An institutional theory investigation of U.S. technology development trends since the mid-19th century

Jason M. Pattit, S. P. Raj, David Wilemon

Research output: Contribution to journalArticle

9 Scopus citations

Abstract

Drawing on institutional theory, we examine how institutions have influenced technology development trends in the U.S. since the mid-19th century. Based on an inductive analysis of the history of technology development and corporate R&D, we show that both formal and informal institutional rules and constraints played a role in the initial rise of markets for technology, their decline during the early-20th century, and their eventual return at the end of the 20th century. We also find that formal and informal institutions influenced the widespread adoption of in-house R&D labs during the mid-20th century. Our study integrates insights from both the economics and sociology branches of institutional theory. This perspective is particularly useful to analyze historical phenomenon and shifts in trends across long time periods.

Original languageEnglish (US)
Pages (from-to)306-318
Number of pages13
JournalResearch Policy
Volume41
Issue number2
DOIs
StatePublished - Mar 1 2012

Keywords

  • Formal constraints
  • Informal norms
  • Institutional theory
  • R&D
  • Technology development mode

ASJC Scopus subject areas

  • Strategy and Management
  • Management Science and Operations Research
  • Management of Technology and Innovation

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