An absorptive capacity theory of knowledge spillover entrepreneurship |
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Authors: | Haifeng Qian Zoltan J. Acs |
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Affiliation: | 1. Maxine Goodman Levin College of Urban Affairs, Cleveland State University, 2121 Euclid Ave., UR 315, Cleveland, OH, 44115, USA 2. School of Public Policy, George Mason University, 3351 Fairfax Dr., MS 3B1, Arlington, VA, 22201, USA
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Abstract: | The knowledge spillover theory of entrepreneurship identifies new knowledge as a source of entrepreneurial opportunities, and suggests that entrepreneurs play an important role in commercializing new knowledge developed in large incumbent firms or research institutions. This paper argues that, knowledge spillover entrepreneurship depends not only on new knowledge but more importantly on entrepreneurial absorptive capacity that allows entrepreneurs to understand new knowledge, recognize its value, and commercialize it by creating a firm. This absorptive capacity theory of knowledge spillover entrepreneurship is tested using data based on U.S. metropolitan areas. |
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