Overview
- Analyzes data from the U.S. Department of Energy’s (DOE) Small Business Innovation Research (SBIR) program
- Explores the association between principal investigators (PIs) and R&D failure
- Provides a theoretical model to estimate the probability of failure in R&D projects
Part of the book series: Academic Entrepreneurship, Scientists, and Scientific Careers (AESSC)
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About this book
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.
Keywords
Table of contents (9 chapters)
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Front Matter
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Contextual Setting
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Front Matter
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Reflections and Future Perspectives
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Front Matter
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Back Matter
Authors and Affiliations
About the author
Morgan Boyce is an adjunct faculty member in the Economics Department at the Belk College of Business, University of North Carolina at Charlotte (USA). Dr. Boyce has worked in the financial services industry for 15 years and held positions related to economic research and modeling, risk management, data science, and analytics. In addition to his work in the finance industry, his research interests are in innovation economics and entrepreneurship with a focus on factors associated with the success or failure of small entrepreneurial firms.
Bibliographic Information
Book Title: Principal Investigators and R&D Failure
Book Subtitle: Probability of Innovation Failure in Small Business
Authors: Morgan Boyce
Series Title: Academic Entrepreneurship, Scientists, and Scientific Careers
DOI: https://doi.org/10.1007/978-3-031-43608-6
Publisher: Springer Cham
eBook Packages: Business and Management, Business and Management (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2023
Hardcover ISBN: 978-3-031-43607-9Published: 20 October 2023
Softcover ISBN: 978-3-031-43610-9Due: 20 November 2023
eBook ISBN: 978-3-031-43608-6Published: 19 October 2023
Series ISSN: 2523-7004
Series E-ISSN: 2523-7012
Edition Number: 1
Number of Pages: XIII, 122
Number of Illustrations: 6 b/w illustrations
Topics: Business and Management, general, Economics, general, Small Business