Abstract

Two distinct argumentations exist in entrepreneurship research. The Kirznerian perspective holds prior knowledge of the entrepreneur responsible for opportunity discovery and exploitation, whereas the Schumpeterian perspective agues that it is the entrepreneur’s will and action that drive the process. To test the two perspectives, the study controls for endowments with technology at founding and examines the relative impact of prior knowledge and innovation championing of academic entrepreneurs on the performance of university spin-offs.

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