IDEAS home Printed from https://ideas.repec.org/p/ris/uncgec/2018_006.html
   My bibliography  Save this paper

Innovation Capital

Author

Listed:
  • Audretsch, David

    (Indiana University)

  • Link, Albert

    (University of North Carolina at Greensboro, Department of Economics)

Abstract

In this paper we compare the relationship between a firm’s innovation capital and the likelihood that a firm will commercialize an invention. Our index of innovation capital is the product of the firm’s human capital, social capital, and reputational capital. We find from our empirical experiment, which uses Small Business Innovation Research (SBIR) data, that innovation capital is a statistically more important entrepreneurial input to the innovation output of commercialization than any of its components.

Suggested Citation

  • Audretsch, David & Link, Albert, 2018. "Innovation Capital," UNCG Economics Working Papers 18-6, University of North Carolina at Greensboro, Department of Economics.
  • Handle: RePEc:ris:uncgec:2018_006
    as

    Download full text from publisher

    File URL: https://bryan.uncg.edu/wp-content/uploads/2018/02/18-06-Innovation-Capital.pdf
    File Function: Full text
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Albert N. Link & John T. Scott, 2013. "Governments as entrepreneur: Evaluating the commercialization success of SBIR projects," Chapters, in: Public Support of Innovation in Entrepreneurial Firms, chapter 2, pages 25-38, Edward Elgar Publishing.
    2. Leyden, Dennis Patrick & Link, Albert N., 2015. "Public Sector Entrepreneurship: U.S. Technology and Innovation Policy," OUP Catalogue, Oxford University Press, number 9780199313853.
    3. Paldam, Martin, 2000. "Social Capital: One or Many? Definition and Measurement," Journal of Economic Surveys, Wiley Blackwell, vol. 14(5), pages 629-653, December.
    4. Arndt Werner & Christian Schröder & Simone Chlosta, 2018. "Driving factors of innovation in family and non-family SMEs," Small Business Economics, Springer, vol. 50(1), pages 201-218, January.
    5. Albert N. Link & John T. Scott, 2013. "Employment growth from public support of innovation in small firms," Chapters, in: Public Support of Innovation in Entrepreneurial Firms, chapter 3, pages 41-64, Edward Elgar Publishing.
    6. Martin Paldam, 2000. "Social Capital: One or Many? Definition and Measurement," Journal of Economic Surveys, Wiley Blackwell, vol. 14(5), pages 629-653, December.
    7. Audretsch, David B. & Lehmann, Erik E., 2016. "The Seven Secrets of Germany: Economic Resilience in an Era of Global Turbulence," OUP Catalogue, Oxford University Press, number 9780190258696.
    8. Tomasz Kijek, 2012. "Innovation Capital and its Measurement," Journal of Entrepreneurship, Management and Innovation, Fundacja Upowszechniająca Wiedzę i Naukę "Cognitione", vol. 8(4), pages 52-68.
    9. Theodore W. Schultz, 1960. "Capital Formation by Education," Journal of Political Economy, University of Chicago Press, vol. 68, pages 571-571.
    10. Audretsch, David B & Stephan, Paula E, 1996. "Company-Scientist Locational Links: The Case of Biotechnology," American Economic Review, American Economic Association, vol. 86(3), pages 641-652, June.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Farhat Chowdhury & Albert N. Link & Martijn Hasselt, 2022. "Public support for research in artificial intelligence: a descriptive study of U.S. Department of Defense SBIR Projects," The Journal of Technology Transfer, Springer, vol. 47(3), pages 762-774, June.
    2. Stojčić, Nebojša & Srhoj, Stjepan & Coad, Alex, 2020. "Innovation procurement as capability-building: Evaluating innovation policies in eight Central and Eastern European countries," European Economic Review, Elsevier, vol. 121(C).
    3. Gicheva, Dora & Link, Albert, 2015. "The Gender Gap in Federal and Private Support for Entrepreneurship," UNCG Economics Working Papers 15-5, University of North Carolina at Greensboro, Department of Economics.
    4. David B. Audretsch & Dennis P. Leyden & Albert N. Link, 2013. "Regional Appropriation of University-Based Knowledge and Technology for Economic Development," Economic Development Quarterly, , vol. 27(1), pages 56-61, February.
    5. Albert N. Link, 2021. "Knowledge transfers from federally supported R&D," International Entrepreneurship and Management Journal, Springer, vol. 17(1), pages 249-260, March.
