Investment in training and skills for innovation in entrepreneurial start-ups and incumbents: evidence from the United Kingdom

Maksim Belitski (), Rosa Caiazza () and Yuliya Rodionova ()
Additional contact information
Maksim Belitski: University of Reading
Rosa Caiazza: Parthenope University of Naples
Yuliya Rodionova: The Russian Presidential Academy of the National Economy and Public Administration

International Entrepreneurship and Management Journal, 2020, vol. 16, issue 2, No 11, 617-640

Abstract: Abstract Firms that aim to compete globally have to invest in knowledge and have to use knowledge returns to increase their competitive advantage. This paper extends our understanding of returns to knowledge investment by focusing on innovative training and skills in entrepreneurial organizations and incumbents, as well as the role of legal protection in further investment in knowledge. Using novel innovation data for a panel of 4049 firms in the UK, this paper estimates the training premium for the country’s most innovative firms. Returns on training vary between start-ups and incumbents and during economically-constrained times. Specifically, the study highlights evidence for higher returns on training during times of crisis and lower returns before the crisis. In filling a gap in the calculation of returns to investment in knowledge creation within organization, the study advances our understanding on how entrepreneurial firms need to invest in training and skills to increase innovation outcomes.

Keywords: Innovation; Training; Skills; Entrepreneurship; Knowledge; United Kingdom (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (12)

Downloads: (external link)
http://link.springer.com/10.1007/s11365-019-00606-4 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:intemj:v:16:y:2020:i:2:d:10.1007_s11365-019-00606-4

Ordering information: This journal article can be ordered from
http://www.springer. ... urship/journal/11365

DOI: 10.1007/s11365-019-00606-4

Access Statistics for this article

International Entrepreneurship and Management Journal is currently edited by Salvador Roig

More articles in International Entrepreneurship and Management Journal from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().