Imperial College London

Professor Francisco Veloso

Business School

Dean of the Imperial College Business School
 
 
 
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Contact

 

+44 (0)20 7594 9145fveloso Website

 
 
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Assistant

 

Ms Katie Dorreen +44 (0)20 7594 3201

 
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Location

 

194Business School BuildingSouth Kensington Campus

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Summary

 

Publications

Publication Type
Year
to

44 results found

Jahanbakht M, Mostafa R, Veloso F, 2021, Pre-entry experience, post-entry adaptations and internationalization in the African mobile telecommunications industry, Organization Science, ISSN: 1047-7039

We study the evolution of the African mobile telecommunications industry from its effective beginning, and explore the sources of ownership advantages among indigenous firms, by assembling historical qualitative and quantitative firm-level data. Our historical qualitative findings suggest that a few start-ups gained industry-specific knowledge through their pre-entry experience, directed their post-entry development of capabilities toward adaptations to challenging market and operational conditions, and leveraged their adaptive capabilities to enter and compete in other African countries. Using our quantitative panel data, we show that these firms successfully internationalized across the continent. In particular, compared with other start-ups, they had higher rates of foreign entry in African countries that had relatively weaker rule of law, and greater market reach in African countries that had relatively larger low-income consumer segments. These patterns corroborate that their capabilities for overcoming the industry’s challenging market and operational conditions were their key ownership advantages. Through our triangulated analysis, we show that inherited industry knowledge provides a foundation for post-entry capability development, and entrepreneurial leadership guides this process to create ownership advantages for regional internationalization.

Journal article

Gonzalez LR, Gonzalez Brambila CN, Veloso F, 2018, Birth of prominent scientists, PLoS One, Vol: 13, Pages: 1-23, ISSN: 1932-6203

This paper analyzes the influence key scientists have in the development of a science and technology system. In particular, this work appraises the influence that star scientists have on the productivity and impact of young faculty, as well as on the likelihood that these young researchers become a leading personality in science. Our analysis confirms previous results that eminent scientist have a prime role in the development of a scientific system, especially within the context of an emerging economy like Mexico. In particular, in terms of productivity and visibility, this work shows that between 1984 and 2001 the elite group of physicists in Mexico (approximate 10% of all scientists working in physics and its related fields) published 42% of all publications, received 50% of all citations and bred 18% to 26% of new entrants. In addition our work shows that scientists that enter the system by the hand of a highly productive researcher increased their productivity on average by 28% and the ones that did it by the hand of a highly visible scientist received on average 141% more citations, vis-à-vis scholars that did not published their first manuscripts with an eminent scientist. Furthermore, scholars that enter the system by the hand of a highly productive researcher were on average 2.5 more likely to also become a star.

Journal article

Castellaneta F, Conti R, Veloso FM, Kemeny CAet al., 2016, The effect of trade secret legal protection on venture capital investments: evidence from the inevitable disclosure doctrine, Journal of Business Venturing, Vol: 31, Pages: 524-541, ISSN: 0883-9026

This study investigates how the inevitable disclosure doctrine, a form of trade secret legal protection, affects venture capital (VC) investment. Using a data set of VC deals realized in the United States from 1980 to 2012, we find that a rule in favor of inevitable disclosure increases the amount of VC investment. We address mechanisms that can explain these findings by assessing how the inevitable disclosure doctrine (a) displays a different impact on VC investments according to the characteristics of the state and the industry where the start-ups operate and (b) affects the performance of VC-backed firms. We also discuss managerial and policy implications of our findings.

Journal article

Reyes-Gonzalez L, Gonzalez-Brambila CN, Veloso F, 2016, Using co-authorship and citation analysis to identify research groups: a new way to assess performance, SCIENTOMETRICS, Vol: 108, Pages: 1171-1191, ISSN: 0138-9130

Journal article

Gonzalez-Brambila CN, Reyes-Gonzalez L, Veloso F, Angel Perez-Angon Met al., 2016, The scientific impact of developing nations, PLoS One, Vol: 11, Pages: 1-14, ISSN: 1932-6203

This paper analyzes science productivity for nine developing countries. Results show that these nations are reducing their science gap, with R&D investments and scientific impact growing at more than double the rate of the developed world. But this “catching up” hides a very uneven picture among these nations, especially on what they are able to generate in terms of impact and output relative to their levels of investment and available resources. Moreover, unlike what one might expect, it is clear that the size of the nations and the relative scale of their R&D investments are not the key drivers of efficiency.

