Int. J. of Transitions and Innovation Systems   »   2012 Vol.2, No.1



Title: The influence of knowledge-based innovation on entrepreneurial outcomes


Author: Aleksandra Gawel


Address: Poznan University of Economics, Al. Niepodleglosci 10, 61-875 Poznan, Poland


Abstract: The main purpose of this paper is to investigate the relationship between knowledge-based innovation in an economy and new firm creation or company bankruptcy, as outcomes of the entrepreneurial process. Based on panel estimations for 16 regions in Poland, each of six years (2003-2008), the research hypotheses of a positive influence of innovation resources on new firm creation and company bankruptcy were tested. Research results indicate that the increasing rate of academic teachers in a society and the expenditure on R&D are positively correlated with the increasing level of start-ups and bankruptcies, while the increasing rates of students and people working in R&D in a society are negatively correlated.


Keywords: entrepreneurship; start-up rate; bankruptcy rate; knowledge-based innovation; entrepreneurial outcomes; success; failure; start-ups; new firm creation; Poland; company bankruptcies.


DOI: 10.1504/IJTIS.2012.046954


Int. J. of Transitions and Innovation Systems, 2012 Vol.2, No.1, pp.91 - 110


Available online: 22 May 2012



Editors Full text accessAccess for SubscribersPurchase this articleComment on this article