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Chin. Phys. B, 2021, Vol. 30(12): 120517    DOI: 10.1088/1674-1056/ac364c
Special Issue: SPECIAL TOPIC— Interdisciplinary physics: Complex network dynamics and emerging technologies
SPECIAL TOPIC—Interdisciplinary physics: Complex network dynamics and emerging technologies Prev   Next  

Modeling the dynamics of firms' technological impact

Shuqi Xu(徐舒琪)1, Manuel Sebastian Mariani1,2,†, and Linyuan Lü(吕琳媛)1,3,‡
1 Yangtze Delta Region Institute(Huzhou) & Institute of Fundamental and Frontier Sciences, University of Electronic Science and Technology of China, Huzhou 313001, China;
2 University Research Priority Program on Social Networks, University of Zurich, CH-8050 Zurich, Switzerland;
3 Beijing Computational Science Research Center, Beijing 100193, China
Abstract  Recent studies in complexity science have uncovered temporal regularities in the dynamics of impact along scientific and other creative careers, but they did not extend the obtained insights to firms. In this paper, we show that firms' technological impact patterns cannot be captured by the state-of-the-art dynamical models for the evolution of scientists' research impact, such as the Q model. Therefore, we propose a time-varying returns model which integrates the empirically-observed relation between patent order and technological impact into the Q model. The proposed model can reproduce the timing pattern of firms' highest-impact patents accurately. Our results shed light on modeling the differences behind the impact dynamics of researchers and firms.
Keywords:  firm technological impact      patent analysis      impact dynamics  
Received:  31 July 2021      Revised:  17 September 2021      Accepted manuscript online:  04 November 2021
PACS:  05.90.+m (Other topics in statistical physics, thermodynamics, and nonlinear dynamical systems)  
  89.65.Gh (Economics; econophysics, financial markets, business and management)  
  07.05.Tp (Computer modeling and simulation)  
Fund: Project supported by the National Natural Science Foundation of China (Grant Nos. 61673150 and 11622538). M.S.M. acknowledges financial support from the URPP Social Networks at the University of Zurich, and the UESTC professor research start-up (Grant No. ZYGX2018KYQD215). L.L. acknowledges the Science Strength Promotion Programme of UESTC, Chengdu.
Corresponding Authors:  Manuel Sebastian Mariani, Linyuan Lü     E-mail:  manuel.mariani@business.uzh.ch;linyuan.lv@uestc.edu.cn

Cite this article: 

Shuqi Xu(徐舒琪), Manuel Sebastian Mariani, and Linyuan Lü(吕琳媛) Modeling the dynamics of firms' technological impact 2021 Chin. Phys. B 30 120517

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