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SUMMARY:Sitting on the fence: integrating the two worlds of scientific dis
 covery and invention within the firm
DTSTART:20210422T170000
DTSTAMP:20260502T160054Z
UID:c5eb2767096daecaa31da1159f5d3e133bfb53c5614184b55ce37ecb
CATEGORIES:Conferences - Seminars
DESCRIPTION:Lia Sheer (Duke University - Fuqua School of Business)\nLia Sh
 eer (Duke University - Fuqua School of Business)\n"Sitting on the fence: i
 ntegrating the two worlds of scientific discovery and invention within the
  firm"\nDiscussant: David Hsu (Wharton School - University of Pennsylvania
 )\n\nAbstract\n\nApplying a within-firm perspective to the topic of the di
 vision of innovative labor\, I explore how the organization of scientific 
 discovery at the firm level– specialized or integrated with invention- c
 onditions the firm’s outcomes. Using data on inventors and authors relat
 ed to U.S. publicly traded scientific firms for the period 1980-2015\, I f
 ind that integration is related to a tradeoff between short-term applied R
 &D and long-term fundamental R&D. While integration is beneficial for inve
 ntion\, it has adverse effects on its scientific output\, which decrease i
 nvention in the long run. I show consistent implications in terms of marke
 t value. Finally\, I present three main determinants that condition this t
 radeoff: reliance on science\, stage of technology\, and market for techno
 logy. The paper deepens our understanding of the determinants and tradeoff
 s associated with the strategic choice of scientific discovery organizatio
 n.\n\nEPFL Virtual Innovation Seminar\nEVIS is a bi-weekly virtual seminar
  series focusing on Science\, Technology and Innovation topics studied thr
 ough the lens of Economics\, Entrepreneurship\, Strategy and Finance.\n 
LOCATION:Zoom
STATUS:CONFIRMED
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