Intellectual capital and the acquisition of human capital by technology-based new ventures

Zane, Lee J.

doi:10.1108/jic-04-2021-0122

Cited by 14 publications

(14 citation statements)

References 77 publications

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“…Importantly, our study reveals the mechanism underlying the influence of technical founders on firm innovation, where firms led by technical founders show optimal innovation performance through digital transformation. This finding extends the literature on technology entrepreneurship and firm innova-tion, which differs from the previous literature on the impact of internal executive characteristics (Fayolle et al, 2021;Bolzani et al, 2021;Blankesteijn et al, 2021;Ganotakis et al, 2012;Zane, 2022;Reese, Rieger and Engelen, 2021) and external institutional environment (Colino et al, 2014;Seguí-Mas et al, 2018;Hülsbeck & Pickavé, 2014) on firm innovation performance. Also, our findings suggest that VC/PE support positively moderates the positive effect of digital transformation on firm innovation, thereby enhancing the mediating effect of digital transformation between technical founders and firm innovation performance.…”

Section: Theoretical Contributionssupporting

confidence: 73%

“…Previous research has established that external organizations, national entrepreneurial culture, resource environment and regional knowledge production all influence the creation and development of new technology firms (Colino et al, 2014;Seguí-Mas et al, 2018;Hülsbeck & Pickavé, 2014). Furthermore, from an internal organizational perspective, the entrepreneur is a decisive factor influencing technology entrepreneurship, which involves entrepreneurial traits such as education background (Fayolle et al, 2021;Bolzani et al, 2021;Blankesteijn et al, 2021), human capital (Ganotakis et al, 2012;Zane, 2022), and entrepreneurial capability (Reese et al, 2021). As communication technologies and digitalization have evolved, the external environment driving technology entrepreneurship has also changed.…”

Section: Introductionmentioning

confidence: 99%

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Technical founders, digital transformation and corporate technological innovation: empirical evidence from listed companies in China’s STAR market

2023

Int Entrep Manag J

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Technology entrepreneurship and corporate innovation are important for the development of indigenous innovation. In the digital age, founders are subject to fundamental changes in their strategy choices, which in turn affect corporate innovation performance. This paper aims to explore the strategic choices adopted by technical founders of listed companies in China’s STAR market to reap the rewards of innovation in a digital context. Based on the annual reports of 124 listed companies in China’s STAR Market, this paper applies machine learning methods to quantify digital transformation of enterprises, and empirically analyzes the relationship between technical founders and innovation performance by constructing a moderated mediating model. Our results show that companies with technical founders are more likely to adopt digital transformation and thus show better innovation performance. In terms of heterogeneity, the empirical results demonstrate that firms with technical founders show better performance in digital transformation, followed in turn by those with business founders and academic founders. Both the positive relationship between enterprise digital transformation and innovation performance and the mediating effect of digital transformation are positively moderated by venture capital or private equity support. The findings reveal the microscopic mechanism of the role of technology-based founders on corporate innovation performance and hence have practical implications for promoting corporate digital transformation and enhancing firm technological innovation.

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Section: Theoretical Contributionssupporting

confidence: 73%

Section: Introductionmentioning

confidence: 99%

Technical founders, digital transformation and corporate technological innovation: empirical evidence from listed companies in China’s STAR market

2023

Int Entrep Manag J

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“…Some studies have considered human capital as one of the most critical aspects of the growth of the domestic product of a country (Zane, 2022). The detriment of human capital formation is a negative factor in a country's economic growth and, therefore, a limitation to the development of innovation policies (Irwin, 2017).…”

Section: Human Capitalmentioning

confidence: 99%

“…In this way, human capital represents one of the organizational components that are fundamental and that allow the development of capacities. According to Zane (2022), human capital is essential for the organization's performance because human capital contains the knowledge and skills that are core to the firm's activities. Additionally, this human capital groups both the skills and competencies necessary for the firm's success.…”

Section: Human Capitalmentioning

confidence: 99%

“…Human capital and research will be a significant contribution in the consolidation of innovation results. This input has shown the greatest uptrend over time, and it is one of the resources that countries place the most emphasis on since research has shown a link between improving people's abilities and the outcomes of innovation (Zane, 2022).…”

