Innovation Capital

David Audretsch () and Albert Link

No 18-6, UNCG Economics Working Papers from University of North Carolina at Greensboro, Department of Economics

Abstract: In this paper we compare the relationship between a firm’s innovation capital and the likelihood that a firm will commercialize an invention. Our index of innovation capital is the product of the firm’s human capital, social capital, and reputational capital. We find from our empirical experiment, which uses Small Business Innovation Research (SBIR) data, that innovation capital is a statistically more important entrepreneurial input to the innovation output of commercialization than any of its components.

Keywords: innovation capital; human capital; social capital; reputational capital; entrepreneurship; commercialization (search for similar items in EconPapers)
JEL-codes: L31 O31 O38 (search for similar items in EconPapers)
Pages: 17 pages
Date: 2018-09-21
New Economics Papers: this item is included in nep-bec, nep-cse, nep-ent, nep-ino, nep-sbm and nep-tid
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Journal Article: Innovation capital (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:ris:uncgec:2018_006

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