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Author:Shane, S.
Title:Technology Regimes and New Firm Formation
Journal:Management Science
2001 : SEP, VOL. 47:9, p. 1173-1190
Index terms:ENTREPRENEURSHIP
TECHNOLOGY
PATENTS
Language:eng
Abstract:At least since Schumpeter (1934 and 1942), researchers have been interested in identifying the dimensions of technology regimes that facilitate new firm formation as a mode of technology exploitation. Using data on 1,397 patents assigned to the Massachusetts Institute of Technology during the 1980-1996 period, The author shows that four hypothesized dimensions of the technology regime-the age of the technical field, the tendency of the market toward segmentation, the effectiveness of patents, and the importance of complementary assets in marketing and distribution - influence the likelihood that new technology will be exploited through firm formation.
SCIMA record nr: 234250
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