networks in Industrial Clusters: Embeddedness, status or proximity?” Discussants: Pablo D’Este, Harald Bathelt 50 BOOSTING DEVELOPMENT Tuesday, June 18, 15:00-16:30, Room: 014 (ESADE 1, First floor), Chair: Janaina Pamplona da Costa 116 MARIA VITTORIA, GIUSEPPE LUBRANO LAVADERA “Knowledge networks as the nouvel milieu of biotechnology firms in peripheral regions” PAULO FIGUEIREDO, JAHAN PEERALLY “Technological Capability Building inMNE-related Social Businessesof Less Developed Countries: The Experience of Grameen-Danone Foods Limited” MARIA CECILIA LUSTOSA, DILSON PEREIRA, MICHELLE CRISTIANE NUNES “Innovative Firms and Reduction of Regional Disparities: An analysis of Brazilian Industrial Sector” Discussants: Jesper Christensen, Gil Avnimelech 31 32 Wednesday, June 19, 09:00-10:30 PARALLEL PAPER SESSIONS 5 51 EMBEDDING MNES Wednesday, June 19, 09:00-10:30, Room: 020 (ESADE 1, Second floor), Chair: Ana Fernandez-Zubieta 15 PAUL RYAN, JOHANNA CLANCY, MAJELLA GIBLIN “High Technology Clusters, Flagship MNE Subsidiaries, and Mothership Ecosystems: Specialisation, Adaptation and Connectivity in Staving off Cluster Malaise” DARIA ZVIRGZDE, DANIEL SCHILLER, JAVIER REVILLA DIEZ “The role of local institutional environment for the development of multinationals and SMEs in Ukraine: transition economies perspective” SILVIA RITA SEDITA, ANNALISA CALOFFI, FIORENZA BELUSSI “Heterogeneity of MNEs entry modes in industrial clusters: an evolutionary approach based on the cluster life cycle model” Discussants: Sandro Montresor, Jingshu Du 52 EVOLUTIONARY MODELS Wednesday, June 19, 09:00-10:30, Room: 023 (ESADE 1, Second floor), Chair: Ipsita Roy 26 ANKE PIEPENBRINK, FARIBORZ DAMANPOUR ”Future is Evolution” - Locus, Tempo and Mode of evolution in a technological system” CAROLINA CASTALDI, MATTHIJS JANSSEN, PIM DEN HERTOG “Examining dimensionality and interdependencies in the design of service innovation” MAXIMILIAN GOETHNER, SEBASTIAN WILFLING, UWE CANTNER “Determinants of market novelty of entrepreneurial firms” Discussants: Pek-Hooi Soh, Neil Kay 53 PROFESSIONAL NETWORKS AND EXPERIENCE Wednesday, June 19, 09:00-10:30, Room: 014 (ESADE 1, First floor), Chair: Wolfgang Sofka 36 KARIN HOISL, DIETMAR HARHOFF, MARIA HEIBEL “The Impact of Network Structure and Network Behavior on Inventor Productivity” SIPING LUO, MARY LOVELY, DAVID POPP “Intellectual Returnees as Drivers of Indigenous Innovation: Evidence from the Chinese Photovoltaic Industry” XINGYUAN ZHANG, YOSHIFUMI NAKATA “Intra-firm Mobility, Innovation Types and Engineers’ Performance” Discussants: Elif Bascavusoglu-Moreau, Elisa Giuliani 54 INSTITUTIONAL DYNAMICS Wednesday, June 19, 09:00-10:30, Room: 013 (ESADE 1, First floor), Chair: Oscar Llopis 45 DAVIDE CONSOLI, FRANCESCO RENTOCCHINI “Multi-Industry Labour Force Skills: Structure and Dynamics” FERNANDO SUAREZ, ALEKSIOS GOTSOPOULOS, STINE GRODAL “The co-evolution of technologial designs and categories during industry emergence” ISMAEL RAFOLS, DANIELE ROTOLO, LOET LEYDESDORFF, MICHAEL HOPKINS “Mapping the De Facto Governance in the Case of Emerging Science and Technologies” Discussants: Jeffrey Furman, Hanna Hottenrott Wednesday, June 19, 09:00-10:30 55 LOW-TECH GROWTH Wednesday, June 19, 09:00-10:30, Room: 015 (ESADE 1, First floor), Chair: Alberto Albahari 56 HARTMUT HIRSCH-KREINSEN “Low-Tech” Research - Revisited” OLIVER SOM, EVA KIRNER, ANGELA JÄGER “Absorptive capacity of non-r&d intensive firms in the german manufacturing industry” CHRISTOPHER SIMMS, PAUL TROTT “Uncovering the nature of the reciprocal relationship between product and process innovation: A study within the food packaging industry.” Discussants: Ronald Klingebiel, Ilja Rudyk 56 NON-DETERMINISTIC PROCESSES Wednesday, June 19, 09:00-10:30, Room: EF - Platea 2 (Basement), Chair: Enrico Pennings 66 FABRICE CAVARRETTA, NATHAN FURR “Means, Variability, and Extremes: Reinterpreting the Role of Resources in New Ventures” CHRISTIAN ESSLING “Uncertainty, Flexibility and Market Entry” PHILIPP TUERTSCHER, SUSANNE ROISER, NIKOLAUS FRANKE, CHRISTOPHER LETTL “Does god play dice?” Randomness vs. deterministic explanations of idea originality in crowdsourcing” Discussants: Henry Sauermann, Dmitry Sharapov 57 CULTURAL VALUES AND PERFOMANCE Wednesday, June 19, 09:00-10:30, Room: 021 (ESADE 1, Second floor), Chair: Fiona Lettice 75 BRIAN SILVERMAN “The Gentlemen Slavers: Status, Structure and Social Movements for the Conduct of Dirty Business” ANDREA FOSFURI, MARCO GIARRATANA, ESTHER ROCA “To make a virtue of necessity: communityfocused strategies and firm growth” MEERA SARMA, ALICE LAM “Knowledge Creation and Innovation in the Virtual Community – Exploring Structure, Values and Identity in Hacker Groups” Discussants: Yannis Caloghirou, Rafael Corredoira 58 UNIVERSITY SPILLOVERS Wednesday, June 19, 09:00-10:30, Room: 024 (ESADE 1, Second floor), Chair: Mercedes Delgado 105 NOBUYA FUKUGAWA “University spillovers in Japan: channels, geography, and policy” FRANK VAN RIJNSOEVER, MARIJN VAN WEELE, FRANS NAUTA “Take Them by the Hand? Unconsciously Incompetent Entrepreneurs and Incubation Processes” MARIANNE STEINMO, EINAR RASMUSSEN “How firms collaborate with public research organizations: the evolution of proximity dimensions in successful innovation projects” Discussants: Mika Pajarinen, Patrick Llerena 59 ROLE OF ANTECEDENTS Wednesday, June 19, 09:00-10:30, Room: EF - Platea 1 (Basement), Chair: Henry Lahr 111 JOSE GARCIA-QUEVEDO, GABRIELE PELLEGRINO, MARCO VIVARELLI “R&D drivers in young innovative companies” SOLMAZ FILIZ KARABAG, CHRISTIAN BERGGREN “Antecedents of Firm Performance in Emerging Economies: Business Groups, Strategy, Industry Structure, and State Support” STEFFEN KEIJL “Directly or Closely Connected: Network Antecedents in the Light of Technological Impact of Inventions” Discussants: Kristina McElheran, John de Figueiredo 33 34 Wednesday, June 19, 09:00-10:30 60 SURVIVAL STRATEGIES Wednesday, June 19, 09:00-10:30, Room: EF - Amphitheatre (Basement), Chair: Kolbe Linn 125 PAOLA CRISCUOLO, AMMON SALTER, THORSTEN GROHSJEAN “The chosen ones: The Selection of Capabilities in Professional Service Firms” JOERI WESSELING, MARKO HEKKERT, JAN FABER, WILLIAM SIERZCHULA “EV asset and market strategies of incumbent car manufacturers” NONI SYMEONIDOU, AIJA LEIPONEN, ERKKO AUTIO, JOHAN BRUNEEL “Putting All Eggs in One Basket: Capability Configurations and Survival in Entrepreneurial Start-ups” Discussants: Nadine Roijakkers, Markus Becker Wednesday, June 19, 15:00-16:30 PARALLEL PAPER SESSIONS 6 61 NETWORKS AND PATH-DEPENDENCE Wednesday, June 19, 15:00-16:30, Room: 020 (ESADE 1, Second floor), Chair: Andrea Guenster 16 MARKUS BUGGE, BJØRN ASHEIM, LARS COENEN, SVERRE HERSTAD “What Does Evolutionary Economic Geography Bring To The Policy Table? Reconceptualising regional innovation systems” ELISA GIULIANI, ANDRES MATTA “Explaining path-dependence in the evolution of networks. The case of an Electronics cluster in Argentina” JANAINA PAMPLONA DA COSTA “A Tale of Two Networks: Promoting Software Development in Brazil” Discussants: Udo Zander, Marco Bettiol 62 R&D BY RECRUITMENT Wednesday, June 19, 15:00-16:30, Room: 023 (ESADE 1, Second floor), Chair: Carlos Arruda 23 TORBEN SCHUBERT “Implementing an R&D Strategy without Prior R&D-Experience” LILIANA HERRERA, MARIANO NIETO “Recruitment of PhD Researchers by Firms” ANDRÉS BARGE-GIL, ANNAMARÍA CONTI “Firm R&D Units and Outsourcing Partners: a Matching Story” Discussants: Katrin Hussinger, Yoshifumi Nakata 63 BUILDING PARTNERSHIPS Wednesday, June 19, 15:00-16:30, Room: 024 (ESADE 1, Second floor), Chair: Anke Piepenbrink 35 NOMINATED FOR THE STEVEN KLEPPER AWARD FOR EXCELLENCE IN RESEARCH BY A YOUNG SCHOLAR THOMAS KLUETER “Opening Up but Staying Local: Insights from Partnership Formations between Established and Startup Firms” WIM VANHAVERBEKE, JINGSHU DU, BART LETEN “The Up- and Downsides of R&D Collaborations in Core and Non-Core Technologies” ANNALISA CALOFFI, MARCO MARIANI, FABRIZIA MEALLI “What kinds of R&D consortia enhance SMEs productivity? Evidence from a small-business innovation policy” Discussants: Cindy Lopes Bento, Grazia Santangelo 64 INNOVATION POLICIES Wednesday, June 19, 15:00-16:30, Room: 015 (ESADE 1, First floor), Chair: Daniel Schiller 53 HELI KOSKI, MIKA PAJARINEN “Subsidies, shadow of death and productivity” LASSE BECKER “No gains of federalism in innovation support? - The case of Germany” ANDRÉS BARGE-GIL, ALBERTO ALBAHARI, SALVADOR PÉREZ-CANTO, AURELIA MODREGO “The influence of Science and Technology Parks’ characteristics on firms’ innovation results” Discussants: Fiorenza Belussi, Gloria Sánchez-González 35 36 Wednesday, June 19, 15:00-16:30 65 ENVIRONMENT AND RESPONSE Wednesday, June 19, 15:00-16:30, Room: 013 (ESADE 1, First floor), Chair: Francesco Quatraro 76 SIMONE VANNUCCINI “Problem-solving and Generality as Sources of Growth and Heterogeneity” PAUL STEFFENS, FIONA LETTICE “Eyes Wide Shut: The Role of Organizational Field Transparency for Overcoming Organisational Inertia” MARCO BETTIOL, ELEONORA DI MARIA, VLADI FINOTTO, STEFANO MICELLI “The hidden side of innovation: why tinkerers matter” Discussants: Thorsten Grohsjean, Hart Posen 66 FINANCIAL CONSTRAINTS Wednesday, June 19, 15:00-16:30, Room: EF - Platea 2 (Basement), Chair: Helle Alsted Søndergaard 81 NOMINATED FOR DRUID BEST PAPER AWARD 2013 MARCELA MIOZZO, LORI DIVITO “Early growth process and paths of new science-based firms” JOSE GARCIA-QUEVEDO, MERCEDES TERUEL CARRIZOSA, AGUSTÍ SEGARRA BLASCO “Financial constraints and the failure of innovation projects” FEDERICO TAMAGNI “Exporting under financial constraints: margins, switching dynamics and prices” Discussants: Silvia Rita Sedita, Sheryl Winston Smith 67 ECOSYSTEM CREATION Wednesday, June 19, 15:00-16:30, Room: