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Entrepreneurial Access and Absorption of Knowledge Spillovers: Strategic Board and Managerial Composition for Competitive Advan

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  • Audretsch, David
  • Lehmann, Erik E

Abstract

The resource theory of the firm implies that knowledge is a key resource bestowing a competitive advantage for entrepreneurial firms. However, it remains rather unclear up to now, how new ventures and small business can access knowledge resources. The purpose of this paper is to suggest two strategies in particular that facilitate entrepreneurial access to and absorption of external knowledge spillovers: the attraction of managers and directors with an academic background. Based on data on board composition of 295 high technology firms, the results clearly demonstrate the strong link between geographical proximity to research intense universities and board composition.

Suggested Citation

  • Audretsch, David & Lehmann, Erik E, 2005. "Entrepreneurial Access and Absorption of Knowledge Spillovers: Strategic Board and Managerial Composition for Competitive Advan," CEPR Discussion Papers 5335, C.E.P.R. Discussion Papers.
    • Handle: RePEc:cpr:ceprdp:5335
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    Cited by:

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    3. Hugo Priemus, 2011. "URBAN DUTCH: Synergy Between Transport Infrastructures and Cities. Towards a Higher Productivity of the Economy," ERSA conference papers ersa11p1267, European Regional Science Association.
    4. Michael W. P. Fortunato & Theodore R. Alter & Sujana Adapa & Philip Thomas, 2017. "Intentional Innovation Communities: Concepts and Preliminary Evidence," Economic Development Quarterly, , vol. 31(2), pages 100-115, May.
    5. Jackie Krafft & Jacques-Laurent Ravix, 2009. "The Governance of the Knowledge-Intensive Firm in an Industry Life Cycle Approach," Chapters, in: Mario Morroni (ed.), Corporate Governance, Organization and the Firm, chapter 3, Edward Elgar Publishing.
    6. Jackie Krafft & Yiping Qu & Jacques-Laurent Ravix, 2008. "Corporate governance, industry dynamics and firms performance on the stock market," Post-Print hal-00203544, HAL.
    7. Massimo Colombo & Diego D’Adda & Evila Piva, 2010. "The contribution of university research to the growth of academic start-ups: an empirical analysis," The Journal of Technology Transfer, Springer, vol. 35(1), pages 113-140, February.

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    Board composition; University spillover; entrepreneurship; Corporate governance;
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