Which Factors Favour Becoming a Technology-Based & Highly Innovative Firm? The Role of Knowledge, Technological and Managerial Capabilities, and Entrepreneurs’ Education Background

15 Pages Posted: 19 Nov 2018

See all articles by Tomás González-Cruz

Tomás González-Cruz

Universitat de València

Jose Antonio Clemente

Universitat Politècnica de València

Sergio Camisón-Haba

University of Valencia

Date Written: September 6, 2018

Abstract

Which resources and capabilities ease the change to become a Technology-Based and Highly Innovative Firm – TB&InnF –, focused in the creation of value to market? We analyse this question using a novel data panel assembled for 326 Spanish industrial firms, along the period 1984-2012. Our findings show the probability of becoming a TB&InnF growths when firms are able to accumulate a high endowment of knowledge and technological capabilities, and a managerial team with: experience, strong power position and previous technical and managerial education. Results also indicate the CEO´s educational profile in management is preferable to a pure technical profile, because this complements firm´s knowledge and technological capabilities and enables the transformation of a scientific or technological project into a successful entrepreneurial innovation, which creates new value to market.

Keywords: technology-based & highly innovative firm; knowledge-based capabilities, technological capabilities, managerial capabilities, entrepreneurial education

JEL Classification: M10

Suggested Citation

González-Cruz, Tomás and Clemente, Jose Antonio and Camisón-Haba, Sergio, Which Factors Favour Becoming a Technology-Based & Highly Innovative Firm? The Role of Knowledge, Technological and Managerial Capabilities, and Entrepreneurs’ Education Background (September 6, 2018). 2018 ENTRENOVA Conference Proceedings. Available at SSRN: https://ssrn.com/abstract=3283768

Tomás González-Cruz (Contact Author)

Universitat de València ( email )

Spain

Jose Antonio Clemente

Universitat Politècnica de València ( email )

Spain

Sergio Camisón-Haba

University of Valencia ( email )

Valencia
Spain

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