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Determinants of Innovation Commercialization Management and Anticipated Returns: An Exploratory Typology of SMEs

机译:创新商业化管理和预期收益的决定因素:中小企业探索性类型

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摘要

This paper explores the effects of firm characteristics on the commercialization management and anticipated innovation returns within small- and medium-sized enterprises (SMEs). Our results suggest that young and small firms tend to be more innovative and have higher expectation for anticipated returns despite their less systematic management. By contrast, medium-sized firms are more likely to formalize their management, yet they have lower anticipated returns. Small equity-financed firms tend to approach a more systematic management of commercialization and anticipate high returns. Mature firms pursue a less systematic approach and anticipate lower returns. Overall, our findings show that firm characteristics such as size, age, R&D level, type of financing, innovation novelty and protection of intellectual properties play a significant role in the commercialization process. Employing an updated typology, this study provides additional insights into the firms' commercialization management and sheds some light on the owner-managers' anticipated returns from innovation.
机译:本文探讨了公司特征对中小型企业(SME)的商业化管理和预期创新回报的影响。我们的结果表明,尽管规模较小的系统性管理,年轻和小型公司往往更具创新性,并且对预期回报的期望更高。相比之下,中型公司更有可能使他们的管理正规化,但预期收益却较低。小型股权融资公司倾向于对商品化进行更系统的管理,并期望获得高回报。成熟的公司会采用较不系统的方法,并期望获得较低的回报。总体而言,我们的发现表明,公司特征,例如规模,年龄,研发水平,融资类型,创新性和知识产权保护在商业化过程中发挥着重要作用。这项研究采用了更新的类型,为企业的商业化管理提供了更多见解,并为所有者-经理的创新预期收益提供了一些启示。

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