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Technology development strategies and policy support for the solar energy industry under technological turbulence

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  • Yun, Sunyoung
  • Lee, Joosung
  • Lee, Sungjoo

Abstract

This study examines effective technology development strategies—diversification and collaboration—for solar energy companies facing technological turbulence. It used patents and financial data over a five-year period (2008–2012) for 50 solar photovoltaic (PV) technology firms. This study shows that adopting a strategy of technological diversification and R&D collaboration exerts a positive effect on firm performance. In addition, the relation between R&D collaboration strategy and firm performance is strengthened under technological turbulence. This study contributes to the field of sustainable innovation management, as well as energy policy under technological turbulence, through an empirical analysis.

Suggested Citation

  • Yun, Sunyoung & Lee, Joosung & Lee, Sungjoo, 2019. "Technology development strategies and policy support for the solar energy industry under technological turbulence," Energy Policy, Elsevier, vol. 124(C), pages 206-214.
    • Handle: RePEc:eee:enepol:v:124:y:2019:i:c:p:206-214
    DOI: 10.1016/j.enpol.2018.09.003
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    5. Pengran Zhou & Pengfei Zhou & Serhat Yüksel & Hasan Dinçer & Gülsüm Sena Uluer, 2019. "Balanced Scorecard-Based Evaluation of Sustainable Energy Investment Projects with IT2 Fuzzy Hybrid Decision Making Approach," Energies, MDPI, vol. 13(1), pages 1-20, December.
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    7. Li Li & Haifen Lin & Yibo Lyu, 2022. "Technology cluster coupling and invulnerability of industrial innovation networks: the role of centralized structure and technological turbulence," Scientometrics, Springer;Akadémiai Kiadó, vol. 127(3), pages 1209-1231, March.
    8. Wang Lai Wang & Marek Kryszak, 2020. "Technological Progress and Supply Base under Uncertain Market Conditions: The Case Study of the Taiwanese c-Si Solar Industry 2016–2019," Energies, MDPI, vol. 13(21), pages 1-25, November.

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