nep-knm New Economics Papers
on Knowledge Management and Knowledge Economy
Issue of 2016‒07‒16
two papers chosen by
Laura Ştefănescu
Centrul European de Studii Manageriale în Administrarea Afacerilor

  1. Internal R&D and External Knowledge Acquisition of Start-up Firms: Exploring the Role of Entrepreneurial Human Capital By Masatoshi Kato
  2. Knowledge-Centric Practices of Performing Arts Organizations: New Directions for Organizational Resilience By Neville K. Vakharia; Marilena Vecco; Andrej Srakar; Divya Janardhan

  1. By: Masatoshi Kato (School of Economics, Kwansei Gakuin University)
    Abstract: This study explores internal research and development (R&D) and external knowledge acquisition of firms during the start-up period, using panel data from original questionnaire surveys conducted in Japan. In particular, the study highlights the role of entrepreneurial human capital in the adoption of internal R&D and external knowledge acquisition strategies (licensing-in and joint R&D). Based on estimates of a bivariate probit model, the analysis provides evidence that firms managed by entrepreneurs with a high level of human capital are more likely to engage both in internal R&D and external knowledge acquisition. More specifically, while generic human capital, such as educational attainment, plays a significant role in explaining internal R&D, specific human capital, such as prior work experience in a related field or innovation experience, tends to have a prominent in uence on external knowledge acquisition. As a supplementary analysis, the effectiveness of internal R&D and external knowledge acquisition strategies is assessed by examining the link with innovation outcomes (product innovations and patent applications). The results suggest that the two innovation strategies have positive effects on innovation outcomes.
    Keywords: Start-up, entrepreneur, internal R&D, external knowledge acquisition, generic human capital, specific human capital
    JEL: M13 L26 O32
    Date: 2016–07
  2. By: Neville K. Vakharia (Drexel University, USA); Marilena Vecco (Erasmus University Rotterdam, The Netherlands); Andrej Srakar (Institute for Economic Research, Faculty of Economics, University of Ljubljana, Slovenia); Divya Janardhan (The Ohio State University, USA)
    Abstract: This paper explores the concepts of knowledge-centric organizations in the performing arts sector as a means to understand how specific organizational practices relate to measures of financial and operational performance. Using the authors’ prior framework of a knowledge-centric arts organization, a quantitative study of 368 small and mid-sized non-profit performing arts organizations in the United States was conducted via primary data on 36 organizational practices and secondary data on 21 performance metrics. A statistical analysis using structural equation models found several distinct performance metrics’ dimensions that are statistically associated with knowledge-centric practices, in particular related to board contribution, the resilience of the organization and attendance. On the other hand, no relationship was confirmed with monetary performance measures. We were also able to show some important correlations between demographic characteristics of organizations and their usage of knowledge-centric practices. These findings can serve as a basis to further investigate how organizations can remain sustainable and operate effectively in a knowledge-driven society.
    Keywords: Knowledge Centricity, Organizational Performance, Knowledge Management, Performing Arts, Structural Equation Models
    JEL: D80 D83 G31 G32 C38 C43
    Date: 2016–07

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