EF - Platea 1 (Basement), Chair: Richard Tee 84 WIM VANHAVERBEKE, NADINE ROIJAKKERS, BART LETEN, ANDRE CLERIX, JOHAN VAN HELLEPUTTE “Orchestrating Innovation Ecosystems” ALBERT SUNE, JENNY GIBB “Using Dynamic Capabilities to Transform a Firm´s Resource Base: Bridging Path Creation and Path Dependency” LLEWELLYN THOMAS, DMITRY SHARAPOV, ERKKO AUTIO “Building ecosystem momentum: The case of AppCampus” Discussants: Hiram Samel, Florian Täube 68 ORGANIZATIONAL INNOVATION AND ADAPTATION Wednesday, June 19, 15:00-16:30, Room: 021 (ESADE 1, Second floor), Chair: Ana Luiza Burcharth 94 MONIKA HARTMANN, RAFFAELE ORIANI, HAZEL BATEMAN “The Performance Effect of Business Model Innovation: An Empirical Analysis of Pension Funds” JAVIER PAPA, VIKTOR SLAVTCHEV “Sailing through stormy waters in Argentina. A study on innovations during crisis times” CHUNG-LIN TSAI, ROBERT PHAAL, DAVID PROBERT “Industry platform construction and development in a changing environment: evidence from the ict industry” Discussants: Raquel Ortega-Argilés, Martin Kenney 69 CITATIONS, RETRACTIONS AND FRAUD Wednesday, June 19, 15:00-16:30, Room: 026 (ESADE 1, Second floor), Chair: Tamara Stucchi 106 SOLMAZ FILIZ KARABAG, CHRISTIAN BERGGREN “Back to the Merton ideals? Corporate fraud, scientific dishonesty, and the need to reform academic institutions and identity” MICHAEL WARD, CRAIG DEPKEN “Sited, Sighted, and Cited: The Effect of JSTOR in Economic Research” JEFFREY FURMAN, PIERRE AZOULAY, JOSHUA KRIEGER, FIONA MURRRAY “Retractions” Discussants: Raquel Ortega-Argilés, Keld Laursen, Maryann Feldman Wednesday, June 19, 15:00-16:30 70 ENTERPRENEURIAL TEAMS Wednesday, June 19, 15:00-16:30, Room: EF - Amphitheatre (Basement), Chair: Philipp Tuertscher 121 ALEX COAD, BRAM TIMMERMANS “Two’s Company: Composition and Performance of Entrepreneurial Pairs” MIRJAM VAN PRAAG, SANDER HOOGENDOORN “Ethnic diversity and team performance: a field experiment” LARS FREDERIKSEN, ANDERS FREDERIKSEN “Professional business understanding and inertia in the entrepreneurial team: Short and long-term effects on organizational survival and growth” Discussants: Felicia Fai, Diane Burton 71 SYSTEMS OF INNNOVATION Wednesday, June 19, 15:00-16:30, Room: 014 (ESADE 1, First floor), Chair: Wilfried Ehrenfeld 132 ALINA LIDÉN “Perspectives on the relation between innovation and locality. The interplay between territorial and functional based systems of innovation” MARGARET DALZIEL, TANITA TAHMINA, XIAO ZHAO “The Impact of Investments in Research and Innovation: A Literature Review” MIHAI IBANESCU “National Systems of Innovation and firms’ innovative performance: a comparison between American, Canadian and Chinese firms” Discussants: Aimilia Protogerou, Maria Savona 37 38 DRUID Conference 2013 POSTER SESSION I Tuesday, 18 June, 14:30-15:00 AHREUM LEE, ROBERT MCNAMEE: “In search of a FLORENTA TEODORIDIS: “The Role of Diversifica- theoretical framework for reverse innovations” tion in Knowledge Creation: Evidence from Kinect in Academia” ALEX COAD: “New Venture Survival and Growth: Does the fog lift?” FRANK VAN RIJNSOEVER: “Technological variety ALEXANDER SCHIERSCH: “Is technical progress in innovation systems: the role of actors, networks, resources and institutions” sectorally concentrated? An empirical analysis for Western European countries” ISABEL ÁLVAREZ, CELIA TORRECILLAS: “Foreign BETTINA LYNDA BASTIAN, CHRISTOPHER TUCCI: “The Role of Advice Sources for Entrepreneur- expansion mode of emerging MNE and Home National System of Innovations” ship and Innovation” IVAN ZUPIC, TOMAZ CATER: “What do we know BRIAN WIXTED, ADAM HOLBROOK: “Reconfigur- about high-tech firms? Mapping the intellectual structure evolution of high-technology research (19732012)” ing national science and research systems: the role of charities” CESARE ANTONIO FABIO RIILLO: “Environmental management, labour productivity and innovation – Preliminary results from a survey of Italian firms using Coarsened Exact Matching“ EINAR RASMUSSEN, PAUL BENNEWORTH, MAGNUS GULBRANDSEN: “Developing University Innovation Capacity: How can innovation policy effectively harness universities’ capability to promote high-growth technology businesses?” FELICIA FAI: “Sectoral Systems of Learning in Late Industrialising Nations – A study of the Chinese Civil Aviation Industry” FERDINAND JASPERS, TONY HAK: “The Sequence of Gestation Activities and its Impact on Achieving Sustained Sales” JIAN-HANG WANG, YUAN-CHIEH CHANG, WEN-HONG CHIU: “Customer involvement in the process innovation: Antecedents, mediation and performance” 39 Innovation, Strategy and Entrepreneurship POSTER SESSION II Tuesday, 18 June, 16:30-17:00 KRISTER SALAMONSEN: “The Formation and Ben- SHREOSI SANYAL, MARK VANCAUTEREN: “Pat- efits of Strategic Alliances: A Longitudinal Case Study” ents and R&D at the Firm Level: A panel data analysis applied to the Dutch pharmaceutical sector” MARIANNE STEINMO, SIRI JAKOBSEN: “Greening an Industry through Coopetition: The role of Proximity in an R&D Aliance to create Environmental Innovations” SHU-CHEN CHANG, CHUAN-KAI LEE: “Entrepreneurship and Financial Innovation in China- A Case Study of the First P2P Lending Platform in China” JOHN A. MATHEWS: “The sixth technoeconomic TINA WOLF: “Innovative start-up patenting: a new paradigm” approach towards identification and determinants” LORI DIVITO, WILLEM VAN WINDEN: “Knowledge VALERIA LORENZI: “Business development and opportunity identification in global markets” and Learning from International Partnerships: a study of small firms in the fashion industry” WILFRIED EHRENFELD: “Climate Innovation – The MOHAMMED SHAMSUL KARIM: “Life Span Cognitive Development of Age Groups and Its Influence on the Determinants of Early Stage and Serial Entrepreneurship” OMID OMIDVAR: “Revisiting Absorptive Capacity: Literature review and a Practice-based Extension of the Concept” PHILIPP BOEING, ELISABETH MÜLLER, PHILIPP SANDNER: “In-house R&D and External Knowledge Acquisition – What Makes Chinese Firms Productive?” SARAH LUBIK, ELIZABETH GARNSEY, TIM MINSHALL: “Evolving Toward an Ecosystem Perspective: Market Strategies for Science-based Ventures” SEIDALI KURTMOLLAIEV, TOR HELGE AAS: “An enabler or a disabler? A dual role of management accounting in service innovation” Case of the Central German Chemical Industry” YING ZHU: “Reshaping Cognition in Building Dynamic Capability: Automobile Emission Control Technology Development” 40 DRUID Conference 2013 SOCIAL PROGRAM EXCURSION 1: HISTORICAL BARCELONA TUESDAY, JUNE 18, 17:00-19:00 This itinerary takes us through the Gothic and Born districts, allowing us to get in touch with the city’s history while discovering some of the most emblematic buildings, old alleyways and hidden treasures. EXCURSION 3: EXCURSION 2: MODERNIST BARCELONA BARCELONA’S GASTRONOMIC CULTURE TUESDAY, JUNE 18, 17:00-19:00 TUESDAY, JUNE 18, 17:00-19:00 This route takes us through Gaudi’s majesty by visiting two illustrative buildings: La Pedrera, one of the most imaginative houses in the history of architecture, and Casa Batlló, renowned for its elaborate modernist elements This itinerary offers the chance to approach Catalan culture through its food, by visiting its famous Mercat de la Boqueria and stopping at the Pinotxo Restaurant inside the market to try a couple of traditional tapas. *note: the tasting at Pinotxo is not included in the price. USEFUL INFORMATION Duration of the tours: 2 hours (Tuesday, June 18, 17:00-19:00). Groups of maximum 25 people Transportation from ESADE and to the dinner venue is included 41 Social Program BEST PAPERS AWARD CEREMONY AND GRAND CONFERENCE DINNER TUESDAY, JUNE 18, 20:00-22:30 Casa Llotja de Mar, Passeig d’Isabel II, 1 08003 Barcelona www.casallotja.com and artistic monument of immense architectural interest, to which is added the incalculable artistic value of its halls and rooms, decorated and enriched mainly with 18th- and 19th-century sculptures and paintings by students and professors of the Academy of Fine Arts. In its origins, in the late 14th century, the Llotja was the maximum expression of the rise of Barcelona’s merchant class. This enterprising community now had a place for conducting its business, and the building became the symbol of its power and solidity. Ever since then, Catalonia’s political, social and economic evolution has reverberated through the building, which has experienced periods of both splendour and decay. By the late 20th century, the stone walls of the Contracting Hall were covered with a thick layer of soot from cigar smoke, and the Pati dels Tarongers, the “Orange-Tree Courtyard,” was being used as a car park, but between 1997 and 2002 the Llotja underwent a complete rehabilitation process, with the result that it now arouses admiration once again. Dress code: nice, informal. Participation in the event is included in the conference fee. Bring your name tag for entry Casa Llotja de Mar, located on the sea front in the historical centre of Barcelona, is one of the most significant and splendid monuments representing the economy and culture of the city. It was built in the second-half of the 14th century, the most brilliant period of Catalan Gothic. The present neoclassical building was constructed in the 18th century on top of the old medieval building. The antagonism of styles makes Casa Llotja a historical FABULOUS BEACH BUFFET DINNER AND FAREWELL PARTY WEDNESDAY, JUNE 19, 20:00-24:00 Opium Mar, Passeig Marítim de la Barceloneta 34, 08003 Barcelona Opium Mar is one of the most popular nightclubs in Barcelona. It’s located in the Barceloneta neighbourhood in Barcelona right next to the beach. Opium Mar is stunningly located under the high palms on the Barcelona seafront, with a grand beach terrace facing the Mediterranean. After midnight it gradually turns into a very trendy nightclub that especially at weekends feature world class DJs - much appreciated by the local party goers. As in most flashy nightclubs from Miami to Beirut drinks can be quite expensive so watch out if staying late. Getting there: Take a taxi (reasonably inexpensive in Barcelona) or (even cheaper) take the underground and find line L4 towards La Pau. Get off at Ciutadella Vila Olímpica. Walk down Sardenya street towards the sea and Opium Mar will be on the right. 