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| Author: | Balconi, M. Fontana, R. |
| Title: | Entry and innovation: an analysis of the fabless semiconductor business |
| Journal: | Small business economics
2011 : JUL, VOL. 37:1 p. 87-106 |
| Index terms: | semiconductor industry human capital patents innovation venture capital |
| Freeterms: | new business enterprises |
| Language: | eng |
| Abstract: | The relationship of pre-entry experience and patenting for a sample of 133 active companies in the fabless semiconductor business between 1984 and 2005 is examined. Controlling for variables such as venture capital, post-entry experience and parent involvement in the new venture creation, it is found that firms having better educated founders have a higher hazard to patent soon after entry. In addition, firms, in which the founders have a longer tenure in the parent firm have a somewhat higher hazard of patenting. Finally, firms whose founders have had innovations in the past are more likely to innovate. The results imply that both general and specific human capital are important prerequisites of pre-entry experience. |
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