Technological capabilities, entrepreneurship and innovation of technology-based start-ups: The resource-based view
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.
Year of publication: |
2022
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Authors: | Ahn, Seungku ; Kim, Kwon-Sik ; Lee, Kwang-Hoon |
Published in: |
Journal of Open Innovation: Technology, Market, and Complexity. - ISSN 2199-8531. - Vol. 8.2022, 3, p. 1-16
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Publisher: |
Basel : MDPI |
Subject: | innovation | entrepreneurship | RBV | start-ups | technological capabilities |
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