Section: The Effect Of Cultural Orientationsmentioning

confidence: 99%

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The effect of cultural orientations (performance and sociality) on country innovation: a trajectories analysis perspective

Ramirrez-Urraya

Escandón-Barbosa

Salas

2022

JSTPM

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Purpose This study aims to analyze the effects of cultural orientations (performance and sociality) on the trajectories of innovation inputs and their results in different countries worldwide between 2011 and 2021. Design/methodology/approach As a technique for data analysis, one of the spatial Bayesian models and Gray forecasting methods is used. This technique is adequate to achieve the objectives of the investigation because it allows analyzing how the variables move in time ranges and allow the generation of forecasts. This model also allows knowing if there are spills, which investing in a country can positively affect countries with geographical proximity. The databases used were the Global Innovation Index with data from 131 nations and the Globe Project with data from 157 countries between 2011 and 2021. The variables analyzed are institutions, human capital, research infrastructure, market sophistication and business sophistication. On the other hand, regarding moderations of cultural orientations, The Globe Project developed two factors: performance orientation (high degree of masculinity, avoidance of ambiguity, power distance and future orientation) and humane orientation (high-level of femininity, institutional and societal collectivism). Findings The results reveal that all inputs grow at different rates over time. In the case of institutions, it is the most difficult to generate changes over time. However, human capital, market sophistication and business sophistication are the ones that have grown the most over time, regardless of the country’s cultural orientation. Research limitations/implications Among the main limitations is the set of data used because it only considers one approach to culture, especially the one considered by Hofstede. However, other approaches could help evaluate the results of this research. Considering the results obtained, the study attempts to provide a different view of the effects of cultural variables on companies’ innovation performance in different countries in the world. In the same way, evaluating these effects allows firms to consider variables associated with the country that will affect the strategies and performance of the firm. Practical implications The results achieved make it possible to strengthen the analysis of the countries’ strategies when it comes to innovation, especially in the permanent evaluation of the results that allow to encourage changes in the execution of innovative activities to maintain their performance over time. Social implications The contributions allow us to understand the dynamics of innovation in the knowledge and creative outputs of countries over time. Originality/value The trajectory analysis used in the data analysis is perhaps one of the most robust techniques that makes a time series analysis. This allows identifying trajectories for the independent variables of the study and their influence on the innovation of the country.

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Dynamics of resource allocation–firm performance relationship: Panel autoregressive distributed lag approach

Kaur,

Singh

2024

Manage Decis Econ

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The present study aims to unravel the intricacies of the resource allocation–firm performance relationship by examining the impact of resource allocation to research and development (R&D), advertising, inventories, and wages and salaries on firm performance, considering both short‐term and long‐term dynamics This work is conducted using a sample of 240 listed Indian manufacturing firms over a time span of 18 years, that is, from 2006 to 2023. Based on the empirical findings from the dynamic panel autoregressive distributed lag (ARDL) model, it is revealed that, in the short term, allocating resources to areas such as R&D, advertising, inventories, and wages and salaries has a detrimental effect on sales. However, in the long term, these resource allocations show a positive impact on sales. Regarding stock market performance, both R&D and advertising exert a negative influence on Tobin's Q in the short term, but their impact becomes positive in the long term. In the case of inventories and wages and salaries, their effects evolve over time: Initially, in the short term, both have a positive impact on Tobin's Q, but this effect switches to negative and becomes significant in the long term. The key contribution of this study revolves around a model‐driven approach aimed at tackling the complex issue of resource allocation and its dynamic impact on performance outcomes.

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Intellectual capital and the acquisition of human capital by technology-based new ventures

Cited by 14 publications

References 77 publications

Technical founders, digital transformation and corporate technological innovation: empirical evidence from listed companies in China’s STAR market

Technical founders, digital transformation and corporate technological innovation: empirical evidence from listed companies in China’s STAR market

The effect of cultural orientations (performance and sociality) on country innovation: a trajectories analysis perspective

Dynamics of resource allocation–firm performance relationship: Panel autoregressive distributed lag approach

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