42 DRUID Conference 2013 NOMINEES FOR DRUID BEST PAPER AWARD 2013 PAPER NO. 1 “SPATIAL ORGANIZATION OF FIRMS: LOCATION CHOICES THROUGH THE VALUE CHAIN” MERCEDES DELGADO Temple University, Fox School of Business http://www.fox.temple.edu/ Homepage: http://astro.temple.edu/~mdelgado/ JUAN ALCACER Harvard Business School (www.hbs.edu) Homepage: http://www.hbs.edu/faculty/Pages/profile.aspx?facId=178197 ABSTRACT We explore the impact of geographically bounded intra-firm spillovers (internal agglomeration economies) and geographically bounded inter-firm spillovers (external agglomeration economies) on firms? location strategies. Using data from the Census Bureau?s Longitudinal Business Database and the U.S. Cluster Mapping Project, we analyze organic expansions of biopharmaceutical firms (by both new establishments and employment increase in existing establishments) in the U.S. in 1993-2005. We consider all activities in the value chain and allow location choices to vary by R&D, manufacturing, and sales. Our findings suggest that (1) internal and external agglomeration economies have separate, positive impacts on location, with relevant differences by activity; (2) internal economies of agglomeration arise within an activity (e.g., among plants) and across activities (e.g., between manufacturing and sales); (3) the effects of internal economies vary by activity and type of organic expansion; and (4) across-activity internal economies are asymmetric. Nominees for DRUID Best Paper Award 2013 PAPER NO. 2 “FEMALE ENTREPRENEURSHIP AND ALTERNATIVE OPPORTUNITIES INSIDE AN ESTABLISHED FIRM” ALEKSANDRA KACPERCZYK MIT Sloan School of Management: http://olenka.scripts.mit.edu Homepage: http://olenka.scripts.mit.edu ABSTRACT Using unique data on mutual funds founded between 1979 and 2005, I assess gender differences in venturing rates. Findings indicate that women are less likely than men to leave current employment to become entrepreneurs. However, female employees are more likely to pursue alternative venturing routes available inside an established organization. The results further show that two main considerations account for higher rates of female-founded ventures inside organizations. First, by launching new ventures internally, women are able to take advantage of the family benefits associated with paid employment. Second, female employees perform better when launching internal rather than external ventures. Overall, the study implies that the rates of female-founded ventures tend to be higher than it has been generally assumed. 43 44 DRUID Conference 2013 PAPER NO. 3 “EARLY GROWTH PROCESS AND PATHS OF NEW SCIENCE-BASED FIRMS” MARCELA MIOZZO Manchester Business School, University of Manchester Homepage: http://www.manchester.ac.uk/research/marcela.miozzo/ LORI DIVITO International Business School, Amsterdam University of Applied Sciences Homepage: http://www.carem.hva.nl/medewerker/lori-divitio/ ABSTRACT This paper explores the early growth process and paths of newly-established science-based firms. Drawing on a study of 18 biopharmaceutical firms in the UK and 17 in the Netherlands, we find that the development of early fundraising, managerial and technological capabilities is an unfolding and interrelated process. We also find that the dual feature of profound and persistent (scientific) uncertainty surrounding R&D and the potential of very high (monetary, reputational) returns that characterize these firms influences early firm formation. Using process analysis, we identify three paths of early growth: immediate, gradual and arrested set-up. In discussing the various paths, we illuminate the institutional influences affecting how early growth unfolds. Nominees for DRUID Best Paper Award 2013 PAPER NO. 4 “THE BEST OF BOTH WORLDS: THE BENEFITS OF SPECIALIZED-BROKERED AND DIVERSE-CLOSED SYNDICATION NETWORKS FOR NEW VENTURE SUCCESS” ANNE TER WAL Assistant Professor, Innovation & Entrepreneurship Group, Imperial College Business School, London (UK) (http://www3.imperial.ac.uk/business-school/research/ innovationandentrepreneurship) Homepage: http://www3.imperial.ac.uk/people/a.terwal OLIVER ALEXY Technische Universität München, TUM School of Management (www.wi.tum.de) Homepage: http://www.ent.wi.tum.de/team/oliver-alexy/ Jörn Block: Universität Trier, Chair of Management (http://www.uni-trier.de) & Erasmus University Rotterdam, Erasmus Institute of Management (http://www. erim.eur.nl/) Homepage: http://www.uni-trier.de/index.php?id=45461 Philipp Sandner: Technische Universität München, TUM School of Management (www.wi.tum.de) & Munich Innovation Group (www.munich-innovation.com ) Homepage: http://www.strategy.wi.tum.de/?id=115 ABSTRACT The social capital literature has featured a long-lasting debate on whether brokerage or closure represent higher-value information advantages. We maintain that this tension cannot be fully resolved without recurring to explanations of actor diversity, arguing that brokerage is of most value in networks with high actor similarity, whilst closure is most beneficial in networks with high diversity. In the context of newly funded ventures attempting to attract additional funding, we argue that they are most likely to succeed if their first-round investors have either specialized-brokered or diverse-closed networks. These balanced representations of social capital allow the venture to simultaneously reap in-depth and broad information from their investors? syndication networks. By contrast, advice emerging from diverse-brokered or specialized-closed syndication networks is of limited value to the venture, representing situations of under- and overembeddedness respectively. Our empirical setting is based on CrunchBase data that covers all venture capital investments in the US Information Technology Industry between 2005 and 2010. Controlling for the quality of the venture, we find strong support for our predictions. 45 46 DRUID Conference 2013 NOMINEES FOR THE STEVEN KLEPPER AWARD FOR EXCELLENCE IN RESEARCH BY A YOUNG SCHOLAR PAPER NO. 1 “COMMUNITY-SPANNING, NETWORKSPANNING, AND SCIENTIST INNOVATIVENESS” MARTIN C. GOOSSEN Department of Strategy, HEC Paris, France Website:http://www.hec.edu/Ph.D/Students/Martin-GOOSSEN ABSTRACT This is an exploratory study on the innovativeness of intra-organizational community-spanning and networkspanning scientists. While a large body of the boundary-spanning literature deals with the role of employees crossing organizational, divisional or team boundaries, little is known regarding the effects of spanning communities and networks revolving around different scientific fields. In this study we focus on the medical devices industry where R&D is located at the intersection of medical and technical knowledge. We posit that scientists involved in both communities come across more recombinant opportunities, which increases their innovativeness. This effect will be stronger if they have strong professional connections in both communities, but knowledge diversity makes it questionable if they could successfully take advantage of brokering opportunities. Results from a longitudinal dataset of scientists indicate that community-spanning and network-spanning scientists are indeed more innovative, but that effect reduces with the size of their professional network. The findings of this study contribute to the research on boundary spanners, intra-organizational communities and networks, and recombinant innovation. Nominees for the Steven Klepper Award for Excellence in Research by a Young Scholar PAPER NO. 2 “OPENING UP BUT STAYING LOCAL: INSIGHTS FROM PARTNERSHIP FORMATIONS BETWEEN ESTABLISHED AND STARTUP FIRMS” THOMAS KLUETER The Wharton School University of Pennsylvania 3620 Locust Walk, Philadelphia PA 19104-6370, USA Tel: 1 215-267-231-1643 E-mail: [email protected] School Homepage: https://mgmt.wharton.upenn.edu/ Home page: https://mgmt.wharton.upenn.edu/profile/1395/ ABSTRACT In this paper, we combine perspectives on organizational myopia and organizational learning to investigate how success and failure shapes the reaction of established firms to external partnering opportunities. We provide a dynamic model in which the general tendency of firms to search locally is moderated by their history of prior failure and prior success in R&D. We argue that while prior failure is important to firms? consideration of novel technological solutions, prior success can make them more receptive to solutions at an earlier stage of development. We examine potential and realized partnerships between established and startup firms for 889 emerging technological opportunities in thebio-pharmaceutical industry between 1997 and 2006 and find support for our theoretical model. The study provides insights into how established firms notice, interpret, and respond to emerging partnering opportunities and explicates the role of prior success and failure affecting different myopic tendencies in organizational search. 