Essec\Faculty\Model\Contribution {#2216
  #_index: "academ_contributions"
  #_id: "14698"
  #_source: array:26 [
    "id" => "14698"
    "slug" => "reluctance-to-pursue-breakthrough-research-a-signaling-explanation"
    "yearMonth" => "2024-05"
    "year" => "2024"
    "title" => "Reluctance to pursue breakthrough research: A signaling explanation"
    "description" => "BESANCENOT, D. et VRANCEANU, R. (2024). Reluctance to pursue breakthrough research: A signaling explanation. <i>Research Policy</i>, 53(4), pp. 104974."
    "authors" => array:2 [
      0 => array:3 [
        "name" => "VRANCEANU Radu"
        "bid" => "B00000524"
        "slug" => "vranceanu-radu"
      ]
      1 => array:1 [
        "name" => "Besancenot Damien"
      ]
    ]
    "ouvrage" => ""
    "keywords" => array:4 [
      0 => "Economics of science"
      1 => "Breakthrough innovation"
      2 => "Multi-task"
      3 => "Signaling"
    ]
    "updatedAt" => "2024-10-31 13:51:19"
    "publicationUrl" => "https://doi.org/10.1016/j.respol.2024.104974"
    "publicationInfo" => array:3 [
      "pages" => "104974"
      "volume" => "53"
      "number" => "4"
    ]
    "type" => array:2 [
      "fr" => "Articles"
      "en" => "Journal articles"
    ]
    "support_type" => array:2 [
      "fr" => "Revue scientifique"
      "en" => "Scientific journal"
    ]
    "countries" => array:2 [
      "fr" => null
      "en" => null
    ]
    "abstract" => array:2 [
      "fr" => "The current state of scientific research is disappointing due to the lack of significant breakthroughs, despite an ever-increasing number of publications and substantial resources invested in R&D activities. This paper proposes a signaling model as a complementary explanation to this phenomenon. If managers of research institutions can observe publications but are unable to observe breakthrough innovations, low-skilled scholars might reduce their investment in exploratory research and instead invest time in publishing as many papers as high-skilled scholars. This would allow them to claim the same level of compensation. In response to the imitation by low-skilled scholars, high-skilled scholars would publish even more, reaching a point where low-skilled scholars would abandon the imitation strategy. This mechanism leads to an equilibrium with (1) insufficient investment in exploratory research by high-skilled scholars, (2) excessive focus on publishing papers, (3) reduced effectiveness of resource-based incentives for exploratory research, and (4) reduced effectiveness of reward-based incentives for research."
      "en" => "The current state of scientific research is disappointing due to the lack of significant breakthroughs, despite an ever-increasing number of publications and substantial resources invested in R&D activities. This paper proposes a signaling model as a complementary explanation to this phenomenon. If managers of research institutions can observe publications but are unable to observe breakthrough innovations, low-skilled scholars might reduce their investment in exploratory research and instead invest time in publishing as many papers as high-skilled scholars. This would allow them to claim the same level of compensation. In response to the imitation by low-skilled scholars, high-skilled scholars would publish even more, reaching a point where low-skilled scholars would abandon the imitation strategy. This mechanism leads to an equilibrium with (1) insufficient investment in exploratory research by high-skilled scholars, (2) excessive focus on publishing papers, (3) reduced effectiveness of resource-based incentives for exploratory research, and (4) reduced effectiveness of reward-based incentives for research."
    ]
    "authors_fields" => array:2 [
      "fr" => "Economie"
      "en" => "Economics"
    ]
    "indexedAt" => "2024-12-22T02:21:49.000Z"
    "docTitle" => "Reluctance to pursue breakthrough research: A signaling explanation"
    "docSurtitle" => "Journal articles"
    "authorNames" => "<a href="/cv/vranceanu-radu">VRANCEANU Radu</a>, Besancenot Damien"
    "docDescription" => "<span class="document-property-authors">VRANCEANU Radu, Besancenot Damien</span><br><span class="document-property-authors_fields">Economics</span> | <span class="document-property-year">2024</span>"
    "keywordList" => "<a href="#">Economics of science</a>, <a href="#">Breakthrough innovation</a>, <a href="#">Multi-task</a>, <a href="#">Signaling</a>"
    "docPreview" => "<b>Reluctance to pursue breakthrough research: A signaling explanation</b><br><span>2024-05 | Journal articles </span>"
    "docType" => "research"
    "publicationLink" => "<a href="https://doi.org/10.1016/j.respol.2024.104974" target="_blank">Reluctance to pursue breakthrough research: A signaling explanation</a>"
  ]
  +lang: "en"
  +"_type": "_doc"
  +"_score": 8.517833
  +"parent": null
}