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Embracing an entrepreneurial ecosystem: an analysis of the governance of research joint ventures

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  • David B. Audretsch

    (Indiana University)

  • Albert N. Link

    (University of North Carolina at Greensboro)

Abstract

In this paper, we examine how one important type of relationship, research joint ventures (RJVs), is governed within the context of an entrepreneurial ecosystem. Based on agency theory, we investigate the relationship between the governance structure of an RJV and the likelihood that the venture will embrace elements of its research-based ecosystem, that is, the likelihood that the RJV will invite a university to become a research member of the venture. Using data from the National Research Joint Venture Database, we find that when the governance structure of the RJV affords the organizer/leader and research director (the principal) the ability to exert control over the activities of the other members of the RJV (the agents), universities are less likely to be invited to participate as a research member.

Suggested Citation

  • David B. Audretsch & Albert N. Link, 2019. "Embracing an entrepreneurial ecosystem: an analysis of the governance of research joint ventures," Small Business Economics, Springer, vol. 52(2), pages 429-436, February.
    • Handle: RePEc:kap:sbusec:v:52:y:2019:i:2:d:10.1007_s11187-017-9953-8
    DOI: 10.1007/s11187-017-9953-8
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    13. Barry Bozeman & Albert N. Link, 2015. "Toward an assessment of impacts from US technology and innovation policies," Science and Public Policy, Oxford University Press, vol. 42(3), pages 369-376.
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    17. Link, Albert N., 2015. "Capturing Knowledge: Private Gains and Public Gains from University Research Partnerships," Foundations and Trends(R) in Entrepreneurship, now publishers, vol. 11(3), pages 139-206, November.
    18. Albert N. Link, 2017. "Ideation, entrepreneurship, and innovation," Small Business Economics, Springer, vol. 48(2), pages 279-285, February.
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    Cited by:

    1. Attila Lajos Makai, 2021. "Startup Ecosystem Rankings," Papers 2112.11931, arXiv.org.
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    3. Zhe Cao & Xianwei Shi, 2021. "A systematic literature review of entrepreneurial ecosystems in advanced and emerging economies," Small Business Economics, Springer, vol. 57(1), pages 75-110, June.
    4. Gregory O’Shea & Steffen Farny & Henri Hakala, 2021. "The buzz before business: a design science study of a sustainable entrepreneurial ecosystem," Small Business Economics, Springer, vol. 56(3), pages 1097-1120, February.
    5. Christine Volkmann & Klaus Fichter & Magnus Klofsten & David B. Audretsch, 2021. "Sustainable entrepreneurial ecosystems: an emerging field of research," Small Business Economics, Springer, vol. 56(3), pages 1047-1055, February.
    6. Han, Jin & Ruan, Yi & Wang, Yanmin & Zhou, Haibo, 2021. "Toward a complex adaptive system: The case of the Zhongguancun entrepreneurship ecosystem," Journal of Business Research, Elsevier, vol. 128(C), pages 537-550.
    7. Luis Pedauga & Francisco Sáez & Blanca L. Delgado-Márquez, 2022. "Macroeconomic lockdown and SMEs: the impact of the COVID-19 pandemic in Spain," Small Business Economics, Springer, vol. 58(2), pages 665-688, February.
    8. Massimo G. Colombo & Giovanni Battista Dagnino & Erik E. Lehmann & MariPaz Salmador, 2019. "The governance of entrepreneurial ecosystems," Small Business Economics, Springer, vol. 52(2), pages 419-428, February.
    9. Wenjing Wang & Yiwei Liu, 2022. "Does University-industry innovation community affect firms’ inventions? The mediating role of technology transfer," The Journal of Technology Transfer, Springer, vol. 47(3), pages 906-935, June.
    10. Luiza Ossowska & Dorota Janiszewska & Grzegorz Kwiatkowski, 2023. "The Entrepreneurship Ecosystem of Food Festivals—A Vendors’ Approach," Sustainability, MDPI, vol. 15(2), pages 1-19, January.
    11. Colin Donaldson, 2021. "Culture in the entrepreneurial ecosystem: a conceptual framing," International Entrepreneurship and Management Journal, Springer, vol. 17(1), pages 289-319, March.
    12. Bonomi Santos, Juliana & Fernandes, Aline Rodrigues & de Oliveira, Pedro Tonhozi & Maia, Laís Moltene & Partyka, Raul Beal, 2023. "Increasing entrepreneurial ecosystem-level outcomes through orchestration: A proposed framework," Technovation, Elsevier, vol. 128(C).
    13. Lori DiVito & Zita Ingen-Housz, 2021. "From individual sustainability orientations to collective sustainability innovation and sustainable entrepreneurial ecosystems," Small Business Economics, Springer, vol. 56(3), pages 1057-1072, February.
    14. Ana-Maria Grigore & Irina-Maria Dragan, 2020. "Towards Sustainable Entrepreneurial Ecosystems in a Transitional Economy: An Analysis of Two Romanian City-Regions through the Lens of Entrepreneurs," Sustainability, MDPI, vol. 12(15), pages 1-21, July.
    15. De Keyser, Bart & Vandenbempt, Koen, 2023. "Processes of practice in the realm of theory: Unveiling the dynamics of academic intrapreneurship," Technovation, Elsevier, vol. 126(C).
    16. Angelo Cavallo & Antonio Ghezzi & Raffaello Balocco, 2019. "Entrepreneurial ecosystem research: present debates and future directions," International Entrepreneurship and Management Journal, Springer, vol. 15(4), pages 1291-1321, December.
    17. Samiullah & Abdul Sami & Tooba Ahmad, 2021. "Entrepreneurial Ecosystem and Performance of SMEs in Pakistan," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(2), pages 192-204.
    18. Sara Moggi & Paul Pierce & Nicole Bernardi, 2022. "From sustainability to thrivability: A novel framework for entrepreneurial ecosystems," International Entrepreneurship and Management Journal, Springer, vol. 18(2), pages 829-853, June.
    19. Ondřej Dvouletý & Ivana Blažková, 2019. "The Impact of Public Grants on Firm-Level Productivity: Findings from the Czech Food Industry," Sustainability, MDPI, vol. 11(2), pages 1-24, January.
    20. Angelo Cavallo & Antonio Ghezzi & Cristina Rossi-Lamastra, 2021. "Small-medium enterprises and innovative startups in entrepreneurial ecosystems: exploring an under-remarked relation," International Entrepreneurship and Management Journal, Springer, vol. 17(4), pages 1843-1866, December.
    21. Sylvia Hubner & Fabian Most & Jochen Wirtz & Christine Auer, 2022. "Narratives in entrepreneurial ecosystems: drivers of effectuation versus causation," Small Business Economics, Springer, vol. 59(1), pages 211-242, June.
    22. David B. Audretsch & James A. Cunningham & Donald F. Kuratko & Erik E. Lehmann & Matthias Menter, 2019. "Entrepreneurial ecosystems: economic, technological, and societal impacts," The Journal of Technology Transfer, Springer, vol. 44(2), pages 313-325, April.
    23. Eva Panetti & Adele Parmentola & Marco Ferretti & Elisabeth Beck Reynolds, 2020. "Exploring the relational dimension in a smart innovation ecosystem: a comprehensive framework to define the network structure and the network portfolio," The Journal of Technology Transfer, Springer, vol. 45(6), pages 1775-1796, December.

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    More about this item

    Keywords

    Research joint venture; R&D; Technology; Entrepreneurship; Innovation; Agency theory;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital

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