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Technological Capabilities, Entrepreneurship and Innovation of Technology-Based Start-Ups: The Resource-Based View.
- Source :
-
Journal of Open Innovation . Sep2022, Vol. 8 Issue 3, pN.PAG-N.PAG. 16p. - Publication Year :
- 2022
-
Abstract
- Despite large-scale financial support of the government, there is increasing criticism about the inefficiency of public R&D investment that fails to lead directly to technological innovation of technology-based start-ups. This paper analyzes the factors that influence technological innovation in Korean technology-based start-ups based on the resource-based view (RBV). The empirical analysis combines ordinary least squares and ordered probit analysis of data collected from 248 technology-based start-ups in Korea. The analysis results statistically confirm the effects of technological capabilities and entrepreneurship on technological innovation. First, a start-up's technological capabilities measured by patents and technological competitiveness have significant positive effects on technological innovation, while the effect of having an in-house R&D department for technological innovation is not significant. Second, entrepreneurship has a significant positive effect on the technological innovation of a start-up, and this positive effect has a moderating effect that further promotes the positive effect of technological competitiveness on technological innovation. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 21998531
- Volume :
- 8
- Issue :
- 3
- Database :
- Academic Search Index
- Journal :
- Journal of Open Innovation
- Publication Type :
- Academic Journal
- Accession number :
- 159335760
- Full Text :
- https://doi.org/10.3390/joitmc8030156