TY - BOOK AU - Boyce,Morgan TI - Principal Investigators and R&D Failure: Probability of Innovation Failure in Small Business T2 - Academic Entrepreneurship, Scientists, and Scientific Careers, SN - 9783031436086 U1 - 658.4062 23 PY - 2023/// CY - Cham PB - Springer International Publishing, Imprint: Springer KW - Technological innovations KW - Small business KW - Innovation and Technology Management KW - Economics of Innovation KW - Small Business N1 - Introduction -- R&D Project Failure and Principal Investigators -- Part I : Contextual Setting -- Publicly Funded Collaborative R&D: The Case of the US Department of Energy -- Legislative History of The SBIR Program -- A Theoretical Model of R&D Project Success or Failure -- Department of Energy and SBIR Data -- Collaborative R&D Firm and Project Characteristics: Empirical Insights -- Principal Investigators Experience in Collaborative R&D: Empirical Findings -- Part II; Reflections And Future Perspectives -- PIs and R&D Project Failure: Reflections and Future Research Avenues N2 - 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 UR - https://doi.org/10.1007/978-3-031-43608-6 ER -