Collaboration and Innovation Speed : Evidence from a Prize Data-Set, 1955-2010

Preprint, External research report English OPEN
Shimizu, Hiroshi ; Hoshino, Yusuke (2015)
  • Publisher: Institute of Innovation Research, Hitotsubashi University

The anecdotal evidence has indicated that inter-organizational collaboration increases R&D productivity by providing access to outside complimentary assets for firms. Focusing on the length of time from launching R&D project to realizing its R&D outcomes, we call it innovation speed, this paper examines a prize data-set on industrial technology, including 434 award-winning R&D projects, and empirically examines the relationship between inter-organizational collaboration and innovation speed and explores how the relationship varies across different types of collaborations. After controlling time periods, technological areas, prize categories, and collaboration types, the data reveal that inter-organizational collaboration among non-business group firms is associated with shorter innovation speed. The curtailed time periods vary from 19.9% to 32.2% according to the models. However, such accelerated time periods are not observed in other collaboration types such as inter-firm collaboration and firm-academic collaboration.
  • References (2)

    Source:(Okouchi Memorial Foundation, 1974-2011; Okouchi Memorial Foundation Tomonokai, 1960- 1974) The 1950s includes only from 1954-1959, because the Okochi Prize was established in 1954. The 2000s includes 2010.

    Table 2 : Descriptive Statistics of Variables Variable Obs lnSpeed 434 Collaboration 434 Inter-firm collaboration 434 User-customer collaboration 434 Non-group firm collaboration 434 Number of organizations 434 Industry-academic collaboration 434 Paper 434 Okochi Memorial Grand Technology Prize 434 Before 1960 434 1960s 434 1970s 434 1980s 434 1990s 434 2000s 434 Transportation 434 Pulp/Fiber/Glass/Textile 434 Pharmaceuticals 434 Petrochemical/Chemical/ Petroleum /Gas 434 Machinery/Precision Machinery 434 Iron and Steel/Non-Ferrous Metal 434 Electronics/Telecommunication/ Information 434 Others 434

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