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Young firm growth in high-tech sectors: The role of founders’ human capital

In: Innovation, Industrial Dynamics and Structural Transformation

Author

Listed:
  • Massimo G. Colombo

    (Politecnico di Milano)

  • Luca Grilli

    (Politecnico di Milano)

Abstract

The aim of this paper is to analyze empirically the relation between the human capital of the founding team and the growth of new technology-based firms through the estimates of econometric models. For this purpose, we take advantage of a new data set relating to a sample composed of 391 young Italian firms that operate in high-tech industries in both manufacturing and services. In particular, due to a detailed description of the personal characteristics of firms’ founders, we are able to disentangle the “wealth” and “entrepreneurial ability” effects of human capital. We also investigate the nature of the synergies that eventually arise from the presence within the founding team of complementary industry-specific professional skills.

Suggested Citation

  • Massimo G. Colombo & Luca Grilli, 2007. "Young firm growth in high-tech sectors: The role of founders’ human capital," Springer Books, in: Uwe Cantner & Franco Malerba (ed.), Innovation, Industrial Dynamics and Structural Transformation, pages 67-86, Springer.
    • Handle: RePEc:spr:sprchp:978-3-540-49465-2_5
    DOI: 10.1007/978-3-540-49465-2_5
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    Cited by:

    1. Egle Vaznyte & Petra Andries & Sarah Demeulemeester, 2021. "“Don’t leave me this way!” Drivers of parental hostility and employee spin-offs’ performance," Small Business Economics, Springer, vol. 57(1), pages 265-293, June.
    2. Alexandra Tsvetkova & Jean-Claude Thill & Deborah Strumsky, 2014. "Metropolitan innovation, firm size, and business survival in a high-tech industry," Small Business Economics, Springer, vol. 43(3), pages 661-676, October.

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