We extend Lazear's theory of skills variety and entrepreneurship in three directions. First, we provide a theoretical … that being a generalist does not seem to be important in this regard. Finally, we find that innovation positively moderates …, but also commercial value. Our findings support the notion that entrepreneurship can be learned. …

entrepreneurship on technological innovation. First, a start-up's technological capabilities measured by patents and technological … for technological innovation is not significant. Second, entrepreneurship has a significant positive effect on the … R&D investment that fails to lead directly to technological innovation of technology-based start-ups. This paper …