IDEAS home Printed from https://ideas.repec.org/a/spr/joiaen/v8y2019i1d10.1186_s13731-019-0106-y.html
   My bibliography  Save this article

Does intellectual capital affect the venture creation decision in India?

Author

Listed:
  • Ahmed Musa Khan

    (Aligarh Muslim University)

  • Mohd Yasir Arafat

    (Aligarh Muslim University)

  • Mohd Anas Raushan

    (Khowaja Moinuddin Chishti Urdu Arbi-Farsi University)

  • Imran Saleem

    (Aligarh Muslim University)

  • Nawab Ali Khan

    (Aligarh Muslim University)

  • Mohd Mohsin Khan

    (Aligarh Muslim University)

Abstract

Purpose Although the intellectual capital (IC) has already received much attention from the researchers in the field of innovation performance, there is still a paucity in measuring the role of IC in venture creation. The present study is an attempt to examine the influence of IC on start-ups. Methodology In this study, a large data set of 3413 respondents from India has been used. The data has been provided by the largest entrepreneurship research project GEM. A logistic regression technique has been applied to measure the influence of IC on entrepreneurial intentions. Findings It has been found that the components of intellectual capital, i.e., knowledge and skills, entrepreneurial opportunities, knowing other entrepreneurs, business angel, and educational level have a positive and significant impact on the entrepreneurial intentions. Contribution To the best of our knowledge, it is among the initial studies, which have examined the relationship between intellectual capital and entrepreneurial intentions. Only a few studies have already been done in developing countries like India by using a large data set.

