An absorptive capacity theory of knowledge spillover entrepreneurship

The knowledge spillover theory of entrepreneurship identifies new knowledge as a source of entrepreneurial opportunities, and suggests that entrepreneurs play an important role in commercializing new knowledge developed in large incumbent firms or research institutions. This paper argues that, knowl...

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Bibliographic Details
Published in:Small business economics Vol. 40; no. 2; pp. 185 - 197
Main Authors: Qian, Haifeng, Acs, Zoltan J.
Format: Journal Article
Language:English
Published: Boston Springer 01.02.2013
Springer US
Springer Nature B.V
Subjects:
Absorptive capacity
Business and Management
Business structures
Commercialization
Economic growth
Economic growth theories
Economic theory
Entrepreneurs
Entrepreneurship
Epistemology
Growth models
Human capital
Incumbents
Industrial Organization
Innovations
Inventions
Knowledge
Knowledge management
Management
Metropolitan areas
Microeconomics
New growth theory
Production functions
R&D
Research & development
Research centers
Small & medium sized enterprises-SME
Spillovers
Studies
Technological change
Theory
Universities
University research
United States > US
L26
Absorptive capacity
Human capital
Entrepreneurship
Knowledge spillover
O31
J24
ISSN:0921-898X, 1573-0913
Online Access:Get full text
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Summary:The knowledge spillover theory of entrepreneurship identifies new knowledge as a source of entrepreneurial opportunities, and suggests that entrepreneurs play an important role in commercializing new knowledge developed in large incumbent firms or research institutions. This paper argues that, knowledge spillover entrepreneurship depends not only on new knowledge but more importantly on entrepreneurial absorptive capacity that allows entrepreneurs to understand new knowledge, recognize its value, and commercialize it by creating a firm. This absorptive capacity theory of knowledge spillover entrepreneurship is tested using data based on U.S. metropolitan areas.
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ISSN:0921-898X
1573-0913
DOI:10.1007/s11187-011-9368-x