Building innovative capacity in regional entrepreneurship and innovation (eco)systems: Startups versus incumbent firms

IF 2.9 3区经济学 Q1 DEVELOPMENT STUDIES Growth and Change Pub Date : 2023-03-23 DOI:10.1111/grow.12673

Wenying Fu, Haifeng Qian

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Abstract

This article studies how three sets of regional factors—knowledge, agglomeration, and openness—impact and interact differently with startups and incumbent firms in their innovative capacity building. Based on a large dataset of Chinese high-tech firms, regression analysis shows that the speed of growing startup innovative capacity relies positively on regional knowledge stock and localization economies. In addition to regional knowledge stock, incumbent innovative capacity building benefits from urbanization economies and regional openness. Favorable regional factors, including the presence of universities and the clustering of knowledge-intensive peers, also enable startups (but not incumbents) to leverage internal knowledge assets into their innovative capacity. The results suggest that it is not only the access to the external knowledge environment but also proactive endeavors to cross-fertilize between internal and external knowledge that underlie the eco-systemic nature of startup innovative capacity building.

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在区域创业和创新（生态）系统中建设创新能力：初创企业与现有企业

本文研究了知识、集聚和开放三组区域因素对初创企业和既有企业创新能力建设的不同影响和交互作用。基于中国高新技术企业数据集的回归分析表明，创业创新能力的增长速度与区域知识储备和地方经济呈正相关。除了区域知识储备，现有创新能力建设还受益于城市化经济和区域开放。有利的区域因素，包括大学的存在和知识密集型同行的聚集，也使初创企业(而不是现有企业)能够利用内部知识资产来提高其创新能力。研究结果表明，创业创新能力建设的生态系统特征不仅体现在对外部知识环境的获取上，还体现在对内外知识交叉施肥的积极努力上。

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来源期刊

Growth and Change Multiple-

CiteScore

6.40

自引率

3.10%

发文量

期刊介绍： Growth and Change is a broadly based forum for scholarly research on all aspects of urban and regional development and policy-making. Interdisciplinary in scope, the journal publishes both empirical and theoretical contributions from economics, geography, public finance, urban and regional planning, agricultural economics, public policy, and related fields. These include full-length research articles, Perspectives (contemporary assessments and views on significant issues in urban and regional development) as well as critical book reviews.