Abstract
Abstract We investigate the influence of entrepreneurial orientation and team efficacy, in addition to the impact of domain-specific industry and research experience of spin-off management teams, on absorptive capacity, both potential and realised. A multiple regression analysis in 95 Dutch high-tech academic spin-offs indicates that entrepreneurial orientation and domain-specific research experience are positively related to potential absorptive capacity while entrepreneurial orientation, team efficacy and domain-specific industry experience are positively related to realised absorptive capacity. Analyses of the explained variance show that entrepreneurial orientation and team efficacy provide a higher contribution to absorptive capacity than domain-specific experience, which contributes to recent debates on antecedents of absorptive capacity for academic spin-offs.
Highlights
This paper aims to study the effect of domain-specific experience, entrepreneurial orientation, and team-efficacy on the absorptive capacity of the spin-off’s management team
Absorptive capacity plays a critical role in fostering academic spin-off growth and helping them face their growth challenges through the acquisition and exploitation of knowledge and resources (Bollingtoft and Ulhoi, 2005; Holcomb et al, 2009; Lockett et al, 2005; Sirmon et al, 2007; Wright et al, 2007; Zahra et al, 2009)
This study investigates how the prior experience of academic spin-off teams, and their entrepreneurial orientation and entrepreneurial team-efficacy, relate to different dimensions of potential absorptive capacity and realised absorptive capacity
Summary
Entrepreneurship scholars have studied the role of absorptive capacity to explain the innovation capability and value creation process of new ventures (McKelvie and Davidsson, 2009; Sapienza et al, 2006; Zahra et al, 2006) and the growth of new ventures (Fosfuri and Tribó, 2008; Gray, 2006; Hayton and Zahra, 2005; Larraneta et al, 2007; Rothaermel and Thursby, 2005; Zahra et al, 2009). Absorptive capacity plays a critical role in fostering their growth and helping them face their growth challenges through the acquisition and exploitation of knowledge and resources (Bollingtoft and Ulhoi, 2005; Holcomb et al, 2009; Lockett et al, 2005; Sirmon et al, 2007; Wright et al, 2007; Zahra et al, 2009) It will help such firms with constant access to new knowledge and information about opportunities (Engelen et al, 2014; Rothaermel and Alexandre, 2009)
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