Replication data for: Does Remaining Independent Create a Winning Strategy?

This paper examines the magnitude of companies that decide to remain independent versus strategically aligned with other companies through patents collaboration in the LCD and plasma TV industry from 1964-2003. Firms will invest in profitable technologies; however, sometimes firms will invest in losing technologies and will remain connected even when there are signs of negative impacts on revenue. Some organization will attempt to mitigate risk by investing in both LCD and plasma TV technologies, while others will enter the market after a position has been established. This paper shows that the author's original treatment of patents that have multiple assignees may lead to an endogenous result. Instead, we analyze firms that have no alliance in their patent creation and find that they tend to be even more effective than firms in the original dataset. Our findings provide an early indication that working alone is better than working together in gaining expertise in an emerging market.

本文针对1964-2003年液晶显示（Liquid Crystal Display, LCD）与等离子电视（Plasma TV）行业展开研究，探析选择保持独立运营，或是通过专利合作与其他企业达成战略绑定的企业的体量特征。企业通常会布局盈利性技术，但有时也会涉足亏损技术赛道，即便营收已显现负面冲击迹象，仍会维持合作关系。部分企业通过同时布局LCD与等离子电视技术以分散经营风险，另有部分企业则待市场格局定型后再进入该赛道。本文表明，笔者此前对多专利权人专利的处理方式可能会引发内生性结果偏差。为此，本文转而聚焦于专利研发过程中未组建联盟的企业展开分析，结果发现这类企业的经营表现往往优于原始数据集中的企业。本研究结果初步表明，在新兴市场中，独立研发相较于合作研发更有助于积累行业专业能力。