Entrepreneurial Human Capital and Firm Innovation

Louise Lindbjerg, Theodor Vladasel

Publikation: KonferencebidragPaperForskningpeer review

Abstrakt

Using a human capital lens, we argue that former entrepreneurs are endowed with execution skills: a generalist ability to create and exploit new market opportunities by acquiring and mobilizing resources. We propose that entrepreneurial human capital enhances innovation inside established firms by developing new uses for existing, but possibly underused knowledge. Combining Community Innovation Survey and register data from Denmark, we find that entrepreneurial hires are associated with higher sales from innovation, with stronger effects for incremental rather than radical innovation. Hiring entrepreneurs in middle management is particularly important for firm innovation, consistent with execution skills’ higher effectiveness when paired with broader decision rights and resource access. Together, our findings suggest that entrepreneurial hires provide a way for firms to potentially appropriate a larger share of the value their knowledge generates.
OriginalsprogEngelsk
Publikationsdato2021
Antal sider42
StatusUdgivet - 2021
BegivenhedDRUID21 Conference - Copenhagen Business School, Frederiksberg, Danmark
Varighed: 18 okt. 202120 okt. 2021
Konferencens nummer: 42
https://conference.druid.dk/Druid/?confId=62

Konference

KonferenceDRUID21 Conference
Nummer42
LokationCopenhagen Business School
LandDanmark
ByFrederiksberg
Periode18/10/202120/10/2021
Internetadresse

Emneord

  • Entrepeneurship
  • Execution skills
  • Human capital
  • Innovation
  • Learning by hiring
  • Middle management

Citationsformater