47 48 DRUID Conference 2013 PAPER NO. 3 “DRIVERS OF FIRM GROWTH: MICRO-EVIDENCE FROM INDIAN MANUFACTURING” NANDITHA MATHEW Dipartimento di Scienze Economiche, Università degli Studi di Pisa, Italy Personal homepage: http://ideas.repec.org/f/pma1785.html#affiliation Home page: http://www.dse.ec.unipi.it/ ABSTRACT India witnessed an economic transformation in the past two decades. The paper examines the factors affecting the economic performance of manufacturing sector in India at a disaggregated level. The study presents micro evidence on firm dynamics for enterprises in Indian Manufacturing sectors on the grounds of Prowess database provided by the Centre for Monitoring Indian Economy (CMIE), covering the period 1991-2010. The parameterization of the distributions of growth exhibit high level heterogeneity displayed among firms even within the same sector, which widens over time. The transition probabilities matrix reveals the coexistence of firms with very different characteristics and performance within sectors. Given the wide heterogeneities, the paper resorts to quantile regression to identify the differential effect of regressors at different deciles of the conditional distribution. The paper finds positive relation between profitability and growth of firms. However, there is inconclusive evidence on the benefits from firms? exporting and R&D activities. Nominees for the Steven Klepper Award for Excellence in Research by a Young Scholar PAPER NO. 4 “DEFERRED PATENT EXAMINATION” ILJA RUDYK INNO-tec - Institute for Innovation Research, Technology Management and Entrepreneurship Chair of Prof. Dietmar Harhoff, Ph. D. Ludwig-Maximilians-University Munich http://www.en.inno-tec.bwl.uni-muenchen.de/index.html Homepage:http://www.ip.mpg.de/en/pub/mcier/people/assistants/rudyk.cfm ABSTRACT Most patent systems allow applicants to defer patent examination by some time. Deferred examination was introduced in the 1960s, first at the Dutch patent office and subsequently in many other countries, as a response to mounting backlogs of unexamined patent applications. Some applicants allow the examination option to lapse and never request examination once they learn about the value of their invention. Examination loads are reduced substantially in these systems, albeit at the cost of having a large number of pending patent applications. Economic models of patent examination and renewal have largely ignored this important feature to date. We construct a model of patent application, examination and renewal in which applicants have control over the timing of examination and study the tradeoffs that applicants face. Using data from the Canadian patent office and a simulated GMM estimator, we obtain estimates for parameter values of the value distributions and of the learning process. We use our estimates to assess the value of Canadian patents as well as applications. We find that a considerable part of the value is realized before a patent is even granted. In addition, we simulate the counterfactual impact of changes in the deferment period. The estimates we obtain for the value of one additional year of deferment are relatively high and may explain why some applicants embark on delay tactics (such as continuations or divisionals) in patent systems without a statutory deferment option. 49 50 DRUID Conference 2013 LIST OF PARTICIPANTS Name University Adina D Sterling Washington University Ahreum Lee Temple University Aija Leiponen Cornell University Aimilia Protogerou National Technical University of Athens Ajay Bhaskarabhatla Erasmus School of Economics Albert Sune Universitat Politecnica de Catalunya Alberto Albahari Universidad de Malaga Aleksandra Kacperczyk MIT Aleksios Gotsopoulos IE Business School Alex Coad University of Sussex, DRUID, Aalborg University Alexander Schiersch DIW Alexander van der Vooren Utrecht University Ali Mohammadi Politecnico di Milano Alina Lidén Blekinge Institute of Technology Allard van Mossel Utrecht University Ammon Salter Imperial College London Ana Fernandez-Zubieta Spanish National Research Council Ana Luiza Burcharth University of Aarhus Andrea Fosfuri Bocconi University Andrea Guenster ETH Andrea Mina University of Cambridge Andrea Morrison Utrecht University Andreas Braun University of Potsdam Andreas Mattig University of St Gallen Andrés Barge-Gil Universidad Complutense de Madrid Anita McGahan University of Toronto Anke Piepenbrink Azerbaijan Diplomatic Academy Anna Maria Lis Gdansk University of Technology Annalisa Caloffi University of Padova Anne Plunket Paris Sud Anne ter Wal Imperial College London Annemarie Østergaard DRUID, Aalborg University Annika Lorenz Technische Universität Berlin Annika Rickne Gothenburg University Ann-Kathrin Blankenberg University of Kassel Antoine Vernet Imperial College London April M Franco University of Toronto Arianna Martinelli Scuola Superiore Sant'Anna Arjan Markus DRUID, Copenhagen Business School Augustí Canas Universitat Oberta de Catalunya Bart Leten KU Leuven Beatrice D'Ippolito Grenoble Ecole de Management 51 List of Participants Name University Ben Martin Univeristy of Sussex Benjamin Balsmeier KU Leuven Beth Webster University of Melbourne Bettina Lynda Bastian American University of Beirut Bilgehan Uzunca IESE Business School Björn Asheim Lund University Boris Lokshin Maastricht University Bram Timmermans DRUID, Aalborg University Brian Wixted Simon Fraser University Brian S. Silverman University of Toronto Bruce Kogut Columbia Business School Bryn Lander University of British Columbia Carla Valentina Bustamante University of Colorado at Boulder Carlos Arruda FDC Fundação Dom Cabral Carlos A. Benavides-Velasco University of Malaga Carolina Castaldi Eindhoven University of Technology Celia Torrecillas University of Jaén Cesare Antonio Fabio Riillo STATEC Cher Li University of Nottingham Christian Berggren Linköping University Christian Essling Ifo Institute for Economic Research at the University of Munich Christian Sternitzke Süd Beteiligungen GmbH Christian Richter Østergaard DRUID, Aalborg University Christoph Grimpe DRUID, Copenhagen Business School Christopher Don Simms University of Portsmouth Christos Kolympiris Wageningen University and Research Center Chung-Lin Tsai University of Cambridge Cindy Lopes Bento K.U.Leuven Cristina Quintana-Garcia University of Malaga Dan Breznitz Georgia Institute of Technology Dan Kaufmann Ben Gurion University Daniel Ehls Hamburg University of Technology Daniel Schiller Lower Saxony Institute for Economic Research (NIW) Daniel C. Snow Brigham Young University Daniel Stefan Hain DRUID, Aalborg University Daniela Bolzani University of Bologna, Italy Dara Szyliowicz University of the Pacific Daria Zvirgzde Leibniz University Hanover David Bardolet Bocconi University David Bryce BYU Marriott School David Marek Charles University in Prague, Faculty of Science Davide Consoli CSIC-Universidad Politécnica de Valencia, Spain Deepa Mani Indian School of Business Deniz Yoruk University of Sussex Diane Burton Cornell University Diego Useche University of Bordeaux Diego Zunino Boston University School of Management 52 DRUID Conference 2013 Name University Dietmar Harhoff Munich Center for Innovation and Entrepreneurship Research (MCIER), Max Planck Institute Dioni Elche Castilla-La Mancha Dmitry Sharapov Imperial College London Dutt Dev Harsha Tadikonda Indian School of Business Einar Rasmussen University of Nordland Eirik Sjöholm Knudsen NHH Norwegian School of Economics Elif Bascavusoglu-Moreau University of Cambridge Elisa Giuliani University of PISA Elisa Villani University of Bologna Elisabeth Bublitz Friedrich Schiller University Jena Elisabetta Marinelli IPTS - European Commission Elizabeth Lyons University of Toronto Emanuele Pugliese Scuola Superiore Sant'Anna Energy Maradza University of Reading Enrico Pennings Erasmus University Rotterdam Erik Andreas Saether NTNU Eunkyung Park DRUID, Aalborg University Éva Komlósi Pécsi Tudományegyetem Fabrice Galia Burgundy School of Business - Groupe ESC Dijon Bourgogne - Dijon Paris Fabrice L. Cavarretta ESSEC Business School Federico Tamagni Scuola Superiore Sant'Anna Felicia Fai University of Bath Felipe Monteiro INSEAD Felix Claus Möller Leibniz Institute for Regional Development Ferdinand Jaspers Rotterdam School of Management, Erasmus University Fernando F Suarez Boston University School of Management Fiona Lettice University of East Anglia Fiorenza Belussi University of Padova Florenta Teodoridis University of Toronto/Rotman School of Management Florian A. Täube EBS University for Business and Law Francesca Melillo DRUID, Copenhagen Business School Francesco Quatraro Université4 de Nice Sophia Antipolis Francesco Rullani LUISS Guido Carli Francesco D. Sandulli Complutense University Frank Neffke Harvard University Frank van Rijnsoever Utrecht University Frederik Riar WHU - Otto Beisheim School of Management Friedemann Polzin EBS University for Business and Law Friedrich Dornbusch Fraunhofer Institute for Systems and Innovation Research Gabriele Pellegrino University of Barcelona Gaétan de Rassenfosse The University of Melbourne George Chondrakis University of Oxford Gerhard Fuchs Stuttgart University Gianluigi Giustiziero University of Michigan Gil Avnimelech Ono Academic College Giovanni Marin CNR 53 List of Participants Name University Gloria Sánchez-González University of Leon Gordon Walker Southern Methodist University Goretti Cabaleiro Cerviño Universidad Carlos III de Madrid Graham Dundas Peterson University of Chicago Grazia D Santangelo University of Catania Guido Buenstorf University of Kassel Hanna Hottenrott K.U.Leuven Harald Bathelt University of Toronto Hart Posen University of Wisconsin Hartmut Hirsch-Kreinsen Dortmund University of Technology Heli Anita Koski The Research Institute of the Finnish Economy Helle Alsted Søndergaard University of Aarhus Henry Lahr University of Cambridge Henry Lopez Vega Linkoping University Henry Sauermann Georgia Institute of Technology Hiram M. Samel Massachusetts Institute of Technology Ho Kim Koreatech Holger