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Cited by 323

The DOI matches its Crossref record; 63 of the 63 references it cites were found in a registry or an index.

Competing in the new economy: the effect of intellectual capital on corporate entrepreneurship in high-technology new ventures

Open access
Hayton, James C.·2005·R and D Management
DOI 10.1111/j.1467-9310.2005.00379.x
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Abstract

Intellectual capital (IC) offers a potential source of sustainable competitive advantage and is believed to be the font from which technological development and economic growth may spring. This study proposes a three-dimensional framework for describing and measuring a firm's IC that includes human capital, intellectual property, and reputational capital. Drawing upon the resource-based view of the firm, it is argued that in high-technology new ventures (HTNVs) IC assets offer a unique source of advantage that facilitates entrepreneurship by reducing the risk and increasing the returns from investments in innovation and venturing. This paper reports the results of an empirical study of 237 HTNVs in the US that issued an initial public offering between 1994 and 1998. It is found that these firms' top management team human capital diversity and organizational reputation are of greatest significance for their entrepreneurial performance. Interestingly, these factors far outweigh the insignificant effect observed for intellectual property on subsequent innovation and venturing activities. The implications for theory and practice are discussed.

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Metadata

Authors
Hayton, J. C.
Venue
R and D Management
Publisher
Wiley
Published
2005-03
Volume
35
Issue
2
Pages
137-155
ISSN
  • 0033-6807 (ISSN-L)
  • 1467-9310
DOI
10.1111/j.1467-9310.2005.00379.x
OpenAlex
W2161903589
Cited by
323
References
63
FWCI
32.97
Type
journal article
Language
en
Open access
green

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CoChat. (2026). Citation check: Competing in the new economy: the effect of intellectual capital on corporate entrepreneurship in high-technology new ventures. https://app.cochat.ai/papers/10.1111/j.1467-9310.2005.00379.x
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Hayton, J. C. (2005). Competing in the new economy: the effect of intellectual capital on corporate entrepreneurship in high-technology new ventures. R and D Management. https://doi.org/10.1111/j.1467-9310.2005.00379.x

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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.