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What Determines the Innovation Capability of Firm Founders?Spyros ArvanitisSwiss Federal Institute of Technology Zurich (ETH) - Swiss Institute for Business Cycle Research (KOF) Tobias StuckiETH Zürich - Swiss Institute for Business Cycle Research September 1, 2010 KOF Swiss Economic Institute Working Paper No. 265 Abstract: Innovative start-ups, not start-ups in general, seem to be important drivers of economic growth. However, little is known about how 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 innovative activities of start-ups by more than 40%.
Number of Pages in PDF File: 29 Keywords: Start-Ups, Innovation, Founder Characteristics JEL Classification: M13, L26, O30 working papers seriesDate posted: January 6, 2011Suggested CitationContact Information
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