Investigating the relationship of high-tech entrepreneurship and innovation efficacy: The moderating role of absorptive capacity.

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Date: Mar. 2022
From: Technovation(Vol. 111)
Publisher: Elsevier Science Publishers
Document Type: Report; Brief article
Length: 295 words

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Abstract :

Keywords High-tech entrepreneurship; Knowledge spillover theory of entrepreneurship (KSTE); Innovation efficacy; Absorptive capacity; National innovation Abstract While high-tech entrepreneurs have been recognized as the important driving force for national innovation, more empirical evidence is needed. Especially, despite the notion of innovation efficacy has been well understood as an excellent approach to measuring national innovation performance, there is only a limited understanding of this concept. The purpose of this study is to analyze the impact of high-tech entrepreneurial activities on innovation efficacy based on the Knowledge Spillover Theory of Entrepreneurship. For the analysis, this study uses a panel data regression analysis with global data of 90 countries from 2011 to 2015. The results indicate that the ratio of high-tech entrepreneurial activities has an inverted-U-shaped relationship with innovation efficacy. We also find that the level of absorptive capacity positively moderates this relationship. This study shows that the reckless increase of high-tech startups can harm the national economy. Therefore, the government should precisely understand the non-linear relationship between high-tech startups and the nation's innovation capability, and strategically utilize R&D policies to maximize national innovation efficacy. Through a greater understanding on the relationship of the nation's entrepreneurial resources and capabilities, and specific innovation performance, this study contributes to broadening the view of innovation research in KSTE. Author Affiliation: (a) School of Global Entrepreneurship and ICT, Handong Global University, 558, Handong-ro, Heunghae-eup, Buk-gu, Pohang, Gyeongsangbuk-do, 37554, Republic of Korea (b) School of Business and Technology Management, Korea Advanced Institute of Science and Technology, Daejeon, Republic of Korea (c) School of Global Entrepreneurship and ICT, Handong Global University, Pohang, Gyeongsangbuk-do, Republic of Korea * Corresponding author. Article History: Received 5 October 2020; Revised 11 August 2021; Accepted 21 September 2021 Byline: Doohee Chung [profchung@handong.edu] (a,*), Haejun Jung (b), Yunjeong Lee (c)

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Gale Document Number: GALE|A695941164