How absorptive capacity enables new entrepreneurial ventures of high added value

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Tipo: artículo
Idioma: Inglés


How absorptive capacity enables new entrepreneurial ventures of high added value

Absorptive capacity as a set of organizational capabilities in the context of established firms has been heavily explored in the relevant literature. But when it comes to the business formation phase and especially to the creation of knowledge intensive entrepreneurial ventures, knowledge inheritance of new firms seems to be more related to individual attributes. Knowledge intensive entrepreneurship is very much dependent on founders’ capability to understand new knowledge, combine their knowledge with external knowledge sources and exploit it in the context of opportunities they can recognize, namely the founders’ absorptive capacity. This study gives new insights into the concept of absorptive capacity by studying it at the individual level enhancing the way of measuring it. At policy level this analysis reveals the importance of micro-determinants in fostering knowledge intensive entrepreneurial activities. Based on quantitative data from a large-scale survey, we conducted partial least squares structural equation modelling (PLS-SEM) verifying the role of the founding team characteristics and antecedents of absorptive capacity in triggering knowledge intensive entrepreneurship. Furthermore, the results imply a weaker but positive indirect effect of absorptive capacity to new ventures performance. There is also a statistically significant negative influence of the competition intensity and a positive influence of equity funding on the formation of knowledge intensive entrepreneurship

Keywords: Absorptive Capacity; Knowledge intensive Entrepreneurship; Founding team; New
Venture Performance


Ioanna Kastelli

Georgios Siokas

Aggelos Tsakanikas


National Technical University of Athens, Laboratory of Industrial and Energy Economics


Año: 2022

Aportado por: José Carlos Sánchez García

AFIDE (Asociación para la Formación, Investigación y Desarrollo del Emprendimiento) no se hace responsable de las consecuencias que se puedan derivar respecto a la difusión de contenidos no autorizados por sus autores y expuestos en esta sección por terceros, siendo estos últimos, en todo caso, los responsables de los contenidos subidos a la plataforma o expuestos, de algún modo, en ella.
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