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首页> 外文期刊>R & D Management: Research and Development Management >Competing in the new economy: The effect of intellectual capital on corporate entrepreneurship in high-technology new ventures
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Competing in the new economy: The effect of intellectual capital on corporate entrepreneurship in high-technology new ventures

机译：在新经济中竞争：智力资本对高科技新企业中企业企业家精神的影响

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摘要

Intellectual capital (IC) offers a potential source of sustainable competitive advantage and is believed to be the font from which technological development and economic growth may spring. This study proposes a three-dimensional framework for describing and measuring a firm's IC that includes human capital, intellectual property, and reputational capital. Drawing upon the resource-based view of the firm, it is argued that in high-technology new ventures (HTNVs) IC assets offer a unique source of advantage that facilitates entrepreneurship by reducing the risk and increasing the returns from investments in innovation and venturing. This paper reports the results of an empirical study of 237 HTNVs in the US that issued an initial public offering between 1994 and 1998. It is found that these firms' top management team human capital diversity and organizational reputation are of greatest significance for their entrepreneurial performance. Interestingly, these factors far outweigh the insignificant effect observed for intellectual property on subsequent innovation and venturing activities. The implications for theory and practice are discussed.
机译：智力资本（IC）提供了可持续竞争优势的潜在来源，并且被认为是技术发展和经济增长的源泉。这项研究提出了一个用于描述和衡量公司IC的三维框架，其中包括人力资本，知识产权和声誉资本。根据公司基于资源的观点，有人认为在高科技新企业（HTNV）中，IC资产提供了独特的优势来源，可通过降低风险并增加创新和风险投资的投资来促进创业。本文报告了对美国237家HTNV进行的实证研究的结果，该研究在1994年至1998年之间进行了首次公开募股。发现这些公司的高层管理团队的人力资本多样性和组织声誉对其创业绩效具有最重要的意义。 。有趣的是，这些因素远远超过了知识产权对于随后的创新和冒险活动的微不足道的影响。讨论了对理论和实践的意义。

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