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Intellectual Property Protection and the Formation of Entrepreneurial Growth Aspirations

  • Erkko Autio


  • Zoltan Acs


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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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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