Graf Friedrich Schiller University Jena Hugo Zarco-Jasso University of Navarra Hye-Ran Hwang Daejeon Development Institute Ilja Rudyk Ludwig-Maximilians-Universität Ines Andújar CSIC Ipsita Roy Friedrich Schiller University Jena Isabel Maria Bodas Freitas Grenoble Ecole de Management & DISPEA, Politecnico di Torino Ismael Rafols University of Sussex and Polytechnic University of Valencia Ivan Zupic University of Ljubljana J. Piet Hausberg LUISS Guido Carli Jacob Ravn Aalborg University Jae-Yun Ho University of Cambridge Jan Hohberger University of Technology Sydney Janaina Pamplona da Costa University of Campinas Janet Bercovitz University of Illinois at Urbana-Champaign Jan-Michael Ross Imperial College London Janne M. Korhonen Aalto University Javier Papa Friedrich-Schiller University Jena / Max Planck Institute of Economics Jeanette Hvarregaard DRUID, Aalborg University Jeffrey Furman Boston University Jenny Gibb The University of Waikato Jens Horbach University of Applied Sciences Augsburg Jesper Lindgaard Christensen DRUID, Aalborg University Jian-Hang Wang National Tsing Hua University Jingshu Du Vlerick Business School Joeri Wesseling Utrecht University John A. Mathews Macquarie University John M. de Figueiredo Duke University Jojo Jacob UNU-MERIT Jose Garcia-Quevedo University of Barcelona 54 DRUID Conference 2013 Name University José Lejarraga IE University - IE Business School Juan Martin Carriquiry DRUID, Aalborg University Julia I. Lane American Institutes for Research Julie Delanote KU Leuven Julien Pénin University of Strasbourg Jörg Claussen DRUID, Copenhagen Business School Kannan Srikanth DRUID, University of Southern Denmark Karen Ruckman Simon Fraser University Karin Beukel DRUID, Copenhagen Business School Karin Hoisl Ludwig-Maximilians-University Katrin Hussinger University of Luxembourg Kazuyuki Inoue Toyota Central R&D Labs. Keld Laursen DRUID, Copenhagen Business School Kenny Ching Massachusetts Institute of Technology Kieran O'Brien University of Tasmania Kolbe Linn VU University Krister Salamonsen University of Nordland Kristina McElheran Harvard Business School Larissa Rabbiosi Copenhagen Business School Lars Frederiksen Aarhus University Lars Håkanson Copenhagen Business School Lasse Becker Georg-August-University Göttingen Lasse B. Lien Norwegian School of Economics NHH László A. Szerb University of Pécs Laurina Zhang University of Toronto Liliana Herrera University of Leon Llewellyn D. W. Thomas Imperial College London Lorenzo Ardito Politecnico di Bari Lorenzo Zirulia University of Bologna Lori DiVito Amsterdam University of Applied Sciences Luca Grilli Politecnico di Milano M. Isabella Leone LUISS Guido Carli University M. Luisa Flor Universitat Jaume I Magdalena Dobrajska Copenhagen Business School Maggie Qiuzhu Mei DRUID, Copenhagen Business School Magnus Gulbrandsen University of Oslo Manuel Platero-Jaime Universidad Europea de Madrid Marcela Miozzo The University of Manchester Marco Bettiol University of Padova Marco Corsino University of Bologna Margaret Dalziel University of Waterloo Maria Daskalakis University of Kassel Maria Savona University of Sussex Maria Cecilia Junqueira Lustosa Université Bordeaux 4 Maria Patrizia Vittoria National Research Council (CNR) Marianne Steinmo University of Nordland Marion Kristin Poetz DRUID, Copenhagen Business School 55 List of Participants Name University Mark Lorenzen DRUID, Copenhagen Business School Markus Becker DRUID, University of Southern Denmark Markus Simeth Ecole Polytechnique Fédérale de Lausanne (EPFL) Markus M. Bugge NIFU Martha Gabriela Contreras Maastricht University Martin Kenney UC Davis Martin C. Goossen HEC Paris Mary Benner University of Minnesota Maryann Feldman University of North Carolina Matte Hartog Utrecht University Matthew Mitchell University of Toronto Matthijs Janssen Eindhoven University of Technology Maximilian Goethner Friedrich Schiller University Jena Meera Sarma Northumbria University Mehdi Safavi University of Edinburgh Business School Mei HC Ho National Taiwan University of Science & Technology Mercedes Delgado Temple University, Fox School of Business Mercedes Teruel Carrizosa Universitat Rovira i Virgili Mette Præst Knudsen DRUID, University of Southern Denmark Michael Raven ESMT European School of Management and Technology Michael Ward Universtiy of Texas in Arlington (UTA) Michael R. Peneder Austrian Institute of Economic Research (WIFO) Michael S. Dahl DRUID, Aalborg University Michaela Fuchs Institute for Employment Research Mihai Ibanescu UQAM Mika Pajarinen The Research Institute of the Finnish Economy Milan Miric DRUID, Copenhagen Business School Mirbella Gallareta University of Caribe Mirjam Van Praag University of Amsterdam Mohammed Shamsul Karim Aston University Monika Hartmann LUISS Guido Carli Nadia Saad Noori Carleton University Nadika Anuruddhi Bulathsinhala DRUID, University of Southern Denmark Nadine Roijakkers Hasselt University Nanditha Mathew Universita di Pisa Neil Marshall Kay Heriot-Watt University Nobuya Fukugawa Tohoku University Noni T. Eirini Symeonidou Imperial College London Nuria González-Álvarez University of Leon Nuria Nadal ESADE Business School, Universitat Ramon Llull Oliver Baumann DRUID, University of Southern Denmark Oliver Som Fraunhofer Institute for Systems and Innovation Research ISI Omid Omidvar Manchester Business School Oscar Llopis Polytechnic University of Valencia and University of Valencia Pablo D'Este Polytechnic University of Valencia Paola Criscuolo Imperial College Pao-Lien Chen National Tsing Hua University 56 DRUID Conference 2013 Name University Patrick Llerena University of Strasbourg Paul Benneworth Universtiy of Twente Paul Ryan National University of Ireland Paul Steffens Queensland University Of Technology Paul Raymond Newbury University of Queensland Paulo N Figueiredo Getulio Vargas Foundation (FGV) Pawel Glodek University of Lodz Pedro de Faria University of Groningen Pek-Hooi Soh Simon Fraser University Peter Maskell DRUID, Copenhagen Busines School Philipp Boeing Frankfurt School of Finance & Management GmbH Philipp Tuertscher WU Vienna Pier Vittorio Mannucci HEC Paris Pietro Versari LUISS Guido Carli Rafael Boix Domenech Universitat de Valencia Rafael A Corredoira University of Maryland Raquel Ortega-Argilés University of Groningen Rebecca Henderson Harvard University Rene Belderbos KU Leuven Riccardo Leoncini University of Bologna Richard Tee École polytechnique fédérale de Lausanne - EPFL Ronald Klingebiel University of Warwick Rudi Bekkers Eindhoven University of Technology Sam Arts KU Leuven Sampsa Samila National University of Singapore Sandro Giachi CSIC Sandro Montresor University of Bologna Sarah Lubik Simon Fraser University Seidali Kurtmollaiev Norwegian School of Economics (NHH) Sergio Palomas Universidad de Zaragoza Seyed Kamran Bagheri Scuola Superiore Sant'Anna Sheryl Winston Smith Temple University Shreosi Sanyal Hasselt University Shu-Chen Chang National Tsing Hua University Sidney Winter Wharton School Silvia Rita Sedita University of Padova Simone Vannuccini Friedrich-Schiller-Universität Jena Siping Luo Tsinghua University Siri Jakobsen University of Nordland Siw Marita Fosstenløkken University of Oslo Slavo Radosevic UCL - University College London Solmaz Filiz Karabag Linköping University Solon Moreira DRUID, Copenhagen Business School Sorin Marius Sebastian Krammer Groningen University Stefan Krabel University of Kassel Stefano Baruffaldi EPFL Steffen Keijl Tilburg University 57 List of Participants Name University Stephan Billinger DRUID, University of Southern Denmark Susanne Hinzmann Friedrich Schiller University Jena Susanne Roiser WU Vienna Tamara Stucchi Technical University of Denmark Tammy Madsen Santa Clara University Tarmo Kalvet Tallinn University of Technology Terence P C Fan Singapore Management University Theresa Veer Technische Universität Berlin Thomas Klueter The Wharton School Thorsten Grohsjean LMU Munich Tina Wolf Friedrich Schiller University Jena Tina Lundø Tranekjer DRUID, University of Southern Denmark Tommy Höyvarde Clausen Nordland Research Institute Torben Schubert Fraunhofer ISI Udo Zander Stockholm School of Economics Valentina Tartari DRUID, Copenhagen Business School Valeria Lorenzi Universitá degli studi di Milano Bicocca Venkat Kuppuswamy University of North Carolina at Chapel Hill Victor Seidel University of Oxford Virginie Tuong Vi Maghe Université Libre de Bruxelles Vitor Hugo Santos Ferreira Polytechnique Institute of Leiria Vivek Tandon National University of Singapore Wesley M. Cohen Duke University Wilfried Ehrenfeld Halle Institute for Economic Research Wim Vanhaverbeke Hasselt University Wolfgang Sofka Copenhagen Business School Xingyuan Zhang Okayama University Yannis Caloghirou National Technical University of Athens Ying Zhu Kyushu University Yongwook Paik University of Southern California Yoshifumi Nakata Doshisha University YuanPo Lin National Tsing Hua University Yulia Muzyrya Boston University Yuliya Snihur IESE Yumiko Okamoto Doshisha University Zahra Solouki ESADE 58 DRUID Conference 2013 LIST OF EXTERNAL REVIEWERS Name University Aija Leiponen Aimilia Protogerou Alessandro Narduzzo Alex da Mota Pedrosa Alexandra Zaby Alina Rusakova Amit Jain Ana Ferro Anant Kamath Andre Lorentz Andrea Fosfuri Andrea Mina Andrea Morrison Andrés Barge-Gil Angela Vasquez Urriago Anne ter Wal Antonio Petruzzelli April Franco Beatrice D'Ippolito Bernhard Dachs Bernhard Ganglmair Bettina Peters Bianca Poti Birgit Aschhoff Boris Lokshin Brian Wixted Catherine Beaudry Catherine Lecocq Cees Beers Cher Li Chiara Franco Christian Sternitzke Cindy Lopes-Bento Claudia Werker Cristina Quintana-Garcia Cristina Rossi-Lamastra Cristina Sousa Daniel Ljungberg Daniel Oehling Daniel Snow Daniele Rotolo David