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| Author: | Gittelman, M. Kogut, B. |
| Title: | Does good science lead to valuable knowledge? Biotechnology firms and the evolutionary logic of citation patterns |
| Journal: | Management Science
2003 : APR, VOL. 49:4, p. 366-382 |
| Index terms: | Knowledge management Bio-technology industry Companies Patents Literature USA |
| Language: | eng |
| Abstract: | This study looks at the United States biotechnology industry as community of practice caught btw. two evolutionary logics by which valuable scientific knowledge and valuable innovations are selected. Publications and patents of 116 biotechnology firms during the period 19881995 are analyzed. In models that link scientific capabilities to patent citations, it is shown that scientific ideas are not simply inputs into inventions; important scientific ideas and influential patents follow different and conflicting selection logics. Publication, collaboration, and science intensity are associated with patented innovations. However, important scientific papers are negatively associated with high-impact innovations. These results point to conflicting logics btw. science and innovation, and scientists must contribute to both while inhabiting a single epistemic community. The findings suggest among others that the role of the small, research-intensive firm is to create a repository of knowledge, acting as an organizational mechanism to combine the capabilities of versatile scientists within and outside the boundaries of the firm. |
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