Technological Discontinuities and Complementary Assets: A Longitudinal Study of Industry and Firm Performance Export

@article{citeulike:5858979, abstract = {We suggest that the type of complementary assets (generic versus specialized) needed to commercialize a new technology is critical in determining the industry- and firm-level performance implications of a competence-destroying technological discontinuity. At the industry level, we hypothesize that incumbent industry performance declines if the new technology can be commercialized through generic complementary assets, whereas incumbent industry performance improves if the new technology can be commercialized through specialized complementary assets. At the firm level, we posit that an incumbent firm's financial strength has a stronger positive impact on firm performance in the postdiscontinuity time period if the new technology can be commercialized through generic complementary assets. We hypothesize, however, that an incumbent firm's R\&D capability has a stronger positive impact on firm performance in the postdiscontinuity time period if the new technology can be commercialized through specialized complementary assets. Drawing on multi-industry, time series, and panel data over a 26-year period to analyze pre- and postdiscontinuity industry and firm performance, we find broad support for our theoretical model. 10.1287/orsc.1040.0100}, author = {Rothaermel, Frank T. and Hill, Charles W. L.}, citeulike-article-id = {5858979}, citeulike-linkout-0 = {http://dx.doi.org/10.1287/orsc.1040.0100}, citeulike-linkout-1 = {http://orgsci.journal.informs.org/content/16/1/52.abstract}, citeulike-linkout-2 = {http://orgsci.journal.informs.org/content/16/1/52.full.pdf}, day = {1}, doi = {10.1287/orsc.1040.0100}, journal = {ORGANIZATION SCIENCE}, keywords = {assets, complementary, discontinuities, firm, industry, longitudinal, performance, study, technological}, month = {January}, number = {1}, pages = {52--70}, posted-at = {2009-09-30 10:14:07}, priority = {3}, title = {Technological Discontinuities and Complementary Assets: A Longitudinal Study of Industry and Firm Performance}, url = {http://dx.doi.org/10.1287/orsc.1040.0100}, volume = {16}, year = {2005} }

TY - JOUR ID - citeulike:5858979 L3 - citeulike-article-id:5858979 N2 - We suggest that the type of complementary assets (generic versus specialized) needed to commercialize a new technology is critical in determining the industry- and firm-level performance implications of a competence-destroying technological discontinuity. At the industry level, we hypothesize that incumbent industry performance declines if the new technology can be commercialized through generic complementary assets, whereas incumbent industry performance improves if the new technology can be commercialized through specialized complementary assets. At the firm level, we posit that an incumbent firm's financial strength has a stronger positive impact on firm performance in the postdiscontinuity time period if the new technology can be commercialized through generic complementary assets. We hypothesize, however, that an incumbent firm's R&D capability has a stronger positive impact on firm performance in the postdiscontinuity time period if the new technology can be commercialized through specialized complementary assets. Drawing on multi-industry, time series, and panel data over a 26-year period to analyze pre- and postdiscontinuity industry and firm performance, we find broad support for our theoretical model. 10.1287/orsc.1040.0100 IS - 1 JF - ORGANIZATION SCIENCE EP - 70 TI - Technological Discontinuities and Complementary Assets: A Longitudinal Study of Industry and Firm Performance VL - 16 SP - 52 KW - assets KW - complementary KW - discontinuities KW - firm KW - industry KW - longitudinal KW - performance KW - study KW - technological AU - Rothaermel, Frank AU - Hill, Charles PY - 2005/01/01/ UR - http://dx.doi.org/10.1287/orsc.1040.0100 ER -