The Fountain of Knowledge: An Epistemological Perspective on the Growth of U.S. SBIR-Funded Firms

David Audretsch () and Albert Link

No 19-9, UNCG Economics Working Papers from University of North Carolina at Greensboro, Department of Economics

Abstract: The premise of this paper is that a basis for firms receiving Small Business Innovation Research (SBIR) research awards to develop commercializable technologies is not only their proposed creative ideas but also their endowment of attendant knowledge necessary to develop the technology being proposed. Based on this premise, we propose that those firms that have higher growth rates attributable to their SBIR awards are also those firms that are more creative and have more knowledge endowments. Empirically, we quantify a firm's creativity and its sources of research knowledge in terms of its past experiences, and we find that firms with more technical experience and sector experience are those that have realized higher growth rates from their SBIR-funded research.

Keywords: knowledge; creativity; entrepreneurship; SBIR program; technology (search for similar items in EconPapers)
JEL-codes: D83 H43 L26 O33 O38 (search for similar items in EconPapers)
Pages: 18 pages
Date: 2019-07-01
New Economics Papers: this item is included in nep-ent, nep-ino, nep-knm, nep-sbm and nep-tid
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

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Journal Article: The fountain of knowledge: an epistemological perspective on the growth of U.S. SBIR-funded firms (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:ris:uncgec:2019_009

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