    6. Christopher S. Hayter, 2015. "Social Networks and the Success of University Spin-offs," Economic Development Quarterly, , vol. 29(1), pages 3-13, February.
    7. Eiji Yamamura, 2011. "How Do Neighbors Influence Investment in Social Capital? Homeownership and Length of Residence," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 17(4), pages 451-464, November.
    8. Albert N. Link & John T. Scott, 2013. "The exploitation of publicly funded technology," Chapters, in: Public Support of Innovation in Entrepreneurial Firms, chapter 8, pages 127-135, Edward Elgar Publishing.
    9. Benno Torgler, 2006. "Trust in International Organizations: An Empirical Investigation Focusing on the United Nations," CREMA Working Paper Series 2006-20, Center for Research in Economics, Management and the Arts (CREMA).
    10. Albert N. Link & John T. Scott, 2013. "Employment growth from public support of innovation in small firms," Chapters, in: Public Support of Innovation in Entrepreneurial Firms, chapter 3, pages 41-64, Edward Elgar Publishing.
    11. Cainelli, Giulio & Mancinelli, Susanna & Mazzanti, Massimiliano, 2007. "Social capital and innovation dynamics in district-based local systems," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 36(6), pages 932-948, December.
    12. Hiroyasu Inoue & Eiichi Yamaguchi, 2017. "Evaluation of the Small Business Innovation Research Program in Japan," SAGE Open, , vol. 7(1), pages 21582440176, February.
    13. İ. Semih Akçomak & Hanna Müller-Zick, 2018. "Trust and inventive activity in Europe: causal, spatial and nonlinear forces," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 60(3), pages 529-568, May.
    14. Paschalis Arvanitidis & Athina Economou & Christos Kollias, 2016. "Terrorism’s effects on social capital in European countries," Public Choice, Springer, vol. 169(3), pages 231-250, December.
    15. Martin Gächter & David A. Savage & Benno Torgler, 2013. "Retaining the thin blue line: What shapes workers' intentions not to quit the current work environment," International Journal of Social Economics, Emerald Group Publishing, vol. 40(5), pages 479-503, April.
    16. Christopher Hayter, 2015. "Public or private entrepreneurship? Revisiting motivations and definitions of success among academic entrepreneurs," The Journal of Technology Transfer, Springer, vol. 40(6), pages 1003-1015, December.
    17. Dufhues, Thomas & Buchenrieder, Gertrud & Fischer, Isabel, 2006. "Social Capital And Rural Development: Literature Review And Current State Of The Art," IAMO Discussion Papers 92017, Institute of Agricultural Development in Transition Economies (IAMO).
    18. Stuart D. Allen & Stephen K. Layson & Albert N. Link, 2013. "Public gains from entrepreneurial research: Inferences about the economic value of public support of the Small Business Innovation Research program," Chapters, in: Public Support of Innovation in Entrepreneurial Firms, chapter 6, pages 105-112, Edward Elgar Publishing.
    19. Noelia Somarriba Arechavala & Pilar Zarzosa Espina & Ana Teresa López Pastor, 2022. "The Importance of the Neighbourhood Environment and Social Capital for Happiness in a Vulnerable District: The Case of the Pajarillos District in Spain," Journal of Happiness Studies, Springer, vol. 23(5), pages 1941-1965, June.
    20. Grzegorz Tchorek & Michał Brzozowski & Katarzyna Dziewanowska & Agnieszka Allen & Waldemar Kozioł & Michał Kurtyka & Filip Targowski, 2020. "Social Capital and Value Co-Creation: The Case of a Polish Car Sharing Company," Sustainability, MDPI, vol. 12(11), pages 1-20, June.

    More about this item

    Keywords

    innovation capital; human capital; social capital; reputational capital; entrepreneurship; commercialization;
    All these keywords.

    JEL classification:

    • L31 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Nonprofit Institutions; NGOs; Social Entrepreneurship
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ris:uncgec:2018_006. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: . General contact details of provider: https://edirc.repec.org/data/edncgus.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Albert Link (email available below). General contact details of provider: https://edirc.repec.org/data/edncgus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.