What Determines the Innovation Capability of Firm Founders?

Arvanitis, Spyros; Stucki, Tobias

doi:10.2139/ssrn.1735430

Cited by 4 publications

(1 citation statement)

References 34 publications

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“…In terms of control variables, the regression results show that there is a significant positive correlation between the size of enterprises and innovation investments, which means that large-scale enterprises can support innovation activities more easily, thus supporting Schumpeter's hypothesis that innovation requires enterprises to have a certain scale and market monopoly (Schumpeter, 1942). The proportion of independent directors and the educational level of actual controllers are also significantly positively correlated with innovation investment, which is basically consistent with the research conclusions of Jiraporn et al (2018) and Arvanitis and Stucki (2012).…”

Section: Industrysupporting

confidence: 80%

Succession, political resources, and innovation investments of family businesses: Evidence from China

2021

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This paper empirically tests the impact of the succession of family businesses on corporate innovation investments and examines the two different types of political resources, political connection and state ownership, in the moderating role of the relationship between succession and enterprise innovation investments. The results show succession hinders the innovation investment of family firms, and political connection has a negative moderating effect on the relationship, while state ownership has a positive moderating effect. Further research shows that in areas with poor institutional environment, the negative adjustment effect of political connections is more significant, and in areas with better institutional environment, the positive adjustment effect of state ownership is more significant.

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Section: Industrysupporting

confidence: 80%

Succession, political resources, and innovation investments of family businesses: Evidence from China

2021

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The Impact of Venture Capital on the Persistence of Innovation Activities of Swiss Start-Ups

Arvanitis

Stucki

2013

SSRN Journal

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in EconStor may

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Job Machine, Think Tank, or Both What Makes Corporate Spinoffs Different?

2013

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Die Dis cus si on Pape rs die nen einer mög lichst schnel len Ver brei tung von neue ren For schungs arbei ten des ZEW. Die Bei trä ge lie gen in allei ni ger Ver ant wor tung der Auto ren und stel len nicht not wen di ger wei se die Mei nung des ZEW dar.Dis cus si on Papers are inten ded to make results of ZEW research prompt ly avai la ble to other eco no mists in order to encou ra ge dis cus si on and sug gesti ons for revi si ons. The aut hors are sole ly respon si ble for the con tents which do not neces sa ri ly repre sent the opi ni on of the ZEW. Non-Technical SummaryStart-ups are a vehicle to transfer knowledge and technology within an economy. The way in which this occurs is that founders of start-ups pick up ideas that otherwise would have been neglected and bring them to the market. A group of start-ups which are especially apt to spread knowledge and technology are start-ups by previous employees of incumbent firms, usually called corporate spinoffs. The founders of these start-ups are assumed to transfer intellectual assets encountered during their employment. In this paper, we examine whether the transfer of ideas and skills from incumbent firms affects the employment growth and post-entry innovation activities of new firms.A key contribution of our paper is that we apply a definition of corporate spinoff which directly draws on the notion of knowledge and technology transfer. The data set we use is the KfW/ZEW Start-UpPanel. It has explicit information on the importance of new ideas and skills that the founders developed during employment for setting up the firm. We classify a start-up as corporate spinoff if a new idea that emerged from the founders' work for an incumbent firm has been essential for establishing the new firm. We apply propensity score matching in order to determine whether this idea is causally related to the employment growth and innovation activities of the corporate spinoff. As control group we use start-ups by previous employees for which such an idea has not been essential. We also analyse whether an idea that was at least of great importance and skills that were essential for establishing the firm affect these outcome indicators.Our findings indicate that the transfer of an essential idea leads to higher post-entry innovation activities but not to higher employment growth. Start-ups that are based on an idea of at least great importance benefit from the idea both in terms of innovation activities and employment growth. However, essential skills have hardly any effect on these indicators. We conclude that a transferred idea is primarily an input factor and a stimulus for subsequent innovation activities of start-ups. In addition, our results show that it is important to carefully differentiate between varying types of knowledge and technology transfer. Start-ups do not benefit from all types to the same degree. With respect to innovation activities it is rather ideas that matter than skills. Helmut Fryges*, Bettina Müller**, and Michaela Niefert*** Abstract:One way through ...

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What Determines the Innovation Capability of Firm Founders?

Cited by 4 publications

References 34 publications

Succession, political resources, and innovation investments of family businesses: Evidence from China

Succession, political resources, and innovation investments of family businesses: Evidence from China

The Impact of Venture Capital on the Persistence of Innovation Activities of Swiss Start-Ups

Job Machine, Think Tank, or Both What Makes Corporate Spinoffs Different?

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