Session 22

Innovation and Strategic Entrepreneurship

Track K

Date: Monday, September 30, 2013


Time: 08:00 – 09:15


Room: Int'l Ballroom B

Session Chair:

  • Briana Sell, Georgia Institute of Technology

Title: Educational Mismatches and Entry into Entrepreneurship


  • Briana Sell, Georgia Institute of Technology

Abstract: In this study, educational mismatches are examined. I complement prior research by using the NSF’s Longitudinal Scientists and Engineers Statistical Data System to analyze the reasons scientists and engineers report for being mismatched, in order to distinguish between those who voluntarily choose to be mismatched for reasons such as career change, work conditions, and salary versus those who are forced into a mismatch because no jobs were available in their educational field. I find that those who are mismatched receive lower salaries and have lower job satisfaction rates but are engaged in a broader set of work activities, particularly non R&D activities. I also find that those who are mismatched, and particularly those who are voluntarily mismatched, have a much higher probability of entering entrepreneurship.

Title: Resource Slack And Knowledge Creation For New Technology-Based Firms: Questioning The Validity Of Agency Theory For Entrepreneurship Research


  • Yongseok Jang, University of Florida

Abstract: The relationship between resource slack and performance is still the center of controversy. To respond to the slack-performance puzzle, this study investigates its impact on the knowledge creation of NTBFs. The following questions will shape and guide this study: How do entrepreneurs achieve resource slack? In what contingencies do agents take care to maximize use of excess resources, and how? Does financial slack matter to knowledge creation? I expect to highlight the relationship between excess financial resources and enhance the knowledge creation of NTBFs. I also expect to invalidate the biased assumptions of agent theory in terms of entrepreneurship research by highlighting the moderating effects of separation between ownership and control, organizational structure, and the availability of incentives.

Title: Swimming Against the Current: Examining the Relationship Between Radical Innovation and Startup Firm Market Value


  • Thomas Klueter, IESE Business School

Abstract: In this paper, we examine how the radicalness of innovation of startup firms affects performance in form of market valuations. Drawing on research on startup performance and inter-organizational partnering, we argue that pursuing radical ways of solving problems compounds legitimacy issues and resource constraints for startup firms, leading to lower market valuations. However, taking into account the unique dependencies between startups and established firms, we identify that startups pursuing radical innovations can disproportional benefit from forming commercialization partnerships as well as failures in the R&D attempts by established firms. We test our model for 144 biotechnology startups and find broad support for our hypotheses. The study contributes to our understanding of how radical innovation affects startup performance and the unique role of established firms in shaping this relationship.

Title: When Are Patent Litigants Productive or Unproductive Entrepreneurs? Evidence from a Natural Experiment on False Patent Marking, 2007-2011


  • Amol Joshi, University of Hawaii-Manoa

Abstract: Manufacturing and selling products imprinted with incorrect, counterfeit, or expired patent numbers discourages competition, misleads consumers, and violates U.S. Federal law. To protect the public, the law provides financial incentives for corporations and private citizens to act on the government’s behalf by initiating lawsuits against firms falsely marking unpatented products. I examine how changes in these incentives shift the plaintiff’s allocation of entrepreneurial effort between productive and unproductive litigation. Using regression models, I analyze the settlement likelihood, monetary benefits, and time costs of 971 false patent marking cases filed by 199 plaintiffs against 893 defendants (2007-2011). The results suggest that increasing incentives for non-competitors and competitors may generate economically harmful unintended consequences that have important theoretical, managerial, and policy implications.

All Sessions in Track K...

Sun: 08:00 – 09:15
Session 162: Strategic Entrepreneurship
Sun: 09:45 – 11:00
Session 164: Real Options and Entrepreneurship: What Questions Can We Ask?
Sun: 11:15 – 12:30
Session 163: Entrepreneurial Firms and MNCs: An Emerging Market Perspective
Sun: 15:15 – 16:30
Session 19: Institutional Theory and Stategic Entrepreneurship
Sun: 16:45 – 18:00
Session 302: Entrepreneurship and Strategy Business Meeting
Mon: 08:00 – 09:15
Session 22: Innovation and Strategic Entrepreneurship
Mon: 09:45 – 11:00
Session 20: Informal Firms & BOP in Strategic Entrepreneurship
Session 23: Strategic Entrepreneurship from Different Perspectives
Mon: 14:00 – 15:15
Session 18: Venture Capital and the Entrepreneurial Firm
Session 24: How the Past Affects the Future in Strategic Entrepreneurship
Mon: 17:00 – 18:15
Session 25: Cognition and Learning in Strategic Entrepreneurship
Session 213: Funding of Entrepreneurial Ventures
Tue: 08:00 – 09:15
Session 21: Behavioral Theory & Strategic Entrepreneurship
Session 224: Technology and Entrepreneurship
Tue: 11:00 – 12:15
Session 26: Dyanamic Capabilities & Strategic Entrepreneurship
Session 56: A Variety of Perspectives on Strategic Entrepreneurship
Tue: 15:45 – 17:00
Session 36: International Topics & Strategic Entrepreneurship
Session 40: Qualitative Research & Strategic Entrepreneurship
Tue: 17:15 – 18:30
Session 38: IPOs & Strategic Entrepreneurship

Strategic Management Society