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The impact of technology complexity on the financial performance of R&D projects: evidence from Singapore

Author

Listed:
  • Sarah Cheah

    (NUS Business School)

  • Cristiano Bellavitis

    (University of Auckland
    Syracuse University)

  • Alessandro Muscio

    (Università di Foggia)

Abstract

Prior empirical research is inconclusive in determining whether technology complexity influences the financial performance of research commercialization projects and how various types of organizational resources contribute to performance. We analyse research commercialization projects involving the collaboration between public research institutes and private firms in Singapore. We examine how the technology complexity of these collaborative projects impacts their financial performance, measured by the licensing fees generated. In addition, we determine how human, financial, network and senior management resources moderate the relationship between technology complexity and financial performance of the projects. Our results indicate that the relationship is inverted U-shaped and moderated by project resources. We find that PRI-firm projects with higher human, network and senior management resources are better positioned to cope with complex technologies. However, investing abundant resources in low complexity technologies reduces the financial performance of projects. Surprisingly, financial resources do not have any significant moderating effect. Our findings are relevant to scholars investigating research commercialization and academic entrepreneurship.

Suggested Citation

  • Sarah Cheah & Cristiano Bellavitis & Alessandro Muscio, 2021. "The impact of technology complexity on the financial performance of R&D projects: evidence from Singapore," The Journal of Technology Transfer, Springer, vol. 46(2), pages 431-458, April.
    • Handle: RePEc:kap:jtecht:v:46:y:2021:i:2:d:10.1007_s10961-020-09777-7
    DOI: 10.1007/s10961-020-09777-7
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    2. Bettiol, Marco & Capestro, Mauro & Di Maria, Eleonora & Ganau, Roberto, 2024. "Is this time different?: how Industry 4.0 affects firms' labor productivity," LSE Research Online Documents on Economics 124545, London School of Economics and Political Science, LSE Library.

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    More about this item

    Keywords

    Technology complexity; Performance; Singapore; Public research institution; Academic entrepreneurship;
    All these keywords.

    JEL classification:

    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital

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