How technology-based firms become also highly innovative firms? The role of knowledge, technological and managerial capabilities, and entrepreneurs’ background
To what extent is the likelihood that a Technology-Based Firm – TBF – turns into a Technology-Based and Highly Innovative Firm – TB&InnF – is influenced by technical capabilities or managerial capabilities and education background? We analyse this question using a novel data panel assembled for...
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| Format: | Article |
| Language: | English |
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Elsevier
2019-07-01
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| Series: | Journal of Innovation & Knowledge |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2444569X18300726 |
| _version_ | 1818007628256641024 |
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| author | Sergio Camisón-Haba Jose A. Clemente-Almendros Tomas Gonzalez-Cruz |
| author_facet | Sergio Camisón-Haba Jose A. Clemente-Almendros Tomas Gonzalez-Cruz |
| author_sort | Sergio Camisón-Haba |
| collection | DOAJ |
| description | To what extent is the likelihood that a Technology-Based Firm – TBF – turns into a Technology-Based and Highly Innovative Firm – TB&InnF – is influenced by technical capabilities or managerial capabilities and education background? We analyse this question using a novel data panel assembled for 326 Spanish industrial firms, along the period 1998–2014. Our findings show the probability of becoming a TB&InnF growths when firms are able to accumulate a high endowment of knowledge and technological capabilities, and a managerial team with experience, a strong power position and previous technical or managerial education background. Results also indicate the CEO's educational profile in management is preferable to a pure technical background by facilitating the transformation into a TB&InnF, because it complements better with the firm's knowledge and technological capabilities by facilitating the transformation of a scientific or technological project into a successful entrepreneurial innovation, which creates new value. These findings make a clear distinction between TBF and TB&InnF, put in question the traditional definition of TB&InnF, exclusively focused toward R + D activity, and valorise the importance of a CEO with both a broader vision that combines technologies, products, markets and people, with the ability to sense and seize new opportunities. JEL classification: M10, Keywords: Technology-Based & Highly Innovative Firm, Knowledge-based capabilities, Technological capabilities, Managerial capabilities, Entrepreneurial education |
| first_indexed | 2024-04-14T05:19:05Z |
| format | Article |
| id | doaj.art-0f3361820c714428be6ebc315bb949d9 |
| institution | Directory Open Access Journal |
| issn | 2444-569X |
| language | English |
| last_indexed | 2024-04-14T05:19:05Z |
| publishDate | 2019-07-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Journal of Innovation & Knowledge |
| spelling | doaj.art-0f3361820c714428be6ebc315bb949d92022-12-22T02:10:16ZengElsevierJournal of Innovation & Knowledge2444-569X2019-07-0143162170How technology-based firms become also highly innovative firms? The role of knowledge, technological and managerial capabilities, and entrepreneurs’ backgroundSergio Camisón-Haba0Jose A. Clemente-Almendros1Tomas Gonzalez-Cruz2Faculty of Economics, Universitat de València, Avinguda de Tarongers S/N, 46022 Valencia, SpainFaculty of Business and Communication, Universidad Internacional de La Rioja, Avenida de la Paz 137, 26006 Logroño, SpainFaculty of Economics, Universitat de València, Avinguda de Tarongers S/N, 46022 Valencia, Spain; Corresponding author.To what extent is the likelihood that a Technology-Based Firm – TBF – turns into a Technology-Based and Highly Innovative Firm – TB&InnF – is influenced by technical capabilities or managerial capabilities and education background? We analyse this question using a novel data panel assembled for 326 Spanish industrial firms, along the period 1998–2014. Our findings show the probability of becoming a TB&InnF growths when firms are able to accumulate a high endowment of knowledge and technological capabilities, and a managerial team with experience, a strong power position and previous technical or managerial education background. Results also indicate the CEO's educational profile in management is preferable to a pure technical background by facilitating the transformation into a TB&InnF, because it complements better with the firm's knowledge and technological capabilities by facilitating the transformation of a scientific or technological project into a successful entrepreneurial innovation, which creates new value. These findings make a clear distinction between TBF and TB&InnF, put in question the traditional definition of TB&InnF, exclusively focused toward R + D activity, and valorise the importance of a CEO with both a broader vision that combines technologies, products, markets and people, with the ability to sense and seize new opportunities. JEL classification: M10, Keywords: Technology-Based & Highly Innovative Firm, Knowledge-based capabilities, Technological capabilities, Managerial capabilities, Entrepreneurial educationhttp://www.sciencedirect.com/science/article/pii/S2444569X18300726 |
| spellingShingle | Sergio Camisón-Haba Jose A. Clemente-Almendros Tomas Gonzalez-Cruz How technology-based firms become also highly innovative firms? The role of knowledge, technological and managerial capabilities, and entrepreneurs’ background Journal of Innovation & Knowledge |
| title | How technology-based firms become also highly innovative firms? The role of knowledge, technological and managerial capabilities, and entrepreneurs’ background |
| title_full | How technology-based firms become also highly innovative firms? The role of knowledge, technological and managerial capabilities, and entrepreneurs’ background |
| title_fullStr | How technology-based firms become also highly innovative firms? The role of knowledge, technological and managerial capabilities, and entrepreneurs’ background |
| title_full_unstemmed | How technology-based firms become also highly innovative firms? The role of knowledge, technological and managerial capabilities, and entrepreneurs’ background |
| title_short | How technology-based firms become also highly innovative firms? The role of knowledge, technological and managerial capabilities, and entrepreneurs’ background |
| title_sort | how technology based firms become also highly innovative firms the role of knowledge technological and managerial capabilities and entrepreneurs background |
| url | http://www.sciencedirect.com/science/article/pii/S2444569X18300726 |
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