Innovation by start-up firms: The role of the board of directors for knowledge spillovers

被引：6

作者：

Baum, Christopher F. ^{[1
]}

Loof, Hans ^{[2
]}

Stephan, Andreas ^{[3
]}

Viklund-Ros, Ingrid ^{[2
]}

机构：

[1] Boston Coll, Chestnut Hill, MA 02167 USA

[2] Royal Inst Technol, Stockholm, Sweden

[3] Linnaeus Univ, Vaxjo, Sweden

来源：

RESEARCH POLICY | 2022年 / 51卷 / 01期

关键词：

Start-ups; Board of directors; Knowledge spillovers; Innovation; Instrumental variables estimation; RESEARCH-AND-DEVELOPMENT; CORPORATE GOVERNANCE; PRODUCT INNOVATION; ENTREPRENEURSHIP; PATENTS; TRADEMARKS; INTERLOCKS; DIVERSITY; OPPORTUNITIES; PERSPECTIVE;

D O I：

10.1016/j.respol.2021.104375

中图分类号：

C93 [管理学];

学科分类号：

12 ; 1201 ; 1202 ; 120202 ;

摘要：

This paper investigates whether board directors interlocked with or employed by innovative firms affect startup firms' propensity to be innovators themselves. Drawing upon a sample of more than 50,000 Swedish start-up firms, we find that board connections to incumbent innovators have a causal impact on the new firms' probability to apply for patents. The results are robust when controlling for industry, geography, firm age, as well as spillovers through worker and managerial mobility, external knowledge sourcing through patent disclosure, access to venture capital and board attributes.

引用

页数：14

共 50 条

[1] Board of directors and scientific advisory board: know the needs for your start-up
Skinner, James
[J]. ABSTRACTS OF PAPERS OF THE AMERICAN CHEMICAL SOCIETY, 2019, 257
[2] Success of start-up firms: the role of financial constraints
Stucki, Tobias
[J]. INDUSTRIAL AND CORPORATE CHANGE, 2014, 23 (01) : 25 - 64
[3] The role of knowledge in business start-up activity
De Clercq, Dirk
Arenius, Pia
[J]. INTERNATIONAL SMALL BUSINESS JOURNAL-RESEARCHING ENTREPRENEURSHIP, 2006, 24 (04): : 339 - 358
[4] Knowledge Spillovers from Public Research Institutions: Evidence from Japanese High-Technology Start-Up Firms
Lynskey, Michael
[J]. NEW TECHNOLOGY-BASED FIRMS IN THE NEW MILLENNIUM, VOL 6, 2008, 6 : 117 - 145
[5] Innovation development in biopharmaceutical start-up firms: An Italian case study
Nosella, A.
Petroni, G.
Verbano, C.
[J]. JOURNAL OF ENGINEERING AND TECHNOLOGY MANAGEMENT, 2006, 23 (03) : 202 - 220
[6] Surviving a start-up by innovation
Rahman, Anis
[J]. ABSTRACTS OF PAPERS OF THE AMERICAN CHEMICAL SOCIETY, 2013, 246
[7] COMMUNES NURTURE START-UP FIRMS
LOWE, L
[J]. ELECTRONICS, 1981, 54 (24): : 92 - &
[8] Start-ups, Innovation and Knowledge Spillovers
David Bruce Audretsch
Maksim Belitski
Rosa Caiazza
[J]. The Journal of Technology Transfer, 2021, 46 : 1995 - 2016
[9] Start-ups, Innovation and Knowledge Spillovers
Audretsch, David Bruce
Belitski, Maksim
Caiazza, Rosa
[J]. JOURNAL OF TECHNOLOGY TRANSFER, 2021, 46 (06): : 1995 - 2016
[10] Local knowledge spillovers and innovation persistence of firms
Holl, Adelheid
Peters, Bettina
Rammer, Christian
[J]. ECONOMICS OF INNOVATION AND NEW TECHNOLOGY, 2023, 32 (06) : 826 - 850

← 1 2 3 4 5 →