Failure in R&D efforts are fairly common and with many factors that contribute to the outcome. This book focuses on the role of principal investigators (PIs) in R&D project failures and provides a theoretical model explaining how firm characteristics, including those of the PIs, impact the probability of failure. The theoretical model also serves as a structural form model to motivate the empirical analysis which assesses the probability of failure in small technology-based firms. The author uses data from the U.S. Department of Energy’s (DOE) Small Business Innovation Research (SBIR) program to build a new and informative tool to assess R&D projects and demonstrate the strengths of the theoretical model. The association between PIs and R&D failure not only provides insights that can have a downstream impact to economic growth, but it can also provide policymakers with valuable information to aid decisions in allocating funds for R&D.
Author(s): Morgan Boyce
Series: Academic Entrepreneurship, Scientists, and Scientific Careers
Edition: 1
Publisher: Springer Nature Switzerland
Year: 2023
Language: English
Pages: xiii; 122
City: Cham
Tags: Business and Management, general; Economics, general; Small Business ; R&D projects; Principal investigators;
Preface
Acknowledgments
1 Introduction
2 R&D Project Failure and Principal Investigators
Part I Contextual Setting
3 Publicly Funded Collaborative R&D: The Case of the US Department of Energy
4 Legislative History of the SBIR Program
5 A Theoretical Model of R&D Project Success or Failure
6 Department of Energy and SBIR Data
7 Collaborative R&D Firm and Project Characteristics: Empirical Insights
8 Principal Investigators’ Experience in Collaborative R&D: Empirical Findings
Part II Reflections and Future Perspectives
9 PIs and R&D Project Failure: Reflections and Future Research Avenues
References
Index