Journal article

Cheyre C, Kowalski J, Veloso FM, 2015, Spinoffs and the ascension of Silicon Valley, INDUSTRIAL AND CORPORATE CHANGE, Vol: 24, Pages: 837-858, ISSN: 0960-6491

Journal article

Lowe RA, Veloso FM, 2015, Patently Wrong? Firm Strategy and the Decision to Disband Technological Assets, EUROPEAN MANAGEMENT REVIEW, Vol: 12, Pages: 83-98, ISSN: 1740-4754

Journal article

Cheyre C, Klepper S, Veloso F, 2015, Spinoffs and the mobility of US merchant semiconductor inventors, Management Science, Vol: 61, Pages: 487-506, ISSN: 0025-1909

Data on inventors and assignees of patents are used to analyze the mobility of semiconductor inventors. Exploiting data on the origins of semiconductor producers with larger sales, we argue that the higher mobility of semiconductor inventors in Silicon Valley is in great part due to the entry of spinoffs there. Our empirical evidence suggests that spinoff entry promoted mobility in Silicon Valley even before the industry was clustered there. Agglomeration economies and the ban on noncompete covenants may influence spinoff entry, but spinoffs promote mobility even in the absence of those conditions. Because most of the greater inventor mobility in Silicon Valley corresponds to inventors moving from incumbents to recent entrants, the benefits that arise from greater mobility rates will be disproportionately reaped by new firms.

Journal article

van der Boor P, Oliveira P, Veloso F, 2014, Users as innovators in developing countries: The global sources of innovation and diffusion in mobile banking services, Research Policy, Vol: 43, Pages: 1594-1607, ISSN: 0048-7333

This paper examines the extent to which users in developing countries innovate, the factors that enable these innovations and whether they are meaningful on a global stage. To study this issue, we conducted an empirical investigation into the origin and types of innovations in financial services offered via mobile phones, a global, multi-billion-dollar industry in which developing economies play an important role. We used the complete list of mobile financial services, as reported by the GSM Association, and collected detailed histories of the development of the services and their innovation process. Our analysis, the first of its kind, shows that 85% of the innovations in this field originated in developing countries. We also conclude that, at least 50% of all mobile financial services were pioneered by users, approximately 45% by producers, and the remaining were jointly developed by users and producers. The main factors contributing to these innovations to occur in developing countries are the high levels of need, the existence of flexible platforms, in combination with increased access to information and communication technology. Additionally, services developed by users diffused at more than double the rate of producer-innovations. Finally, we observe that three-quarters of the innovations that originated in non-OECD countries have already diffused to OECD countries, and that the (user) innovations are therefore globally meaningful. This study suggests that the traditional North-to-South diffusion framework fails to explain these new sources of innovation and may require re-examination.

Journal article

Gonzalez-Brambila CN, Veloso FM, Krackhardt D, 2013, The impact of network embeddedness on research output, RESEARCH POLICY, Vol: 42, Pages: 1555-1567, ISSN: 0048-7333

Journal article

Branstetter L, Li G, Veloso F, 2013, THE POLYGLOT PATENT BOOM, SCIENTIFIC AMERICAN, Vol: 309, Pages: 62-63, ISSN: 0036-8733

Journal article

Horta H, Dautel V, Veloso FM, 2012, An output perspective on the teaching-research nexus: an analysis focusing on the United States higher education system, STUDIES IN HIGHER EDUCATION, Vol: 37, Pages: 171-187, ISSN: 0307-5079

Journal article

Lee J, Veloso FM, Hounshell DA, 2011, Linking induced technological change, and environmental regulation: Evidence from patenting in the US auto industry, RESEARCH POLICY, Vol: 40, Pages: 1240-1252, ISSN: 0048-7333

Journal article

Vaccaro A, Brusoni S, Veloso FM, 2011, Virtual Design, Problem Framing, and Innovation: An Empirical Study in the Automotive Industry, JOURNAL OF MANAGEMENT STUDIES, Vol: 48, Pages: 99-122, ISSN: 0022-2380

Journal article

Vaccaro A, Parente R, Veloso FM, 2010, Knowledge Management Tools, Inter-Organizational Relationships, Innovation and Firm Performance, TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE, Vol: 77, Pages: 1076-1089, ISSN: 0040-1625

Journal article

Fifarek BJ, Veloso FM, 2010, Offshoring and the global geography of innovation, JOURNAL OF ECONOMIC GEOGRAPHY, Vol: 10, Pages: 559-578, ISSN: 1468-2702

Journal article

Dias MB, Reyes-Gonzalez L, Veloso FM, Casman EAet al., 2010, Effects of the USA PATRIOT Act and the 2002 Bioterrorism Preparedness Act on select agent research in the United States, PROCEEDINGS OF THE NATIONAL ACADEMY OF SCIENCES OF THE UNITED STATES OF AMERICA, Vol: 107, Pages: 9556-9561, ISSN: 0027-8424

Journal article

Lee J, Veloso FM, Hounshell DA, Rubin ESet al., 2010, Forcing technological change: A case of automobile emissions control technology development in the US, TECHNOVATION, Vol: 30, Pages: 249-264, ISSN: 0166-4972

