How technology-based firms become also highly innovative firms? The role of knowledge, technological and managerial capabilities, and entrepreneurs' background

Artikel

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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: Journal of Innovation & Knowledge (JIK) ; ISSN: 2444-569X ; Volume: 4 ; Year: 2019 ; Issue: 3 ; Pages: 162-170 ; Amsterdam: Elsevier

Classification and Topics

• Classification: Management
• Subject: Entrepreneurial education ; Knowledge-based capabilities ; Managerial capabilities ; Technological capabilities ; Technology-Based & Highly Innovative Firm

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Camisón-Haba, Sergio ; Clemente-Almendros, Jose A. ; Gonzalez-Cruz, Tomas
• Event: Veröffentlichung
• (who): Elsevier
• (where): Amsterdam
• (when): 2019

Further information

• DOI: doi:10.1016/j.jik.2018.12.001
• Handle: http://hdl.handle.net/10419/260902
• Last update: 10.03.2025, 11:45 AM CET