Analysing the entrepreneurial intentions through intellectual capital: evidences from India

Intellectual capital is defined as the knowledge that can be converted into value. Intellectual capital has received a considerable attention in the field of innovation performance. Still, there is a paucity of research which identifies the role of intellectual capital in creating ventures. This research is an attempt to examine the influence of intellectual capital on start-ups. A large data set of responses from 3360 respondents from India has been provided by the largest entrepreneurship research project, Global Entrepreneurship Monitor. A logistic regression technique is employed to measure the influence of intellectual capital on entrepreneurial intentions. The results show that all the components of intellectual capital, human capital, structural capital and relational capital have a positive and significant impact on entrepreneurial intentions. The study suggests that policies should be proposed to develop human capital, structural capital and facilitate interaction between existing and potential entrepreneurs so that new venture creation can be fostered. This research falls among the initial studies investigating the relationship between intellectual capital and entrepreneurial intentions. The review of literature reveals that very few studies based on large data set are conducted in developing countries like India.