What determines the innovation capability of firm founders?
AbstractInnovative start-ups, not start-ups in general, seem to be important drivers of economic growth. However, little is known about what such firms look like. As activities of start-ups are strongly related to firm founders, we investigate this question focusing on the innovation capability of firm founders. We find that the combination of different founder characteristics such as university education (at best a combination of technical and commercial education), prior experience in R&D, and strong motivation to realize own innovative ideas increases the likelihood that a start-up has innovative activities, especially the likelihood of R&D activities, by >40%. Copyright 2012 The Author 2012. Published by Oxford University Press on behalf of Associazione ICC. All rights reserved., Oxford University Press.
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Bibliographic InfoArticle provided by Oxford University Press in its journal Industrial and Corporate Change.
Volume (Year): 21 (2012)
Issue (Month): 4 (August)
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Other versions of this item:
- Spyros Arvanitis & Tobias Stucki, 2010. "What Determines the Innovation Capability of Firm Founders?," KOF Working papers 10-265, KOF Swiss Economic Institute, ETH Zurich.
- M13 - Business Administration and Business Economics; Marketing; Accounting - - Business Administration - - - New Firms; Startups
- L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
- O30 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - General
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