Journal article

Horta H, Veloso FM, Grediaga R, 2010, Navel Gazing: Academic Inbreeding and Scientific Productivity, MANAGEMENT SCIENCE, Vol: 56, Pages: 414-429, ISSN: 0025-1909

Journal article

McDowell W, Reyes-Gonzalez L, Veloso FM, 2010, The evolution of community structure in a coauthorship network, Pages: 115-120

Mechanisms such as triadic closure and preferential attachment drive the evolution of social networks. Many models use these mechanisms to predict future links, and they generate realistic networks with scale-free degree distributions. These social networks also have community structure, or sets of vertices which are more connected to each other than the rest of the network. To study the evolution of research groups of scientists in a coauthorship network, we use a time-heterarchy representation to extend the mechanisms driving the evolution of the network to the level of this community structure. Specifically, we examine changes in the structure of groups in terms of mechanisms analogous to triadic closure and preferential attachment, and as a result, we find that the network evolves in the same way at the group-level and the individual-level. In addition, we find that interactions at the group-level might affect interactions at the individual-level in that members of a single group are more likely to strengthen their relationships than members of separate groups.

Conference paper

Vaccaro A, Veloso F, Brusoni S, 2009, The impact of virtual technologies on knowledge-based processes: An empirical study, RESEARCH POLICY, Vol: 38, Pages: 1278-1287, ISSN: 0048-7333

Journal article

Pereira PL, Veloso FM, 2009, R&D Activity Selection Process: Building a Strategy-Aligned R&D Portfolio for Government and Nonprofit Organizations, IEEE TRANSACTIONS ON ENGINEERING MANAGEMENT, Vol: 56, Pages: 95-105, ISSN: 0018-9391

Journal article

Vaccaro A, Veloso F, Brusoni S, 2008, The impact of virtual technologies on organizational knowledge creation: An empirical study, ISSN: 1530-1605

This study examines the processes of organizational knowledge creation in two highly virtualized teams, one involved in the design of a small city car and the second in the re-design of a small industrial vehicle. Using Nonaka's model of organizational knowledge creation, we explore how the virtualization of knowledge based processes, i.e. the intensive exploitation of ICTs in support of knowledge-based activities, has shaped new forms of knowledge creation both at individual and organizational level. In contrast with previous studies [1] that identified knowledge codification as the main contribution of ICTs, this study provides detailed micro-level evidence on the ability of virtual technologies to support the transfer and the creation of new knowledge both at explicit and tacit levels. Several implications for scholars and practitioners are presented. © 2008 IEEE.

Conference paper

Lee J, Veloso FM, 2008, Interfirm innovation under uncertainty: Empirical evidence for strategic knowledge partitioning, JOURNAL OF PRODUCT INNOVATION MANAGEMENT, Vol: 25, Pages: 418-435, ISSN: 0737-6782

Journal article

Benner MJ, Veloso FM, 2008, ISO 9000 practices and financial performance: A technology coherence perspective, JOURNAL OF OPERATIONS MANAGEMENT, Vol: 26, Pages: 611-629, ISSN: 0272-6963

Journal article

Wolter C, Veloso FM, 2008, The effects of innovation on vertical structure: Perspectives on transaction costs and competences, ACADEMY OF MANAGEMENT REVIEW, Vol: 33, Pages: 586-605, ISSN: 0363-7425

Journal article

Fifarek BJ, Veloso FM, Davidson CI, 2008, Offshoring technology innovation: A case study of rare-earth technology, JOURNAL OF OPERATIONS MANAGEMENT, Vol: 26, Pages: 222-238, ISSN: 0272-6963

Journal article

Horta H, Veloso FM, 2007, Opening the box: Comparing EU and US scientific output by scientific field, TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE, Vol: 74, Pages: 1334-1356, ISSN: 0040-1625

Journal article

Gonzalez-Brambila C, Veloso FM, 2007, The determinants of research output and impact: A study of Mexican researchers, RESEARCH POLICY, Vol: 36, Pages: 1035-1051, ISSN: 0048-7333

Journal article

Junqueira Botelho AJ, Stefanuto G, Veloso F, 2007, The Brazilian Software Industry, From Underdogs to Tigers: The Rise and Growth of the Software Industry in Brazil, China, India, Ireland, and Israel, ISBN: 9780199275601

Starting in the early 1990s, a growing and increasingly open Brazilian economy spurred extraordinary development in the domestic IT and software sectors. Firms across the economy invested in IT and created demand for the nascent software industry. However, the market incentives drove a number of software firms towards serving numerous regional clients, instead of the riskier strategy of investing in product development or pursuing service exports. As a result, Brazilian companies matured more slowly compared to India and other developing countries emerging as lead players in the international software market. Industry prospects changed with the emergence of lead domestic client sectors in banking and telecom, and with the growth of competition, coupled with a strong entrepreneurial culture. These observations demonstrate that there are alternative paths to those followed by India, Ireland, and Israel in the acquisition of competencies in the software industry.

Book chapter

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