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Full Description
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.
Contents
Introduction.- R&D Project Failure and Principal Investigators.- Part I : Contextual Setting.- Publicly Funded Collaborative R&D: The Case of the US Department of Energy.- Legislative History of The SBIR Program.- A Theoretical Model of R&D Project Success or Failure.- Department of Energy and SBIR Data.- Collaborative R&D Firm and Project Characteristics: Empirical Insights.- Principal Investigators Experience in Collaborative R&D: Empirical Findings.- Part II; Reflections And Future Perspectives.- PIs and R&D Project Failure: Reflections and Future Research Avenues.
