Evaluation and Performance Measurement of Research and Development
Show Less

Evaluation and Performance Measurement of Research and Development

Techniques and Perspectives for Multi-Level Analysis

Vittorio Chiesa and Federico Frattini

This book develops and illustrates a comprehensive, multi-level framework for the evaluation of industrial R & D activities and the measurement of their performances. The framework encompasses a set of hierarchical, interrelated levels at which R & D evaluation and performance measurement could be undertaken. This enlightening book focuses on the single industrial firm to study performance measurement of R & D functions, projects and individual researchers or engineers. It also addresses the R & D evaluation from the point of view of financial markets, with a focus on the relationships between R & D investments and the value of the traded firm.
Buy Book in Print
Show Summary Details
You do not have access to this content

Chapter 6: Technology Platform

M. Calderini, D. Moncalvo and G. Scellato


INTRODUCTION This chapter deals with the issue of assessing and evaluating R&D and innovation by adopting a broader unit of analysis, which moves from the single firm to systems of firms. The need to address the characteristics of the innovation process according to a perspective that goes beyond individual firms’ boundaries is supported by two distinct insights: on the one hand, a large body of empirical literature since 1990 has clearly highlighted how a number of systemic interactions taking place within both structured and informal networks of firms significantly affects the rates of production and diffusion of new knowledge; on the other hand, new paradigms of innovation management have emerged that explicitly stress the importance of different types of external sources of innovation in defining companies’ technological strategies. The fundamental results of the first stream of research are mainly represented by the new geography of innovation (Audretsch and Feldman, 2004). The specific features of innovative knowledge as an economic good imply that the system into which a company is embedded, also geographically defined and including institutions, is relevant to its ability to develop and introduce new technologies. Following Von Hippel (1994), it is possible to state that while information is codified and can be formalized, knowledge is tacit, embedded in human capital, difficult to codify and often only serendipitously recognized. Hence, co-localization is expected to mitigate the inherent uncertainty of innovative activity because proximity enhances the ability of firms to exchange ideas and be cognizant of important incipient knowledge...

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.

Further information

or login to access all content.