Suggested Citation

  • Ahmed Musa Khan & Mohd Yasir Arafat & Mohd Anas Raushan & Imran Saleem & Nawab Ali Khan & Mohd Mohsin Khan, 2019. "Does intellectual capital affect the venture creation decision in India?," Journal of Innovation and Entrepreneurship, Springer, vol. 8(1), pages 1-15, December.
    • Handle: RePEc:spr:joiaen:v:8:y:2019:i:1:d:10.1186_s13731-019-0106-y
    DOI: 10.1186/s13731-019-0106-y
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1186/s13731-019-0106-y
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1186/s13731-019-0106-y?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Paul Reynolds & Niels Bosma & Erkko Autio & Steve Hunt & Natalie De Bono & Isabel Servais & Paloma Lopez-Garcia & Nancy Chin, 2005. "Global Entrepreneurship Monitor: Data Collection Design and Implementation 1998–2003," Small Business Economics, Springer, vol. 24(3), pages 205-231, February.
    2. Andrea Larson & Jennifer A. Starr, 1993. "A Network Model of Organization Formation," Entrepreneurship Theory and Practice, , vol. 17(2), pages 5-15, January.
    3. G. Bharathi Kamath, 2017. "An investigation into intellectual capital efficiency and export performance of firms in India," International Journal of Learning and Intellectual Capital, Inderscience Enterprises Ltd, vol. 14(1), pages 47-75.
    4. Carol Corrado & Charles Hulten & Daniel Sichel, 2005. "Measuring Capital and Technology: An Expanded Framework," NBER Chapters, in: Measuring Capital in the New Economy, pages 11-46, National Bureau of Economic Research, Inc.
    5. KruegerJR, Norris F. & Reilly, Michael D. & Carsrud, Alan L., 2000. "Competing models of entrepreneurial intentions," Journal of Business Venturing, Elsevier, vol. 15(5-6), pages 411-432.
    6. Johannisson, Bengt, 1988. "Business formation -- a network approach," Scandinavian Journal of Management, Elsevier, vol. 4(3-4), pages 83-99.
    7. Greve, Arent, 1995. "Networks and entrepreneurship -- an analysis of social relations, occupational background, and use of contacts during the establishment process," Scandinavian Journal of Management, Elsevier, vol. 11(1), pages 1-24, March.
    8. Honjo, Yuji, 2015. "Why are entrepreneurship levels so low in Japan?," Japan and the World Economy, Elsevier, vol. 36(C), pages 88-101.
    9. Jacob A. Mincer, 1974. "Introduction to "Schooling, Experience, and Earnings"," NBER Chapters, in: Schooling, Experience, and Earnings, pages 1-4, National Bureau of Economic Research, Inc.
    10. Raphael Amit & Lawrence Glosten & Eitan Muller, 1993. "Challenges To Theory Development In Entrepreneurship Research," Journal of Management Studies, Wiley Blackwell, vol. 30(5), pages 815-834, September.
    11. Markku Maula & Erkko Autio & Pia Arenius, 2005. "What Drives Micro-Angel Investments?," Small Business Economics, Springer, vol. 25(5), pages 459-475, December.
    12. Smith, Delmonize A. & Lohrke, Franz T., 2008. "Entrepreneurial network development: Trusting in the process," Journal of Business Research, Elsevier, vol. 61(4), pages 315-322, April.
    13. Karl Wennberg & Saurav Pathak & Erkko Autio, 2013. "How culture moulds the effects of self-efficacy and fear of failure on entrepreneurship," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 25(9-10), pages 756-780, December.
    14. Kevin M. Murphy & Andrei Shleifer & Robert W. Vishny, 1991. "The Allocation of Talent: Implications for Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 106(2), pages 503-530.
    15. Lee, Soo Hoon & Wong, Poh Kam, 2004. "An exploratory study of technopreneurial intentions: a career anchor perspective," Journal of Business Venturing, Elsevier, vol. 19(1), pages 7-28, January.
    16. Zoltán J. Ács & Sameeksha Desai & Leora F. Klapper, 2015. "What does ‘‘entrepreneurship’’ data really show?," Chapters, in: Global Entrepreneurship, Institutions and Incentives, chapter 24, pages 464-480, Edward Elgar Publishing.
    17. David Audretsch, 2004. "Sustaining Innovation and Growth: Public Policy Support for Entrepreneurship," Industry and Innovation, Taylor & Francis Journals, vol. 11(3), pages 167-191.
    18. David G. Blanchflower, 2004. "Self-Employment: More may not be better," NBER Working Papers 10286, National Bureau of Economic Research, Inc.
    19. Scott Shane, 2000. "Prior Knowledge and the Discovery of Entrepreneurial Opportunities," Organization Science, INFORMS, vol. 11(4), pages 448-469, August.
