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Technological Opportunities and New Firm Creation

Author

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  • Scott Shane

    (3355 Van Munching Hall, R.H. Smith School of Business, University of Maryland, College Park, Maryland 20742)

Abstract

Research on the creation of new high-technology companies has typically focused either on industry-level factors such as market structure and technology regime or on individual-level factors such as the work experience of entrepreneurs. This study complements these approaches by examining the effect of technological opportunities on firm formation. In particular, the study shows that the probability that an invention will be commercialized through firm formation is influenced by its importance, radicalness, and patent scope.

Suggested Citation

  • Scott Shane, 2001. "Technological Opportunities and New Firm Creation," Management Science, INFORMS, vol. 47(2), pages 205-220, February.
    • Handle: RePEc:inm:ormnsc:v:47:y:2001:i:2:p:205-220
    DOI: 10.1287/mnsc.47.2.205.9837
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    References listed on IDEAS

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