Entrepreneurship and prior experience as antecedents of absorptive capacity of high-tech academic spin-offs

Abstract

We investigate the influence of entrepreneurial orientation and team efficacy, in addition to the impact of domain-specific industry and research experience of spin-off management teams, on absorptive capacity, both potential and realised. A multiple regression analysis in 95 Dutch high-tech academic spin-offs indicates that entrepreneurial orientation and domain-specific research experience are positively related to potential absorptive capacity while entrepreneurial orientation, team efficacy and domain-specific industry experience are positively related to realised absorptive capacity. Analyses of the explained variance show that entrepreneurial orientation and team efficacy provide a higher contribution to absorptive capacity than domain-specific experience, which contributes to recent debates on antecedents of absorptive capacity for academic spin-offs.