Prior knowledge and entrepreneurial innovative success
AbstractThis paper is concerned with the relationship between innovative success of entrepreneurs and their prior knowledge at the stage of firm formation. We distinguish between different kinds of experience an entrepreneur can possess and find evidence that the innovative success subsequent to firm formation is enhanced by entrepreneur's prior technological knowledge but not by prior market and organizational knowledge. Moreover we find that prior technological knowledge gathered through embeddedness within a research community has an additionally positive influence on post start-up innovative success. This is a first hint towards the importance of collective innovation activities.
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Bibliographic InfoPaper provided by Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics in its series Jena Economic Research Papers with number 2007-052.
Date of creation: 27 Aug 2007
Date of revision:
Entrepreneurship; Networks; Prior knowledge;
Find related papers by JEL classification:
- L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
- O31 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
- Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Social and Economic Stratification
This paper has been announced in the following NEP Reports:
- NEP-ALL-2007-09-02 (All new papers)
- NEP-BEC-2007-09-02 (Business Economics)
- NEP-CSE-2007-09-02 (Economics of Strategic Management)
- NEP-ENT-2007-09-02 (Entrepreneurship)
- NEP-INO-2007-09-02 (Innovation)
- NEP-IPR-2007-09-02 (Intellectual Property Rights)
- NEP-KNM-2007-09-02 (Knowledge Management & Knowledge Economy)
- NEP-NET-2007-09-02 (Network Economics)
- NEP-SOC-2007-09-02 (Social Norms & Social Capital)
- NEP-TID-2007-09-02 (Technology & Industrial Dynamics)
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