Doloreux David Wolfe Dirk Czarnitzki Edlira Shehu Elena Cefis Elena Novelli Elif Bascavusoglu-Moreau Eric Brouillat Fabrice Galia Floortje Alkemade Florian Täube Cornell University National Technical University of Athens Free University Bozen-Bolzano University of Southern Denmark University of Tuebingen Friedrich-Schiller-University Jena National University of Singapore University of Campinas - UNICAMP UNU-MERIT University of Technology Belfort-Montbéliard Bocconi University University of Cambridge Utrecht University Complutense Universidad Carlos III de Madrid Politecnico di Bari University of Toronto Scarborough University of Manchester AIT Austrian Institute of Technology University of Texas at Dallas National Research Council Centre for European Economic Research (ZEW) Maastricht University Simon Fraser University KU Leuven Delft University of Technology Nottingham University Catholic University of the Sacred Heart of Milan CFH Beteiligungsgesellschaft mbH CEPS/KU Leuven Delft University of Technology Universito of Málaga POLIMI ISCTE-IUL University of Gothenburg University of Munich (LMU) BYU University of Sussex University of Ottawa University of Toronto KU Leuven Uni Hamburg University of Bergamo City University London University of Cambridge University of Bordeaux Burgundy School of Business - Dijon - Paris Utrecht University EBS Business School 59 List of Reviewers Name University Francesco Di Lorenzo Francesco Rentocchini Francesco Rullani Francisco Fatas-Villafranca Francisco Lima Frank Neffke Franz Huber Franz Schwiebacher Fulvio Castellacci Gautan de Rassenfosse Gerard Ballot Gil Avnimelech Giovanni Marin Giuliana Battisti Gloria Sanchez-Gonzalez Gordon Walker Grazia Santangelo Hanna Hottenrott Hartmut Hirsch-Kreinsen Heli Koski Henry Sauermann Hung-hsiang Kao Isabel Freitas Isabel Salavisa J. Piet Hausberg J.P. Eggers Jacob Holm Jae-Hwan Park Jaider Vega-Jurado Jenny Gibb Jerome Davis Jesper Christensen Jingshu Du Joost Heijs Jorge Gallego Juan Mateos-Garcia Kai-Jie Wong Karin Hoisl Katrin Hussinger Koen Frenken Konstantinos Grigoriou Kristina Andersen Larissa Rabbiosi Lars Alkaersig Lars Frederiksen Leon Zucchini Liang-Chih Chen Liliana Herrera Liney Henríquez Lorenzo Zirulia Louise Mors Lubomir Lizal Ludovic Dibiaggio Maj Andersen Marco Bettiol Marco Giarratana ESADE Business School University of Trento LUISS Guido Carli University of Zaragoza Instituto Superior Técnico, Technical University of Lisbon Harvard University University of Southampton Center for European Economic Research (ZEW) NUPI Université Paris-Sorbonne Ono Academic College CNR - Consiglio Nazionale delle Ricerche The University of Wawick University of León (Spain) SMU University of Catania K.U.Leuven Dortmund University of Technology The Research Institute of the Finnish Economy (ETLA) Georgia Institute of Technology III Grenoble Ecole de Management & Politecnico di Torino ISCTE - IUL LUISS Guido Carli New York University Aalborg University University of Cambridge Universidad del Norte University of Waikato Dalhousie University/CBS Aalborg University Vlerick Business School Compluetnse University Madrid University of Alcala University of Brighton/Nesta National Taiwan University University of Luxembourg Eindhoven University of Technology Florida International University Copenhagen Business School DTU Aarhus University LMU Munich National Taiwan University Universidad de Leon Universidad Autónoma del Caribe University of Bologna Copenhagen Business School CERGE-EI, CNB SKEMA Technical University of Denmark University of Padova Bocconi University 60 DRUID Conference 2013 Name University Margaret Dalziel Margarida Fontes Maria Savona Mariano Nieto Mark Freel Markus Perkmann Martin Goossen Maryam Nasiriyar Maryann Feldman Masatoshi Kato Massimo Colombo Matthias Hoffmann Michael Bikard Michael Fritsch Mika Pajarinen Mollie Taylor Myriam Mariani Nadine Roijakkers Nils Stieglitz Nobuya Fukugawa Nola Hewitt-Dundas Oliver Alexy Orietta Marsili Otto Raspe Pablo D'Este Pamela Adams Paola Criscuolo Paolo Pini Paul Kattuman Paulo Figueiredo Pedro de Faria Pertti Aaltonen Peter Bryant Philipp Tuertscher Pier Patrucco Pierpaolo Parrotta Pierre Barbaroux Pierre-Alexandre Balland Raffaele Conti Raphael Suire Riccardo Leoncini Richard Tee Rick Aalbers Roberto Fontana Ronald Klingebiel Rudi Bekkers Rui Baptista Sabine Brunswicker Sampsa Samila Samuel MacAulay Sandro Montresor Shinya Suzuki Silvia Sedita Simone Ferriani Sougand Golesorkhi Spyros Arvanitis University of Waterloo LNEG University of Sussex Universidad de Leon University of Ottawa Imperial College London HEC Paris ESc Rennes School of Business University of North Carolina Kwansei Gakuin University Politecnico di Milano University of St.Gallen MIT Sloan Friedrich Schiller University Jena, Germany The Research Institute of the Finnish Economy (ETLA) Georgia Institute of Technology Bocconi University Hasselt University Frankfurt School of Finance & Management Tohoku University Queen's University Belfast Erasmus University PBL Netherlands Environmental Assessment Agency Polytechnic University of Valencia - Spanish Council for Scientific Research Franklin College Switzerland UNIFE University of Cambridge Getulio Vargas Foundation FGV University of Groningen Aalto University IE Business School WU Vienna University of Torino Aarhus University and University of Lausanne French Air Force Research Center Utrecht University Catolica Lisbon Business and Economics University of Rennes 1 University of Bologna EPFL Radboud University Warwick Business School Eindhoven University of Technology Instituto Superior Técnico, Technical University of Lisbon Fraunhofer NUS Business School Imperial College London University of Bologna NISTEP University of Padova Bologna Manchester Metropolitan University Business School ETH Zurich 61 List of Reviewers Name University Stefan Krabel Stefanie Lernbecher Stefano Miraglia Stephan Billinger Stephen Roper Terence Fan Theresa Veer Thiago Caliari Thierry Burger-Helmchen Thorsten Grohsjean Tim Kastelle Tobias Kretschmer Tobias Schmidt Tom Broekel Torben Schubert Ulrich Kaiser Viktor Slavtchev Wilfred Dolfsma Wim Vanhaverbeke Yannis Caloghirou Yun-kyung Whang University of Kassel HYVE - the innovation company Imperial College London University of Warwick Singapore Management University Technische Universität Berlin UNIFAL-MG University of Strasbourg LMU Munich University of Queensland LMU Munich Deutsche Bundesbank Leibniz University of Hanover Lund University/ Fraunhofer ISI Uni Zürich Halle Institute for Economic Research University of Groningen Hasselt University National Technical University of Athens University of Sussex 62 DRUID Conference 2013 THE DRUID SCIENTIFIC ADVISORY COMMITTEE 2011-2013 CHAIRMAN: ANITA MCGAHAN Anita M. McGahan chairs DRUID’s Scientific Advisory Board. She is Associate Dean for Research, Director of the PhD Program, and Professor of Strategic Management at the Rotman School of Management at the University of Toronto. McGahan is also a Senior Associate at the Institute for Strategy and Competitiveness at Harvard University, the Chief Economist at the Massachusetts General Hospital’s Division for Global Heath and Human Rights, and a past president of the Academy of Management’s Business Policy & Strategy Division. GAUTAM AHUJA Dr. Gautam Ahuja is the Harvey C. Fruehauf Professor of Business Administration and Professor of Strategy at the Ross School of Business at the University of Michigan. His research interests focus on how firms use technology to gain and exploit competitive advantage. He has served or is serving as Associate Editor for the journal, Management Science, a Senior Editor for the journal Organization Science and as a member of the Editorial Board for the journals, Academy of Management Review, Administrative Science Quarterly, Strategic Management Journal, and Strategic Organization MARK DODGSON Mark Dodgson is Director of the Technology and Innovation Management Centre at the University of Queensland Business School and is a member of the Board of Directors of Nestlé Australia and Thiess Pty Ltd. He has researched innovation in over 50 countries and has produced 13 books and over 100 academic articles and book chapters on the subject. He is on numerous Editorial Boards and is editor-in-chief of Innovation: Management, Policy and Practice. MARYANN FELDMAN Maryann Feldman is the S.K. Heninger Distinguished Chair in Public Policy at the University of North Carolina, Chapel Hill. Her research and teaching interests focus on the areas of innovation, the commercialization of academic research and the factors that promote technological change and economic growth. A large part of Dr. Feldman’s work concerns the geography of innovation – investigating the reasons why innovation clusters spatially and the mechanisms that support and create industrial agglomerations of innovation. Her current work examines the logic of economic development and the use of innovative data sources to understand regional economic dynamics. She is studying the industrial genesis of the Research Triangle Region to understand how the economy developed and the role played by public policy. The DRUID Scientific Advisory Committee 2011-2013 ANDREA FOSFURI Andrea Fosfuri is a Full Professor at the Department of Management and Technology at Bocconi University. He holds a PhD in Economics from University Pompeu Fabra (Barcelona) and a Licentiate degree in Management from the University of Urbino. Previously he was a faculty member (1998-2012) of the Department of Business Administration of University Carlos III (Madrid), which he chaired during the period 2009-2011. He also taught at Boston University, IESE Business School and Carnegie Mellon University and was research affiliate of