Public knowledge, private knowledge: the intellectual capital of entrepreneurs
AbstractThis paper focuses on the innovative actions of entrepreneurs, namely their tendency to reveal the intellectual capital that results from their research efforts either in the form of public knowledge (publications) or private knowledge (patents). Using data collected by the National Research Council within the U.S. National Academies from their survey of firm's that received National Institutes of Health Phase II Small Business Innovation Research awards between 1992 and 2001, we find that entrepreneurs with academic backgrounds are more likely to publish their intellectual capital compared to entrepreneurs with business backgrounds, who are more likely to patent their intellectual capital. We also find that when universities are research partners, their presence complements the tendencies of academic entrepreneurs but does not offset those of business entrepreneurs.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Springer in its journal Small Business Economics.
Volume (Year): 36 (2011)
Issue (Month): 1 (January)
Contact details of provider:
Web page: http://www.springerlink.com/link.asp?id=100338
Intellectual capital; Publications; Patents; University research partners; O31; M14; L26;
Other versions of this item:
- Albert Link & Christopher Ruhm, 2009. "Public Knowledge, Private Knowledge: The Intellectual Capital of Entrepreneurs," NBER Working Papers 14797, National Bureau of Economic Research, Inc.
- M14 - Business Administration and Business Economics; Marketing; Accounting - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
- O31 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Pierre Azoulay & Waverly Ding & Toby Stuart, 2006. "The Impact of Academic Patenting on the Rate, Quality, and Direction of (Public) Research Output," NBER Working Papers 11917, National Bureau of Economic Research, Inc.
- Geuna, Aldo & Nesta, Lionel J.J., 2006. "University patenting and its effects on academic research: The emerging European evidence," Research Policy, Elsevier, vol. 35(6), pages 790-807, July.
- Baumol, William J, 1990. "Entrepreneurship: Productive, Unproductive, and Destructive," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 893-921, October.
- Heckman, James, 2013.
"Sample selection bias as a specification error,"
Publishing House "SINERGIA PRESS", vol. 31(3), pages 129-137.
- Langlois, Richard N & Foss, Nicolai J, 1999.
"Capabilities and Governance: The Rebirth of Production in the Theory of Economic Organization,"
Wiley Blackwell, vol. 52(2), pages 201-18.
- Richard N. Langlois & Nicolai J. Foss, 1997. "Capabilities and Governance the Rebirth of Production in the Theory of Economic Organization," DRUID Working Papers 97-2, DRUID, Copenhagen Business School, Department of Industrial Economics and Strategy/Aalborg University, Department of Business Studies.
- Richard N. Langlois & Nicolai J. Foss, 1996. "Capabilities and Governance the Rebirth of Production in the Theory of Economic Organization," Working papers 1996-02, University of Connecticut, Department of Economics.
- Colombo, Massimo G. & Grilli, Luca, 2005. "Founders' human capital and the growth of new technology-based firms: A competence-based view," Research Policy, Elsevier, vol. 34(6), pages 795-816, August.
- David Audretsch, 2009.
"The entrepreneurial society,"
The Journal of Technology Transfer,
Springer, vol. 34(3), pages 245-254, June.
- Robert A. Baron & Michael D. Ensley, 2006. "Opportunity Recognition as the Detection of Meaningful Patterns: Evidence from Comparisons of Novice and Experienced Entrepreneurs," Management Science, INFORMS, vol. 52(9), pages 1331-1344, September.
- Alfred D. Chandler, 1992. "Organizational Capabilities and the Economic History of the Industrial Enterprise," Journal of Economic Perspectives, American Economic Association, vol. 6(3), pages 79-100, Summer.
- H�bert, Robert F. & Link, Albert N., 2007. "Historical Perspectives on the Entrepreneur," Foundations and Trends(R) in Entrepreneurship, now publishers, vol. 2(4), pages 261-408, February.
- Albert N. Link & Christopher J. Ruhm, 2008.
"Bringing Science to Market: Commercializing from NIH SBIR Awards,"
NBER Working Papers
14057, National Bureau of Economic Research, Inc.
- Albert Link & Christopher Ruhm, 2009. "Bringing science to market: commercializing from NIH SBIR awards," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 18(4), pages 381-402.
- Scott Stern, 2004. "Do Scientists Pay to Be Scientists?," Management Science, INFORMS, vol. 50(6), pages 835-853, June.
- Baumol William J. & Litan Robert E & Schramm Carl J, 2007. "Sustaining Entrepreneurial Capitalism," Capitalism and Society, De Gruyter, vol. 2(2), pages 1-38, November.
- Robert Hébert & Albert Link, 2006. "The Entrepreneur as Innovator," The Journal of Technology Transfer, Springer, vol. 31(5), pages 589-597, 09.
- Stuart, Toby E. & Ozdemir, Salih Zeki & Ding, Waverly W., 2007. "Vertical alliance networks: The case of university-biotechnology-pharmaceutical alliance chains," Research Policy, Elsevier, vol. 36(4), pages 477-498, May.
- Cole, Arthur H., 1946. "An Approach to the Study of Entrepreneurship: A Tribute to Edwin F. Gay," The Journal of Economic History, Cambridge University Press, vol. 6(S1), pages 1-15, January.
- Audretsch, David B. & Leyden, Dennis P. & Link, Albert N., 2012.
"Universities as Research Partners in Publicly Supported Entrepreneurial Firms,"
12-2, University of North Carolina at Greensboro, Department of Economics.
- David B. Audretsch & Dennis P. Leyden & Albert N. Link, 2012. "Universities as research partners in publicly supported entrepreneurial firms," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 21(5-6), pages 529-545, December.
- Albert N. Link & Christopher J. Ruhm, 2011.
"Creativity and the Family Tree: Human Capital Endowments and the Propensity of Entrepreneurs to Patent,"
NBER Working Papers
17441, National Bureau of Economic Research, Inc.
- Link, Albert N. & Ruhm, Christopher J., 2011. "Creativity and the Family Tree: Human Capital Endowments and the Propensity of Entrepreneurs to Patent," Working Papers 11-15, University of North Carolina at Greensboro, Department of Economics.
- Link, Albert N. & Ruhm, Christopher J., 2011. "Creativity and the Family Tree: Human Capital Endowments and the Propensity of Entrepreneurs to Patent," IZA Discussion Papers 5988, Institute for the Study of Labor (IZA).
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Guenther Eichhorn) or (Christopher F. Baum).
If references are entirely missing, you can add them using this form.