Underinvestment And Incompetence As Responses to Radical Innovation Evidence F

Rebecca Henderson

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06 (0. 08) -0. 02 (0. 13) 0. 60 7. 4 23. 9 Where *** Indicates significance at the 1% level, ** at the 5% level and * at the 10% level.
Table (5) Project Success Rates by Innovation and Firm Type Number of Projects (As % of Total) Total Incumbents Incremental Architectural 18 12 Total Successful 13 2 15 Projects (. 72) (. 17) (. 50) FaUed 5 10 15 Projects (. 28) (. 83) (. 50) 30 Total Entrants Incremental Architectural Total Successful 4 6 10 Projects (. 44) (. 60) (. 51) Failed 5 4 9 Projects ...(. 56) (. 40) (. 47) ^ y^ 30 Table (6) Technical Success.
Method of Estimation: Probit.
Dependent Variable: Technical Success of the Project. Number of Observations: 49.
(1) (2) (3) Ln (Hazard Rate) Contact + Proximity S&R. L + S&R. 2 Ln(Research) Ln(Research) * Architectural Ln(Research) * Incumbent Ln(Research) * Incumbent * Incremental Ln(Research) * Prior Experience * Incremental Ln(Research) * Incumbent * Architectural Ln(Research) * Prior Experience * Architectural Ln(Reseach) * Entrant * Architectural 0.

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