Title: R&D investment and entrepreneurial technological capabilities: existing capabilities as determinants of new capabilities

Authors: C. Annique Un, Angeles Montoro-Sanchez

Addresses: Sonoco International Business Department, 555, Moore School of Business, University of South Carolina, 1705 College Street, Columbia, SC 29208, USA. ' Departamento de Organizacion de Empresas, F. CC. Economicas y Empresariales, Complutense University of Madrid, 28223 Pozuelo de Alarcon, Madrid, Spain

Abstract: We provide a better understanding of the concept of economies of resource accumulation by studying how existing capabilities affect the development of new entrepreneurial technological capabilities. We argue that the entrepreneurial firm needs to have the capability to invest, which reflects the existence of interconnectedness of asset stocks, and the capability to absorb, which reflects the existence of asset mass efficiencies, in order to be able to develop new technological capabilities through investments in R&D. All this helps limit imitation of the firm|s advantage.

Keywords: R&D investment; research and development; technology management; entrepreneurship; entrepreneurial technological capabilities.

DOI: 10.1504/IJTM.2011.038828

International Journal of Technology Management, 2011 Vol.54 No.1, pp.29 - 52

Available online: 04 Mar 2011 *

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