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What determines the innovation capability of firm founders?

Author

Listed:
  • Spyros Arvanitis
  • Tobias Stucki

Abstract

Innovative start-ups, not start-ups in general, seem to be important drivers of economic growth. However, little is known about what such firms look like. As activities of start-ups are strongly related to firm founders, we investigate this question focusing on the innovation capability of firm founders. We find that the combination of different founder characteristics such as university education (at best a combination of technical and commercial education), prior experience in R&D, and strong motivation to realize own innovative ideas increases the likelihood that a start-up has innovative activities, especially the likelihood of R&D activities, by >40%. Copyright 2012 The Author 2012. Published by Oxford University Press on behalf of Associazione ICC. All rights reserved., Oxford University Press.

Suggested Citation

  • Spyros Arvanitis & Tobias Stucki, 2012. "What determines the innovation capability of firm founders?," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 21(4), pages 1049-1084, August.
    • Handle: RePEc:oup:indcch:v:21:y:2012:i:4:p:1049-1084
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    File URL: http://hdl.handle.net/10.1093/icc/dts003
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    JEL classification:

    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

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