The knowledge spillover theory of entrepreneurship

By Zoltan J. Acs, P. Braunerhjelm, David B. Audretsch, B. Carlsson. 2005

165 citations recorded by the source corpus.

Contemporary theories of entrepreneurship generally focus on the recognition of opportunities and the decision to exploit them. Although the entrepreneurship literature treats opportunities as exogenous, the prevailing theory of economic growth suggests they are endogenous. This paper advances the microeconomic foundations of endogenous growth theory by developing a knowledge spillover theory of entrepreneurship. Knowledge created endogenously results in knowledge spillovers, which allow entrepreneurs to identify and exploit opportunities.

Subfields: Economics and Econometrics, Management of Technology and Innovation

View Paper: https://www.semanticscholar.org/paper/a7d3a56f677c0c7214fe0892ab46b87d1a4b2673

Citations in the corpus

• The impact of small- and medium-sized family firms on economic growth (2015, unknown): “In this regard, studies are starting to recognize the roles of knowledge asymmetries and knowledge spillovers in the interactions between firms (Acs et al. 2009; Audretsch and Feldman 1996).”
• Regional characteristics, opportunity perception and entrepreneurial activities (2014, unknown): “In a related approach, Audretsch and Keilbach (2004) use a similar measure as an indicator for regions’ endowment with entrepreneurship capital.”
• Formal and Informal Knowledge and Technology Transfer from Academia to Industry: Complementarity Effects and Innovation Performance (2013, unknown): “Adopting the perspective of the firm, the knowledge spillover theory of entrepreneurship has evolved as a prominent theoretical concept that puts emphasis on knowledge spillovers and their role for opportunity identification and exploitation (Audretsch et al., 2005; Acs et al., 2009).”
• The missing link: knowledge diffusion and entrepreneurship in endogenous growth (2010, unknown): “We believe that the ambiguous empirical support for endogenous growth models is associated with far too mechanistic a view on the spillover of knowledge (Acs et al. 2009, Carlsson et al. 2009).”
• Expanding entrepreneurship education ecosystems (2017, unknown): “knowledge transfer and knowledge remains uncommercialized (Acs et al. 2013; Audretsch and Belitski, 2013; Caiazza and Volpe, 2016).”
• Why are some entrepreneurs more innovative than others? (2007, unknown): “Acs et al. (2005) emphasize that the creation of innovative business opportunities is the result of the creation of new knowledge.”
• Foundations of High Impact Entrepreneurship (2008, unknown): “In the knowledge spillover theory of entrepreneurship (Audretsch, 1995; and Acs et al, 2005) the focus is on the interaction between incumbent firms and entrepreneurs when institutional factors generate opportunities for arbitrage in commercializing new knowledge.”