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SUMMARY:Seminar by Prof. Michael Bikard\, London Business School
DTSTART:20181026T140000
DTEND:20181026T153000
DTSTAMP:20260427T202700Z
UID:bccc84bb5e8b58329b156f1dcf61530616770c86e9b65a17e4159961
CATEGORIES:Conferences - Seminars
DESCRIPTION:Prof. Michael Bikard\, London Business School\n"Hubs as lamppo
 sts: Academic location and firms’ attention to science"\n\n Abstract\nOn
 ly a small fraction of the myriad of academic papers published every year 
 emerges from industry hubs\, but firms pay disproportionately more attenti
 on to those papers. We examine this disparity and explore some of its caus
 es. To do so\, we analyze firms’ patent citations to over 10 million aca
 demic publications as well as to a set of 147 simultaneous discoveries fro
 m academia. Our results highlights two main explanations for hubs’ appar
 ent “lamppost” effect. First\, there are considerable differences in t
 he nature of academic science produced inside and outside of hubs. Hub-bas
 ed academic science is on average of higher quality but surprisingly only 
 slightly more applied than academic science produced elsewhere. Second\, a
 nd perhaps more importantly\, firms face important constraints in allocati
 ng their limited attention to an academic literature that is vast\, comple
 x and often unreliable. They are likely to pay greater attention to hub-ba
 sed academic science both because they expect it to be more useful on aver
 age\, and because they are more likely to be exposed to it through the inf
 ormal interactions that take place in hubs. Overall\, our results suggest 
 that hubs amplify the reach of local academic science. They are likely to 
 drive non-localized knowledge flows by attracting the attention of firms l
 ocated hundreds of miles away.\n 
LOCATION:ODY 4 03 https://plan.epfl.ch/?room==ODY%204%2003
STATUS:CONFIRMED
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