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Citation
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HERO ID
7226201
Reference Type
Journal Article
Title
A Dynamic Network Measure of Technological Change
Author(s)
Funk, RJ; Owen-Smith, J; ,
Year
2017
Is Peer Reviewed?
1
Journal
Management Science
ISSN:
0025-1909
EISSN:
1526-5501
Publisher
INFORMS
Location
CATONSVILLE
Page Numbers
791-817
DOI
10.1287/mnsc.2015.2366
Web of Science Id
WOS:000395813600011
Abstract
This article outlines a network approach to the study of technological change. We propose that new inventions reshape networks of interlinked technologies by shifting inventors' attention to or away from the knowledge on which those inventions build. Using this approach, we develop novel indexes of the extent to which a new invention consolidates or destabilizes existing technology streams. We apply these indexes in analyses of university research commercialization and find that, although federal research funding pushes campuses to create inventions that are more destabilizing, deeper commercial ties lead them to produce technologies that consolidate the status quo. By quantifying the effects that new technologies have on their predecessors, the indexes we propose allow patent-based studies of innovation to capture conceptually important phenomena that are not detectable with established measures. The measurement approach presented here offers empirical insights that support theoretical development in studies of innovation, entrepreneurship, technology strategy, science policy, and social network theory.
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