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ItemDeterminants of new technology-based firms performance in catch-up regions: evidence from the U.S. biopharmaceutical and IT service industries 1996-2005(Georgia Institute of Technology, 2008-04-01) Xiao, WenbinThis study investigates the impacts of regional characteristics on the early-stage performance of New Technology-Based Firms (NTBFs) in catch-up regions where a mature industrial cluster has yet to be formed. It hypothesized that the average NTBF performance in a region is a function of its scientist job market conditions, cultural diversity, venture capital, academic research, industrial structure, and local entrepreneurial climate. Using the events of Initial Public Offerings (IPO) and Merger & Acquisitions (M&A) as an indicator of early-stage success of NTBFs, this study constructs a set of Zero-Inflated-Negative-Binomial (ZINB) models to predict the spatial distribution of such events in the U.S. biopharmaceutical and Information Technology (IT) service industries during the period from 1996 to 2005. Several empirical findings emerge from this study. First, the local entrepreneurial climate plays a significant and positive role on NTBF performance in both industries. Second, the positive impact of cultural diversity is more significant in the IT service industry than in the biopharmaceutical industry. Third, the scientist job market size and absolute salary level have positive impacts on NTBF performance, but the effect of relative salary level is negative. Fourth, proximity to venture capital firms has positive but non-linear effects, but the adverse effect of excess venture capital is stronger in the IT service industry. Fifth, there is little evidence of the direct effects of academic research in determining the NTBF performance in both industries. Finally, industrial specialization is significant and positive only in the IT service industry. The results suggest that promoting local entrepreneurial climate and cultural diversity are two effective policy instruments for catch-up regions to foster their NTBF growth.
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ItemResource Spillover from Academia to High Tech Industry: Evidence from New Nanotechnology-Based Firms in the U.S.(Georgia Institute of Technology, 2007-10-12) Wang, JueThe role of universities in supporting economic development has been explored in numerous studies emphasizing the mechanisms of technology transfer and knowl-edge spillover. However, in addition to these forms of intellectual capital, university scientists bring other resources into research collaboration and contribute to firm part-nerships in both direct and indirect ways. This thesis proposes the concept of resource spillover, which captures the various ways in which university scientists can benefit col-laborating firms. The study first analyzes firms, university scientists, and collaboration along with the concepts of ego, alter, and network ties in social capital theory; then it categorizes the resources possessed by university scientists into human capital, social capital, and positional capital, and tests the impact of each on the performance of a firm. The study finds that firms benefit from research collaboration in terms of both increased research capability and research output and improved public relations and research credibility. The study is carried out using a sample of new nanotechnology-based firms in the United States. As the U.S. government recognizes nanotechnology as providing scientific and technological opportunities with immense potential, this industry has be-come the recipient of significant federal R&D funding. In turn, because academic re-search has proven to be important to not only overall nanotechnology R&D but also in-dustrial R&D, it necessitates appropriate policy programs that support successful re-source spillover from academia and promote the development of industry.
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ItemProject Organization, Diverse Knowledge, and Innovation Systems in the Korean Game Software Industry(Georgia Institute of Technology, 2007-01-16) Oh, EunjooThis research was initiated in the belief that new product development requires the integration of diverse knowledge located in different units or organizations. In recent decades, evolutionary scholars have emphasized the importance of coherent systems and regional scientists have highlighted the importance of geographical proximity for easier transfer of tacit knowledge. Despite the strength of these explanations, they do not adequately address the balance between tacit and explicit knowledge, ignoring different types of knowledge conversion process (Nonaka and Takeuchi, 1995). My research aims to bring a greater understanding of the integration of diverse knowledge for innovation achievements among different actors. Specifically, this thesis deals with project organization for new product development, exploring three main research areas: (1) company utilization of external companies and freelancers for project formation in relation to resource mobilization of companies; (2) types of knowledge conversion among employees within and between departments; and (3) the impacts of several meditating factors on clustering orientations of companies. These meditating factors include knowledge codification, IT technology for communication, and trust mechanisms that help to mobilize external knowledge and reduce friction among team members. In this study, data are collected from questionnaire survey (104 firms) and interviews with 34 persons in the Korean game industry. Probit model, tobit model, and OLS regression model were used. The main findings are as follows. First, codified knowledge concept reports, prototypes, and manuals is produced through externalization as a game development project is in progress. Second, among several indicators of internal capability of companies, the type of initial industry whether game companies started their business in the game industry and expenditures on the purchase of intellectual property rights from other cultural industries have significant and positive impacts on the utilization of external partners. Third, information communication technology has a significant, negative impact on clustering orientation of companies while reliance on communities of practice and built-in trust have significant, positive impacts on that.
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ItemThe Effect of Linkages on Science and Technology at Historically Black Colleges and Universities(Georgia Institute of Technology, 2005-11-22) Brice, Kathryn T.Historically Black Colleges and Universities (HBCUs) face the 21st century with questions about change and adaptation to an increasingly science and technology oriented society. They face the challenge of finding a strategy by which they can utilize current resources and energy to maximize their science and technology development. Using a mixed methods research design, this study conducted an analysis of science and technology at HBCUs. The primary objective was to determine what theories (when implemented they are termed strategies) account for the development of science and technology at successful research oriented HBCUs. This was accomplished through a secondary objective to assess productivity outputs at HBCUs using various science and technology indices. The results and findings can be summarized by stating that the selection of strategy is dependent on the maturity of the HBCUs science and technology program. An HBCU that is seeking to initiate a science and technology program should pursue a strategy of federal or state policy supportive of introductory efforts. HBCUs with established science and technology programs that are seeking growth strategies should look toward collaborations and partnerships for the purposes of forming networks and clusters. The formation of joint ventures, partnerships, and networks will further develop their science and technology programs. Leadership is a sustaining factor that enhances the effectiveness of both policy and linkages.
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ItemResolving the aggregation problem that plagues the hedonic pricing method(Georgia Institute of Technology, 2003-12-01) Lipscomb, Clifford Allen