The Theory of Knowledge Spillover Entrepreneurship

13 Pages Posted: 9 Nov 2007

See all articles by David B. Audretsch

David B. Audretsch

Indiana University - Institute for Development Strategies; King Saud University; WHU - Otto Beisheim School of Management; Indiana University Bloomington - School of Public & Environmental Affairs (SPEA)

Max Keilbach

Max Planck Society for the Advancement of the Sciences - Max Planck Institute for Economics

Abstract

The prevailing theories of entrepreneurship have typically revolved around the ability of individuals to recognize opportunities and then to act on them by starting a new venture. This has generated a literature asking why entrepreneurial behaviour varies across individuals with different characteristics while implicitly holding constant the external context in which the individual finds herself. Thus, where the opportunities come from, or the source of entrepreneurial opportunities, is also implicitly taken as given. By contrast, in this paper an important source of entrepreneurial opportunities is identified knowledge and ideas created in an incumbent organization. By commercializing knowledge that otherwise would remain uncommercialized through the start-up of a new venture, entrepreneurship serves as a conduit of knowledge spillovers. According to the theory of knowledge spillover entrepreneurship, a context with more knowledge will generate more entrepreneurial opportunities. By contrast, a context with less knowledge will generate fewer entrepreneurial opportunities. Based on a data set linking entrepreneurship to the knowledge context, empirical evidence is provided that is consistent with the proposition that entrepreneurial opportunities are not exogenous but rather systematically created by investments in knowledge by incumbent organizations.

Suggested Citation

Audretsch, David B. and Keilbach, Max, The Theory of Knowledge Spillover Entrepreneurship. Journal of Management Studies, Vol. 44, No. 7, pp. 1242-1254, November 2007. Available at SSRN: https://ssrn.com/abstract=1028401 or http://dx.doi.org/10.1111/j.1467-6486.2007.00722.x

David B. Audretsch

Indiana University - Institute for Development Strategies ( email )

1315 East Tenth Street
Bloomington, IN 47405
United States
812-855-6766 (Phone)
812-855-0184 (Fax)

King Saud University ( email )

Riyadh, 11451
Saudi Arabia

WHU - Otto Beisheim School of Management ( email )

Burgplatz 2
Vallendar, 56179
Germany

Indiana University Bloomington - School of Public & Environmental Affairs (SPEA) ( email )

1315 East Tenth Street
Bloomington, IN 47405
United States

Max Keilbach (Contact Author)

Max Planck Society for the Advancement of the Sciences - Max Planck Institute for Economics ( email )

Kahlaische Strasse 10
D-07745 Jena, 07745
Germany
+49 - 3641 - 68 67 70 (Phone)
+49 - 3641 - 68 67 10 (Fax)

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