the Centre for Economic Policy Research (CEPR). He is an Associate Editor of Management Science for the Strategy Division, and editorial board member of the Academy of Management Review and Strategic Management Journal. Along with Ashish Arora and Alfonso Gambardella, Andrea is a co-author of Markets for Technology: Economics of Innovation and Corporate Strategy, published by MIT Press. His recent studies examine the internal organization of licensing activity, the interaction between product and technology strategies, the determinants and implications of “green” patenting, and the virtues and limitations of community-focused strategies. ALFONSO GAMBARDELLA Alfonso Gambardella (PhD, Stanford 1991) is Professor of Corporate Management at the Università Commerciale “Luigi Bocconi”, Milan, Italy, where he is also Dean of the PhD Programs. His research focuses on business strategy with emphasis on technology, innovation, industry structure and competition. He published several books and articles in a wide range of Journals. His MIT Press book Markets for Technology (with Ashish Arora and Andrea Fosfuri) is widely cited. He is Editor of the European Management Review, and serves on the Editorial Board of Academy of Management Review, Global Strategy Journal, Industrial and Corporate Change, Research Policy, and Strategic Management Journal. His website is www.alfonsogambardella.it MERIC GERTLER Meric Gertler is Professor of Geography and President-Designate of the University of Toronto. He is also the founding co-director of the Program on Globalization and Regional Innovation Systems (PROGRIS) at the Munk School of Global Affairs. His research focuses on the geographical dynamics of innovation, knowledge flows, and creativity. His current work explores these issues within a comparative analysis of urban regions in North America and Europe. Among his best-known publications are Manufacturing Culture: the Institutional Geography of Industrial Practice, and the Oxford Handbook of Economic Geography (which he co-edited with Gordon Clark and Maryann Feldman). AIJA LEIPONEN Aija Leiponen is an associate professor at Cornell University, Dyson School of Applied Economics and Management, and at Imperial College Business School, Imperial College London, and a visiting professor at Aalto University Institute of Strategy. Her research is focused on the organization of innovation activities in firms. Ongoing projects explore the emergence and governance of standards and intellectual property in communication technology industries; field experiments on cooperative behavior in digital communities; and the institutional environment for innovation in emerging economies. Her research has been published in such journals as Management Science, Strategic Management Journal, Organization Science and International Journal of Industrial Organization. She serves on the editorial boards of Strategic Management Journal and Industry and Innovation, and is an elected member of the Academy of Management TIM executive committee (rep-at-large). 63 64 DRUID Conference 2013 DANIEL A. LEVINTHAL Daniel Levinthal is the Reginald H. Jones Professor of Corporate Strategy at the Wharton School, University of Pennsylvania. Levinthal’s research focuses on questions of organizational adaptation and industry evolution, particularly in the context of technological change. FRANCESCO LISSONI Francesco Lissoni is associate professor of economics and GREThA fellow at Montesquieu University (Bordeaux 4). He is also a research fellow of CRIOS, Bocconi University (Milan), where he has been working since 1990. Both his teaching and research activity deal with the economics of technical change. The early papers explored the economics of innovation adoption. More recently he has published on the economics of knowledge diffusion, with special emphasis on its spatial aspects, and the economics of science, with special emphasis on universityindustry technology transfer and intellectual property rights. He is associate editor of Industry&Innovation, a board member of EPIP (European Policy for Intellectual Property), and the chairman of APE-INV, the Research Networking Programme on Academic Patenting in Europe funded by the European Science Foundation. MAUREEN MCKELVEY Maureen McKelvey is Professor of Industrial Management at the School of Business, Economics and Law, University of Gothenburg (www.handels.gu.se). She is also deputy dean of the Graduate School, for Masters programs, and a Research Fellow at the Institute for Management of Innovation and Technology (with working papers under www.imit.se). Her research focuses upon innovation management issues, especially the relationship between firms and the broader societal and political context for innovations. This includes questions of how and why public agencies, users and different types of firms are prepared to make the considerable investment to develop and use new knowledge – and how that is related to economic exploitation of such knowledge, in dynamic environments. She has published numerous articles on the economics and management of innovation, as well as book chapters and books published at Edward Elgar Publishers, Cambridge Univeristy Press, and Oxford University Press. AMMON SALTER Ammon Salter is a Professor in Technology and Innovation Management in the Innovation and Entrepreneurship Group at Imperial College London. He is also the research director of the UK Innovation Research Centre and an associate editor of Industry and Innovation. His current research focuses on the sources of innovation, universityindustry collaboration, and social networks and innovation. The DRUID Scientific Advisory Committee 2011-2013 OLAV SORENSON Olav Sorenson is the Frederick Frank ‘54 and Mary C. Tanner Professor of Management at the Yale School of Management. His research interests include economic geography, economic sociology, entrepreneurship, organizational ecology, the sociology and management of science and technology, and business and corporate strategy. His most extensive line of research examines how social networks affect transactions, thereby shaping the geography and evolution of industries. Although Professor Sorenson has investigated these issues in a wide variety of settings, including banking, biotechnology, and footwear manufacturing, he has most extensively studied the entertainment industries and venture capital. Prior to joining the Yale School of Management, Professor Sorenson held the Jeffrey S. Skoll Chair in Technical Innovation and Entrepreneurship at the University of Toronto’s Rotman School of Management. He has also taught at the University of Chicago, UCLA, and London Business School. BART VERSPAGEN Bart Verspagen holds a PhD from UNU-Merit (1992). He is now Director of UNUMERIT and he is also professor of International Economics at Maastricht University. His research interests include the broad relationship between globalization and technology, intellectual property rights, and industrial economics. SIDNEY G. WINTER Sidney G. Winter is the Deloitte and Touche Professor of Management, Emeritus, at The Wharton School of the University of Pennsylvania. He is the author of An Evolutionary Theory of Economic Change (1982, with Richard Nelson), and of many articles in scholarly journals and symposia. He is an elected fellow of the American Association for the Advancement of Science, the Econometric Society and the Strategic Management Society. His recent research focus has been on the study of management problems from the viewpoint of evolutionary economics. STEVEN KLEPPER It is with great sadness we have been informed that Steven Klepper, a long standing member of the DRUID Scientific Advisory Committee passed away peacefully Monday, May 27, 2013, in his home, surrounded by loved ones, from complications of melanoma. Steve’s contributions to DRUID have been numerous and his approach exceptionally supportive not least regarding the formation of the DRUID Academy for Doctoral Training. Steven was a founding member of the Consortium for Competitiveness and Collaboration that many young DRUIDs have benefited from participating in over the years. He will be deeply missed as a colleague, teacher, commentator and very influential researcher, but most of all as a very good and loyal friend. 