@article{1482666, recid = {1482666}, author = {Boyce, Morgan,}, title = {Principal investigators and R&D failure : probability of innovation failure in small business /}, pages = {1 online resource (xiii, 122 pages) :}, abstract = {Failure in R&D efforts are fairly common and with many factors that contribute to the outcome. This book focuses on the role of principal investigators (PIs) in R&D project failures and provides a theoretical model explaining how firm characteristics, including those of the PIs, impact the probability of failure. The theoretical model also serves as a structural form model to motivate the empirical analysis which assesses the probability of failure in small technology-based firms. The author uses data from the U.S. Department of Energy’s (DOE) Small Business Innovation Research (SBIR) program to build a new and informative tool to assess R&D projects and demonstrate the strengths of the theoretical model. The association between PIs and R&D failure not only provides insights that can have a downstream impact to economic growth, but it can also provide policymakers with valuable information to aid decisions in allocating funds for R&D.}, url = {http://library.usi.edu/record/1482666}, doi = {https://doi.org/10.1007/978-3-031-43608-6}, }