Abstract
To establish a basic model to evaluate the effect of entrepreneurship upon the organizational innovation, applying transaction costs and intellectual property right protection as institutional moderating variables. By collecting data from GEM’s investigation, the dynamic connection between the entrepreneurship and innovation decision was explored and the differences in terms of innovation’s motivations were statistically compared between the North and emerging countries. The entrepreneurship exerted positive effect on entrepreneurs’ innovation decision. The decrease of transaction costs had positive moderating effect. With subsequent comparative analysis, the transaction costs exerted larger moderating effect, whereas intellectual property right protection had negative moderating effect in emerging countries. Individualized policy implications should be proposed according to the specific situations in emerging countries, which include adapting regional incubator, building information communication platform as well as applying appropriate intellectual property right protection.
Highlights
Alone with the shifting of innovation personnel from science center and university to small-medium enterprises, technical innovation research is under the transition from the analysis of static data to in-depth evaluation of motivationdecision mechanism
As a vital part of regional innovation environment, whether the institutional environment can moderate the relationship between entrepreneurship and innovation behavior when it is perceived by entrepreneur remains elusive, which contributes to the adaptation of regional innovation environment and promotion of organizational open innovation in practical manners
To test the relationship between entrepreneurship and organizational innovation, multiple logistics regression models were established and the low innovation level was regarded as the control group in this investigation
Summary
Alone with the shifting of innovation personnel from science center and university to small-medium enterprises, technical innovation research is under the transition from the analysis of static data to in-depth evaluation of motivationdecision mechanism. Entrepreneurship has multiple dimensions which can affect the regional innovation, and the main mechanisms include knowledge creation, regional collaboration and technology commercialization (Stam, 2015; Wong et al, 2005; Delgado et al, 2010). Due to the limitations of new-classical economics in analyzing decisionmaking and organizational behaviors, the effect of entrepreneurship on organizational innovation decision is like a “black box” to be expressed accurately (Teece, 2007). With the emerging theory of evolutionary economics and the classical paradigm of revolution, knowledge creation and organization heterogeneity, institutional environment of innovation seem to be the novel approaches to express the enterprise’s innovation strategy in a specific area or life cycle (Boschma, 2005; Cantwell et al, 2010). As a vital part of regional innovation environment, whether the institutional environment can moderate the relationship between entrepreneurship and innovation behavior when it is perceived by entrepreneur remains elusive, which contributes to the adaptation of regional innovation environment and promotion of organizational open innovation in practical manners
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