65 66 DRUID Conference 2013 THE DRUID MANAGEMENT PETER MASKELL DIRECTOR OF DRUID Peter Maskell is professor at Copenhagen Business School and Director of DRUID. He is member of Academia Europea and chairman of the Governing Board of DIME – the EU Network of Excellence on Dynamics of Institutions and markets in Europe. He has published several books and numerous papers within economic geography, innovation and strategy. He has an extensive record as governmental policy advisor and as chair of the board of Scandinavian corporations. He is former chairman of the Danish Social Science Research Council. JESPER LINDGAARD CHRISTENSEN MEMBER OF THE DRUID SOCIETY BOARD Jesper Lindgaard Christensen has since 1989 been a member of the IKE-research group of Aalborg University, Denmark and DRUID. His research includes various aspects of innovation theory and -policy. He has a broad knowledge on innovation surveys, industry studies, small business finance and entrepreneurship. He is currently managing a research centre on regional development and a research project on development prospects for the Danish food industry. MICHAEL S. DAHL MEMBER OF THE DRUID COOPERATIVE BOARD Michael S. Dahl (MSD) is a Professor of the Economics of Entrepreneurship and Organizations at the Department of Business and Management, Aalborg University, Denmark. He has a PhD in Innovation and Industrial Economics from Aalborg University (2004). Previously, he held visiting scholarships at Carnegie Mellon University, SCANCOR at Stanford University, and Eindhoven Center for Innovation Studies. He has been awarded with the Spar Nord Foundation Research Award (2005), the Tietgen Gold Medal Research Award (2006), the Tuborg Foundation Business Research Award (2001), and the European Management Review Best Paper Award (2009). MSDs research focuses on broad issues related to the organization and performance of new businesses, economic geography, migration, population ecology and health outcomes. This research has been published in journals such as Administrative Science Quarterly, Management Science, Social Forces, Journal of Urban Economics, Research Policy, European Management Review, and Industry and Innovation. He is a member of the board of directors of the Danish Research Unit for Industrial Dynamics (DRUID). Since 2013, he serves the Independent Research Council | Social Science at the Danish Ministry of Science, Innovation and Higher Education. METTE PRÆST KNUDSEN MEMBER OF THE DRUID SOCIETY BOARD Mette Præst Knudsen (MPK) is Professor of Innovation Management at the Department of Marketing & Management, University of Southern Denmark. MPK is Research Manager of the Integrative Innovation Management group. The group pursues inter-disciplinary research on innovation processes and innovation management employing researchers from both Engineering, Marketing and Management. She holds a PhD (1999) from Department of Business Studies, Aalborg University. Her research is focused on three particular research streams: open innovation, sustainable and green innovation, and outsourcing and backshoring of production and research activities. 67 The DRUID Management THORBJØRN KNUDSEN MEMBER OF THE DRUID COOPERATIVE BOARD Professor at the University of Southern Denmark, Department of Marketing and Management, Section for Strategic Organizational Design. KELD LAURSEN MEMBER OF THE DRUID COOPERATIVE BOARD Keld Laursen (KL) is professor of the economics and management of innovation at Copenhagen Business School (CBS). He received his MSc degree from SPRU at the University of Sussex in the United Kingdom (1994) and got his PhD from the University of Aalborg in Denmark in 1998. KL currently serves as vice-president of the European Academy of Management (EURAM). He has served as a member of the Executive Committee of DRUID since 2001. Between 2007 and 2012, KL was been a member of the Danish Social Science Research Council (“the Danish NSF”). He was an elected member of the Executive Committee of the Technology Innovation Management (TIM) Division of the Academy of Management as a Representative-at-Large between 2010 and 2012. KL is the chairman of the national scientific committee that rates academic journals within the field of management research in Denmark. KL has organized and co-organized a number of international conferences, including several vintages of the DRUID Summer Conference; the US rooted CCC (Consortium for Cooperation and Competition) Annual Colloquium for Doctoral Student Research held at Copenhagen Business School in 2009; and the European-based SEI (Strategy Entrepreneurship & Innovation) Doctoral Consortium in 2012. He is director of the CBS Center of Excellence on Open Innovation and Entrepreneurship with 11 faculty members and 9 PhD students associated. KL is the principal investigator on a number of externally funded research projects. KL’s primary area of expertise is in how firms manage innovation to gain competitive advantage with special attention paid to why firms can benefit from participating in open innovation processes. Within this context, KL has focused on the organizational aspects of open innovation and the consequences for innovation performance. His research has been published in outlets such as Strategic Management Journal, Organization Science, Journal of International Business Studies, Journal of Economic Geography and Research Policy. For his research in business economics, KL has been awarded the Tietgen Prize (2002) and Jorck’s Prize (2008). MARK LORENZEN MEMBER OF THE DRUID SOCIETY BOARD Mark Lorenzen is Associate Professor at the Department of Innovation and Organizational Economics, Copenhagen Business School, Denmark. In his research, Mark focuses upon the interplay between innovation and the economic organization of the market, in networks, projects and clusters, currently within the cultural industries. Mark is executive editor of Industry and Innovation, co-director of the imagine. Creative Industries Research centre, and member of the executive committee of the Danish Research Unit for Industrial Dynamics (DRUID). 68 DRUID Conference 2013 WI-FI: WiFi is available at the conference venues and is free of charge. ORGANIZING COMMITTEE: INDUSTRY AND INNOVATION DRUID IS ASSOCIATED WITH THE JOURNAL INDUSTRY AND INNOVATION, CURRENTLY IN ITS 20TH YEAR AND PUBLISHED 8 TIMES ANNUALLY BY ROUTLEDGE. Peter Maskell (Chair) Copenhagen Business School Esteve Almirall ESADE Business School Markus Becker Copenhagen Business School Christoph Grimpe Copenhagen Business School Industry and peting Recombinant Technologies for Environmental I&I PUBLISHES HIGH-QUALITY ORIGINAL SCHOLInnovation: Extending Arthur’s Model of Lock-In (Paolo ARSHIP ON TENDENCIES IN INDUSTRIAL DYNAMZeppini and Jeroen C. J. M. den Bergh), The Impact of ICS, such as the emergence of new industries; restrucSocial Capital on Ideation (Jennie Björk, Fausto Di Vinturing of existing industries; rise of new institutional cenzo, Mats Magnusson and Daniele Mascia), Location and organizational forms; globalization; and other Attributes and Start‐ups in Knowledge‐Intensive Busiaspects of geographical organization. Interdisciplinary ness Services (Martin Andersson and Karin Hellerstedt), in nature, I&I is informed by, and contributes in turn The performance of Gatekeepers in Innovator Networks to, advancing the theoretical frontier within econom(Holger Graf and Jens J. Krüger), ics, organization theory, and The Anatomy of the Creative City economic geography, answering Industsuch ry anas (Patrick Cohendet, David Grandadquestions d What are the Innovation am and Laurent Simon) and Market institutional underpinnings for formation in technological innodifferent organizational forms? vation systems: Diffusion of phoand How are different industrial tovoltaic applications in Germany structures and institutions re(Ulrich Dewald and Bernard Tuffer). lated to innovation patterns and Industry and I&I is edited by well-known memeconomic performance? In n o v bers of the DRUID Society: Mark Recent special issues of I&I ination Lorenzen (editor-in-chief), Jeff clude: Collaboration Networks Furman, Keld Laursen, Francesco and Knowledge Exchange in Lissoni, Ammon Salter (associate Science and Technology (edited editors), and Bram Timmermans by Mario A. Maggioni, Stefano (special issues editor). I&I has an Breschi, and Pietro Panzarasa), international editorial board of disSpace and Interorganizational tinguished scholars: Alice Amsden, Relations (edited by Mark LorSteve Casper, Jens F. Christensenzen, Indre Maurer and Udo en, Wan-wen Chu, Colin Crouch, Staber), Organizing Inter- and InKathleen Eisenhardt, Jan Fagertra-Firm Networks: What is the berg, Maryann Feldman, Richard Florida, Nicolai Foss, Impact on Innovation Performance? (edited by Massimo Martin Fransman, Elizabeth Garnsey, Meric Gertler, GerColombo, Keld Laursen, Mats Magnusson and Cristina not Grabher, Constance Helfat, Ulrich Juergens, RichRossi-Lamastra), Eco-Innovation Dynamics (Rene Kemp ard Langlois, Aija Leiponen, Bengt-Åke Lundvall, Peter and Vanessa Oltra), Innovation Networks: Measurement, Maskell, John Mathews (editor emeritus), Anita McGaPerformance and Regional Dimensions (edited by Thomhan, Ram Mudambi, Richard R. Nelson, Murali Patibandas Brenner, Uwe Cantner and Holger Graf), and Creative la, Mari Sako, Ron Sanchez, Annalee Saxenian, Michael Jobs, Industries and Places (edited by Kevin Stolarick, Storper, Tim Sturgeon, Karin Wagner, Hugh Whittaker, Charlotta Mellander and Richard Florida). and Jonathan Zeitlin. Top cited articles in I&I the last two years include: ComInnovation Contents RESEARCH Volume 13 Issue 1 Ma rch 2006 ISSN: 1366-2 716 PAPERS New Firm Grow th: Exploring Processes and Paths Elizabeth Garn sey, Erik Stam and Paul Heffe rnan The Dependen ce Local Firm Popu of Innovativeness on the lation—An Emp German Pate irical Study of nts Thomas Bren ner and Siegf ried Greif Marion Pötz Copenhagen Business School Nadine Roijakkers Hasselt University Wim Vanhaverbeke Hasselt University Networks and Rapid Technolo Novel Evidence gical Change: from the Cana Industry dian Biotech Namatié Traor é Jonathan Wareham ESADE Business School Competitivene ss and an Eme The Russian rging Sector: Software Indu stry and Its Glob Linkages al Ashok Deo Bard han and Cynth ia A. Kroll FOUNDATION S AND DEBATE Schumpeter, Business Cycl es and Co-E William Kings volution ton The Limits of Schu Esben Sloth Ande mpeter’s Business Cycl es rsen Response to Professor Ande rsen William Kings ton Volume 13 Issu Jeanette Hvarregaard, Bàrbara Segura, Gloria Mora Llonch and Bea Barba Email: [email protected] iai1301cover.in dd 1 6 e 1 March 200 DRUID SECRETARIAT: 2/15/2006 5:13:36 PM THIS CONFERENCE IS SPONSORED BY: Aalborg University University of Southern Denmark Copenhagen Business School ESADE http://manuscriptmanager.com/ii/ ESADE BUSINESS SCHOOL June 17 - June 19 ESADE 1, FLOOR 1 ESADE 1, FLOOR -1 ESADE 1, FLOOR 2 ESADE 1, FLOOR 0 ESADE 2, FLOOR 3 ESADE 2, FLOOR 4 BARCELONA 2013 MAP BARCELONA, SPAIN Druid INNOVATION, STRATEGY AND ENTREPRENEURSHIP Competitiveness and Dynamics of Organizations, Technologies, Systems and Geography NOTE! ESADE 2 is situated on the other side of the street