    20. Kuen-Hung Tsai & Hui-Chen Chang & Chen-Yi Peng, 2016. "Refining the linkage between perceived capability and entrepreneurial intention: roles of perceived opportunity, fear of failure, and gender," International Entrepreneurship and Management Journal, Springer, vol. 12(4), pages 1127-1145, December.
    21. Davidsson, Per & Honig, Benson, 2003. "The role of social and human capital among nascent entrepreneurs," Journal of Business Venturing, Elsevier, vol. 18(3), pages 301-331, May.
    22. Jacob A. Mincer, 1974. "Schooling and Earnings," NBER Chapters, in: Schooling, Experience, and Earnings, pages 41-63, National Bureau of Economic Research, Inc.
    23. Ahmed Musa Khan & Mohd Yasir Arafat & Mohd Anas Raushan & Mohd Saeem Khan & Amit Kumar Dwivedi & Mohd Mohsin Khan & Imran Saleem, 2019. "Role of intellectual capital in augmenting the start-up intentions of Indians—an analysis using GEM data," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 9(1), pages 1-14, December.
    24. Pia Arenius & Maria Minniti, 2005. "Perceptual Variables and Nascent Entrepreneurship," Small Business Economics, Springer, vol. 24(3), pages 233-247, February.
    25. Jacob A. Mincer, 1974. "Schooling, Experience, and Earnings," NBER Books, National Bureau of Economic Research, Inc, number minc74-1, June.
    26. Martina Musteen & Mujtaba Ahsan, 2013. "Beyond Cost: The Role of Intellectual Capital in Offshoring and Innovation in Young Firms," Entrepreneurship Theory and Practice, , vol. 37(2), pages 421-434, March.
    27. Albert N. Link & Christopher J. Ruhm, 2013. "Public knowledge, private knowledge: the intellectual capital of entrepreneurs," Chapters, in: Public Support of Innovation in Entrepreneurial Firms, chapter 7, pages 113-126, Edward Elgar Publishing.
    28. Vidal-Suñé, Antoni & López-Panisello, María-Belén, 2013. "Institutional and economic determinants of the perception of opportunities and entrepreneurial intention," INVESTIGACIONES REGIONALES - Journal of REGIONAL RESEARCH, Asociación Española de Ciencia Regional, issue 26, pages 75-96.
    29. Mohd Yasir Arafat & Imran Saleem, 2017. "Examining start-up Intention of Indians through cognitive approach: a study using GEM data," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 7(1), pages 1-11, December.
    30. Baron, Robert A., 2004. "The cognitive perspective: a valuable tool for answering entrepreneurship's basic "why" questions," Journal of Business Venturing, Elsevier, vol. 19(2), pages 221-239, March.
    31. José Maria Veciana, 2007. "Entrepreneurship as a Scientific Research Programme," Springer Books, in: Álvaro Cuervo & Domingo Ribeiro & Salvador Roig (ed.), Entrepreneurship, pages 23-71, Springer.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Faizi Weqar & Ahmed Musa Khan & Mohd. Anas Raushan & S. M. Imamul Haque, 2021. "Measuring the Impact of Intellectual Capital on the Financial Performance of the Finance Sector of India," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 12(3), pages 1134-1151, September.
    2. Mohd. Yasir Arafat & Ahmed Musa Khan & Mohd Shamim Ansari & Imran Saleem, 2022. "What drives internationalization of new ventures? Evidence from India," Journal of Innovation and Entrepreneurship, Springer, vol. 11(1), pages 1-11, December.
    3. Adil Khan & Mohd Yasir Arafat & Imran Saleem, 2022. "Does Social Legitimacy Matter in an Indian’s Decision to Start a New Venture?," Journal of Entrepreneurship and Innovation in Emerging Economies, Entrepreneurship Development Institute of India, vol. 8(2), pages 188-205, July.
    4. Cai Li & Naveed Ahmed & Sikandar Ali Qalati & Asadullah Khan & Shumaila Naz, 2020. "Role of Business Incubators as a Tool for Entrepreneurship Development: The Mediating and Moderating Role of Business Start-Up and Government Regulations," Sustainability, MDPI, vol. 12(5), pages 1-23, February.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ahmed Musa Khan & Mohd Yasir Arafat & Mohd Anas Raushan & Mohd Saeem Khan & Amit Kumar Dwivedi & Mohd Mohsin Khan & Imran Saleem, 2019. "Role of intellectual capital in augmenting the start-up intentions of Indians—an analysis using GEM data," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 9(1), pages 1-14, December.
    2. Mohd Yasir Arafat & Imran Saleem & Amit Kumar Dwivedi & Adil Khan, 2020. "Determinants of agricultural entrepreneurship: a GEM data based study," International Entrepreneurship and Management Journal, Springer, vol. 16(1), pages 345-370, March.
