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Prior knowledge and entrepreneurial innovative success

  • Uwe Cantner

    ()

    (School of Business and Economics, Friedrich-Schiller University Jena, Germany)

  • Maximilian Goethner

    ()

    (School of Business and Economics, Friedrich-Schiller University Jena, Germany)

  • Andreas Meder

    ()

    (School of Business and Economics, Friedrich-Schiller University Jena, Germany)

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.

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Paper provided by Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics in its series Jena Economic Research Papers with number 2007-052.

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Date of creation: 27 Aug 2007
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Handle: RePEc:jrp:jrpwrp:2007-052
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  1. Steven Klepper & Sally Sleeper, 2005. "Entry by Spinoffs," Management Science, INFORMS, vol. 51(8), pages 1291-1306, August.
  2. Piergiuseppe Morone & Richard Taylor, 2004. "Knowledge diffusion dynamics and network properties of face-to-face interactions," Journal of Evolutionary Economics, Springer, vol. 14(3), pages 327-351, 07.
  3. Olav Sorenson, 2003. "Social networks and industrial geography," Journal of Evolutionary Economics, Springer, vol. 13(5), pages 513-527, December.
  4. Klepper, Steven, 2001. "Employee Startups in High-Tech Industries," Industrial and Corporate Change, Oxford University Press, vol. 10(3), pages 639-74, September.
  5. Teece, David J., 1986. "Profiting from technological innovation: Implications for integration, collaboration, licensing and public policy," Research Policy, Elsevier, vol. 15(6), pages 285-305, December.
  6. Pavitt, Keith, 1991. "What makes basic research economically useful?," Research Policy, Elsevier, vol. 20(2), pages 109-119, April.
  7. Ronstadt, Robert, 1988. "The Corridor Principle," Journal of Business Venturing, Elsevier, vol. 3(1), pages 31-40.
  8. Paul Westhead & Deniz Ucbasaran & Mike Wright & Martin Binks, 2005. "Novice, Serial and Portfolio Entrepreneur Behaviour and Contributions," Small Business Economics, Springer, vol. 25(2), pages 109-132, 09.
  9. Terza, Joseph V., 2006. "Optimal discrete prediction in parametric binary response models," Economics Letters, Elsevier, vol. 91(1), pages 72-75, April.
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