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Prior Knowledge and Entrepreneurial Innovative Success

In: Entrepreneurship and Culture

Author

Listed:
  • Uwe Cantner

    (Friedrich Schiller University Jena)

  • Maximilian Goethner
  • Andreas Meder

Abstract

This 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.

Suggested Citation

  • Uwe Cantner & Maximilian Goethner & Andreas Meder, 2010. "Prior Knowledge and Entrepreneurial Innovative Success," Springer Books, in: Andreas Freytag & Roy Thurik (ed.), Entrepreneurship and Culture, chapter 0, pages 79-94, Springer.
    • Handle: RePEc:spr:sprchp:978-3-540-87910-7_5
    DOI: 10.1007/978-3-540-87910-7_5
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    References listed on IDEAS

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    1. Ronstadt, Robert, 1988. "The Corridor Principle," Journal of Business Venturing, Elsevier, vol. 3(1), pages 31-40.
    2. David J. TEECE, 2008. "Profiting from technological innovation: Implications for integration, collaboration, licensing and public policy," World Scientific Book Chapters, in: The Transfer And Licensing Of Know-How And Intellectual Property Understanding the Multinational Enterprise in the Modern World, chapter 5, pages 67-87, World Scientific Publishing Co. Pte. Ltd..
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    More about this item

    Keywords

    Prior Knowledge; Entrepreneurial Opportunity; Venture Creation; Firm Formation; Correct Forecast;
    All these keywords.

    JEL classification:

    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification

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