    3. Mohd Yasir Arafat & Javed Ali & Amit Kumar Dwivedi & Imran Saleem, 2020. "Social and Cognitive Aspects of Women Entrepreneurs: Evidence from India," Vikalpa: The Journal for Decision Makers, , vol. 45(4), pages 223-239, December.
    4. Adil Khan & Mohd Yasir Arafat & Imran Saleem, 2022. "Does Social Legitimacy Matter in an Indian’s Decision to Start a New Venture?," Journal of Entrepreneurship and Innovation in Emerging Economies, Entrepreneurship Development Institute of India, vol. 8(2), pages 188-205, July.
    5. Antonio Rafael Ramos-Rodriguez & Jose Aurelio Medina-Garrido & Jose Ruiz-Navarro, 2023. "Determinants of Hotels and Restaurants entrepreneurship: A study using GEM data," Papers 2401.13685, arXiv.org.
    6. Diego Matricano, 2018. "Grey vs. Young Entrepreneurs: Are They Really That Different in Terms of Entrepreneurial Intentions? Empirical Evidence from Italy," International Journal of Business and Management, Canadian Center of Science and Education, vol. 13(2), pages 1-76, January.
    7. Antonio Rafael Ramos-Rodriguez & Jose Aurelio Medina-Garrido & Jose Daniel Lorenzo-Gomez & Jose Ruiz-Navarro, 2024. "What you know or who you know? The role of intellectual and social capital in opportunity recognition," Papers 2401.17448, arXiv.org.
    8. Diego Matricano, 2017. "The influence of sustainable entrepreneurship culture on start-up expectations: A comparative analysis," RIVISTA DI STUDI SULLA SOSTENIBILITA', FrancoAngeli Editore, vol. 0(1), pages 71-89.
    9. Aparicio, Sebastian & Urbano, David & Stenholm, Pekka, 2021. "Attracting the entrepreneurial potential: A multilevel institutional approach," Technological Forecasting and Social Change, Elsevier, vol. 168(C).
    10. Syed Abid Hussain & Mohd Shamim & Zubair Ahmad Sofi & Mohd Yasir Arafat & Aamir Hassan, 2022. "Drivers of venture creation in agricultural sector: a GEM data-based study," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 12(1), pages 371-384, December.
    11. C. Troise & D. Matricano & E. Candelo & L. Schjoedt, 2022. "A ten-year cross-national examination of the dance between intuition and rationality in entrepreneurial processes," International Entrepreneurship and Management Journal, Springer, vol. 18(2), pages 663-692, June.
    12. Aidis, Ruta & van Praag, Mirjam, 2007. "Illegal entrepreneurship experience: Does it make a difference for business performance and motivation?," Journal of Business Venturing, Elsevier, vol. 22(2), pages 283-310, March.
    13. Li-Min Chuang & Cheng-Chung Yeh & Chung-Wei Lin, 2019. "Applying the self-organizing maps to analyze and interpret the clustering and characteristics of nascent entrepreneurs: A cross-country study," Business & Entrepreneurship Journal, SCIENPRESS Ltd, vol. 8(1), pages 1-3.
    14. Mohd Yasir Arafat & Imran Saleem, 2017. "Examining start-up Intention of Indians through cognitive approach: a study using GEM data," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 7(1), pages 1-11, December.
    15. Pekka Stenholm & Zoltán J. Ács & Robert Wuebker, 2015. "Exploring country-level institutional arrangements on the rate and type of entrepreneurial activity," Chapters, in: Global Entrepreneurship, Institutions and Incentives, chapter 20, pages 387-404, Edward Elgar Publishing.
    16. Zlatković Matea, 2018. "An Econometric Analysis of the Effects of Human Resources and other Factors on Firm Creation," Economic Themes, Sciendo, vol. 56(4), pages 453-473, December.
    17. Christopher J. Boudreaux & Boris Nikolaev, 2019. "Capital is not enough: opportunity entrepreneurship and formal institutions," Small Business Economics, Springer, vol. 53(3), pages 709-738, October.
    18. Yue Bao & Qi Miao & Ying Liu & Daniel Garst, 2016. "Human Capital, Perceived Domestic Institutional Quality And Entrepreneurship Among Highly Skilled Chinese Returnees," Journal of Developmental Entrepreneurship (JDE), World Scientific Publishing Co. Pte. Ltd., vol. 21(01), pages 1-21, March.
    19. Klyver, Kim & Steffens, Paul & Lomberg, Carina, 2020. "Having your cake and eating it too? A two-stage model of the impact of employment and parallel job search on hybrid nascent entrepreneurship," Journal of Business Venturing, Elsevier, vol. 35(5).
    20. Claudia Alvarez & David Urbano, 2008. "Entorno e Iniciativa Emprendedora: una Perspectiva Institucional," Working Papers 0807, Departament Empresa, Universitat Autònoma de Barcelona, revised Dec 2008.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:joiaen:v:8:y:2019:i:1:d:10.1186_s13731-019-0106-y. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.