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Intellectual Property Protection and the Formation of Entrepreneurial Growth Aspirations

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Author Info

  • Erkko Autio

    ()

  • Zoltan Acs

    ()

Abstract

Applying real options logic, we build and test a multi-level model that explicates the influence of a country’s intellectual property protection regime on the effect of human and financial capital on growth aspirations. The results suggest that the strength of the intellectual property regime moderates negatively the relationship between an individual's education and entrepreneurial growth aspirations; and it moderates positively the relationship between an individual’s household income and growth aspirations. Intellectual property protection thereby encourages specialization amongst differently qualified entrepreneurs. Our findings support claims that strategic entrepreneurial behaviors cannot be fully understood without giving attention to the context in which those behaviors are observed.

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Bibliographic Info

Paper provided by Global Entrepreneurship Research Association in its series Global Entrepreneurship Monitor Working Paper Series with number 1104.

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Length: 21 pages
Date of creation: Jul 2010
Date of revision: Jul 2010
Publication status: Published as GMU School of Public Policy Research Paper No. 2010-22 - later version in Strategic Entrepreneurship Journal (2010).
Handle: RePEc:gem:wpaper:1104

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Web page: http://www.gemconsortium.org
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Related research

Keywords: Strategic Entrepreneurship; Intellectual Property Protection; Growth Aspirations; Multi-Level Analysis;

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Cited by:
  1. Wim Naudé & José Amorós & Oscar Cristi, 2014. "“Surfeiting, the appetite may sicken”: entrepreneurship and happiness," Small Business Economics, Springer, vol. 42(3), pages 523-540, March.
  2. Stenholm, Pekka & Acs, Zoltan J. & Wuebker, Robert, 2013. "Exploring country-level institutional arrangements on the rate and type of entrepreneurial activity," Journal of Business Venturing, Elsevier, vol. 28(1), pages 176-193.
  3. Claudia Álvarez & David Urbano & José Amorós, 2014. "GEM research: achievements and challenges," Small Business Economics, Springer, vol. 42(3), pages 445-465, March.
  4. José Ernesto Amoros & Niels Bosma & Jonathan Levie, 2011. "Ten Years of Global Entrepreneurship Monitor: Accomplishments and Prospects," Global Entrepreneurship Monitor Working Paper Series 1105, Global Entrepreneurship Research Association, revised Aug 2011.
  5. Ács, Zoltán J. & Autio, Erkko & Szerb, László, 2014. "National Systems of Entrepreneurship: Measurement issues and policy implications," Research Policy, Elsevier, vol. 43(3), pages 476-494.
  6. Kim, Phillip H. & Li, Mingxiang, 2014. "Injecting demand through spillovers: Foreign direct investment, domestic socio-political conditions, and host-country entrepreneurial activity," Journal of Business Venturing, Elsevier, vol. 29(2), pages 210-231.
  7. HERMANS, Julie & VANDERSTRAETEN, Johanna & DEJARDIN, Marcus & RAMDANI, Dendi & STAM, Erik & VAN WITTELOOSTUIJN, Arjen, 2012. "Ambitious entrepreneurship: Antecedents and consequences," Working Papers 2012023, University of Antwerp, Faculty of Applied Economics.
  8. Zoltan Acs & Siri Terjesen, 2013. "Born local: toward a theory of new venture’s choice of internationalization," Small Business Economics, Springer, vol. 41(3), pages 521-535, October.
  9. Sharon Simmons & Johan Wiklund & Jonathan Levie, 2014. "Stigma and business failure: implications for entrepreneurs’ career choices," Small Business Economics, Springer, vol. 42(3), pages 485-505, March.
  10. Jose L. Gonzalez-Pernia & Iñaki Peña-Legazkue, 2012. "Regional FDI, technological knowledge and Export-Oriented Entrepreneurs in Spain," ERSA conference papers ersa12p912, European Regional Science Association.
  11. Wennberg, Karl & Wiklund, Johan & Wright, Mike, 2011. "The effectiveness of university knowledge spillovers: Performance differences between university spinoffs and corporate spinoffs," Research Policy, Elsevier, vol. 40(8), pages 1128-1143, October.
  12. Estrin, Saul & Korosteleva, Julia & Mickiewicz, Tomasz, 2013. "Which institutions encourage entrepreneurial growth aspirations?," Journal of Business Venturing, Elsevier, vol. 28(4), pages 564-580.
  13. Bosma, Niels, 2013. "The Global Entrepreneurship Monitor (GEM) and Its Impact on Entrepreneurship Research," Foundations and Trends(R) in Entrepreneurship, now publishers, vol. 9(2), pages 143-248, February.
  14. Jonathan Levie & Erkko Autio & Zoltan Acs & Mark Hart, 2014. "Global entrepreneurship and institutions: an introduction," Small Business Economics, Springer, vol. 42(3), pages 437-444, March.

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