Does intellectual capital affect the venture creation decision in India?

Abstract

Purpose: Although the intellectual capital (IC) has already received much attention from the researchers in the field of innovation performance, there is still a paucity in measuring the role of IC in venture creation. The present study is an attempt to examine the influence of IC on start-ups. Methodology: In this study, a large data set of 3413 respondents from India has been used. The data has been provided by the largest entrepreneurship research project GEM. A logistic regression technique has been applied to measure the influence of IC on entrepreneurial intentions. Findings: It has been found that the components of intellectual capital, i.e., knowledge and skills, entrepreneurial opportunities, knowing other entrepreneurs, business angel, and educational level have a positive and significant impact on the entrepreneurial intentions. Contribution: To the best of our knowledge, it is among the initial studies, which have examined the relationship between intellectual capital and entrepreneurial intentions. Only a few studies have already been done in developing countries like India by using a large data set.

Role of Business Incubators as a Tool for Entrepreneurship Development: The Mediating and Moderating Role of Business Start-Up and Government Regulations

“…These learning opportunities are important because communities with a wider network of peers tend to enjoy higher levels of entrepreneurship and economic growth. These results are in agreement with Khan, Arafat, Raushan, Saleem, Khan, Khan and Entrepreneurship [34], who found that networking services can help entrepreneurs attract more customers, knowledge and ultimately achieve business growth and increase profits.…”

“…The results of this study illustrate that networking services have a positive effect on entrepreneurship development. The results related to hypothesis involve coefficient beta 0.237, standard error 0.04, t-value 6.043 > 2, and p-value 0.000 < 0.05, supported by the previous study [34]. Mahmood, Jamil and Yasir [17] found similar results in which involvement in networking activities is an essential role for business incubators because it links entrepreneurs in and out of business incubation with key investors in the community.…”

“…These hurdles and the lack of capital suitable for various new businesses mean that there is a large number of unmet needs among entrepreneurs who need capital, and entrepreneurs often cannot choose the financing services that best suit their business [33]. Khan, et al [34] points out that entrepreneurs and researchers often quote a lack of access to capital as a significant hindrance facing many entrepreneurs. To understand the role of access to capital in entrepreneurship, further research should be conducted.…”

“Developing human capitals in today's entrepreneurs: a practitioner perspective”

“…If entrepreneurship is defined as the ability to seize new opportunities (Kirzner, 1973), it becomes important to understand if and how the set of internal and external knowledge of a subject can facilitate the recognition of a profitable advantage (Ramos-Rodriguez et al, 2010;Khan et al, 2019).…”

“…Therefore, governmental institutions should encourage systems of human and structural capital development, so as to encourage the exchange of knowledge and skills necessary for business creation (Khan et al, 2019). IC is the substrate of any business model, in which a central role is played by the person, as such and as a member of a group, who cooperates for the sharing of knowledge at every corporate level, promoting the creation of value (Nielsen and Dane-Nielsen, 2019).…”