2021
DOI: 10.1007/s10961-021-09846-5
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Start-ups, Innovation and Knowledge Spillovers

Abstract: The knowledge spillover theory of entrepreneurship (KSTE) seeks to explain the mechanisms of how uncommercialized knowledge can be turned into new to market products. This paper uses a large unbalanced panel of 16,542 UK firms constructed from six consecutive waves of a community innovation survey and annual business registry survey during 2002–2014 to test the differences in the returns to knowledge spillover for innovation between start-ups and incumbent firms. The theoretical, managerial, and policy implica… Show more

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Cited by 65 publications
(47 citation statements)
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“…To innovate, firms can invest in internal research and development or stimulate external sources of knowledge. These external sources of knowledge can be exchanged through spillovers, collaborations, or direct market operations, like technology licensing [23][24][25]. The management of knowledge spillovers implies two directions of knowledge flow along the boundaries of the firm: an outside-in movement and an inside-out movement [26].…”
Section: Introductionmentioning
confidence: 99%
“…To innovate, firms can invest in internal research and development or stimulate external sources of knowledge. These external sources of knowledge can be exchanged through spillovers, collaborations, or direct market operations, like technology licensing [23][24][25]. The management of knowledge spillovers implies two directions of knowledge flow along the boundaries of the firm: an outside-in movement and an inside-out movement [26].…”
Section: Introductionmentioning
confidence: 99%
“…The proximity of the firm to its target market facilitates the achievement of commercial goals, and it helps attain valuable information about the likes and dislikes of customers and optimization of products and services through market information (Henriques et al, 2018). Audretsch, Belitski and Caiazza (2021) found supporting evidence for an increase in incremental innovation output for firms having a close and intense connection with customers. Conversely, Romijn and Albu (2002) found a statistically insignificant relationship between the creative output and its networking with customers.…”
Section: Proximity To Target Marketsmentioning
confidence: 99%
“…avoid troubles related to supporting services (Audretsch et al, 2021;Fukugawa, 2013). Moreover, sharing these facilities reduces the rental cost for tenants (Guadix et al, 2016).…”
Section: Inmrmentioning
confidence: 99%
“…2.1 Open Innovation in small family firms: the ability-willingness paradox A lot of research has been done on innovation in companies of different sizes and governance structures (Rogers, 2004;De Massis et al, 2013;De Massis et al, 2015a, b, 2018Audretsch et al, 2021). However, this research highlights the often-one-sided perspective of family firms, which behave cautiously and do not bring radical innovations to market (Rondi et al, 2019).…”
Section: Theoretical Backgroundmentioning
confidence: 99%