The formation of R&amp;D cooperation ties: an event history analysis for German laser source manufacturers

Kudic, Muhamed; Pyka, Andreas; Sunder, Marco

doi:10.1093/icc/dtv047

Cited by 6 publications

(1 citation statement)

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“…We consider firms' entire development history to gain a long-term perspective of the early movers' determinants of survival or exit (e.g. Bayus and Agarwal, 2007;Buenstorf, 2007;Kudic et al, 2016). Japan and Germany are high-cost countries that achieved significant early-mover advantages in the PV industry and their domestic firms have consistently played a key role in all parts of the industry's value chain.…”

Section: Samplementioning

confidence: 99%

Firm survival in complex value chains and global innovation systems: Evidence from solar photovoltaics

Hipp

Binz

2020

Research Policy

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Economic globalization and the modularization of value chains increasingly challenge longheld conceptual models explaining the spatial evolution of industries. This paper seeks to reinterpret early industry life cycle dynamics by disintegrating an industry's value chain into upstream, core and downstream parts and characterizing each part according to its underlying global innovation system (GIS) configuration. We distinguish between firms in parts of the value chain that depend on formalized, science-based innovation and cater for globally standardized mass markets ('footloose' GIS) and firms in parts of the value chain that rely on spatially more stable GIS structures, in which either the innovation activities or the valuation dynamics (or both) depend on spatial embedding in given territorial contexts. Our hypothesis is that firms which occupy parts of the value chain with footloose GIS characteristics will have shorter survival times than firms which operate in spatially more stable GIS types. Demandside policies will accordingly produce stronger competitive advantages for firms operating in GIS with spatially stable valuation structures. The empirical context of our study is the solar photovoltaics (PV) industry. We analyze market entry and exit of 129 German and 127 Japanese PV firms from 1960 to 2016 using a Cox Proportional Hazards model. The results support the hypotheses that firm survival and policy effects depend on a value chain part's underlying GIS configuration.

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Section: Samplementioning

confidence: 99%