Collaboration in the Shadow of the Technology Frontier: Evidence from the Flat Panel Display Industry | Zendy

Wang I. Kim | Zendy; Yang Hsiaoshan | Zendy; Miller Douglas J. | Zendy

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Collaboration in the Shadow of the Technology Frontier: Evidence from the Flat Panel Display Industry

Author(s) -

Wang I. Kim,

Yang Hsiaoshan,

Miller Douglas J.

Publication year - 2015

Publication title -

managerial and decision economics

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.288

H-Index - 51

eISSN - 1099-1468

pISSN - 0143-6570

DOI - 10.1002/mde.2681

Subject(s) - shadow (psychology) , frontier , flat panel , competition (biology) , economics , position (finance) , panel data , sample (material) , technological change , industrial organization , shadow price , marketing , business , econometrics , computer science , political science , psychology , macroeconomics , ecology , mathematical optimization , chemistry , computer graphics (images) , mathematics , finance , chromatography , law , psychotherapist , biology

The literature on competition through innovation tends to emphasize the benefits of technological leadership. However, we explain why a capable firm might prefer to shadow the technology leader—remaining slightly behind rather than competing directly at the frontier. On the basis of a formal model and the competitive dynamics literature, we propose that the more benefits a firm gains from collaboration with a technological leader through licensing and supply agreements, the more likely the firm is to take a shadowing position. Our hypotheses, particularly regarding licensing from a technological leader, receive support from a large sample in the flat panel display industry. Copyright © 2014 John Wiley & Sons, Ltd.

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