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Technological Capabilities, Entrepreneurship and Innovation of Technology-Based Start-Ups: The Resource-Based View

Year: 2022

Type: article

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.

Source: Journal of Open Innovation Technology Market and Complexity

DOI: 10.3390/joitmc8030156

Authors: Seungku Ahn, Kwon-Sik Kim, Kwang-Hoon Lee

Institutions: Korea Institute of Science & Technology Evaluation and Planning, Kangwon National University

Language: English

Topic: Innovation and Knowledge Management

Subfield: Strategy and Management

Field: Business, Management and Accounting

Domain: Social Sciences

SDGs: Industry, innovation and infrastructure, Decent work and economic growth

Open Access status: gold

Estimated APC paid: $838