Public Knowledge, Private Knowledge: The Intellectual Capital of Entrepreneurs

30 Pages Posted: 23 Mar 2009 Last revised: 7 Jun 2021

See all articles by Albert Link

Albert Link

University of North Carolina (UNC) at Greensboro - Department of Economics

Christopher J. Ruhm

University of Virginia - Frank Batten School of Leadership and Public Policy; National Bureau of Economic Research (NBER); IZA Institute of Labor Economics

Date Written: March 2009

Abstract

This paper focuses on the innovative actions of entrepreneurs, namely their tendency to reveal the intellectual capital that results from their research efforts either in the form of public knowledge (publications) or private knowledge (patents). Using data collected by the National Research Council within the U.S. National Academies from their survey of firm's that received National Institutes of Health Phase II Small Business Innovation Research awards between 1992 and 2001, we find that entrepreneurs with academic backgrounds are more likely to publish their intellectual capital compared to entrepreneurs with business backgrounds, who are more likely to patent their intellectual capital. We also find that when universities are research partners, their presence complements the tendencies of academic entrepreneurs but does not offset those of business entrepreneurs.

Suggested Citation

Link, Albert N. and Ruhm, Christopher J., Public Knowledge, Private Knowledge: The Intellectual Capital of Entrepreneurs (March 2009). NBER Working Paper No. w14797, Available at SSRN: https://ssrn.com/abstract=1366197

Albert N. Link

University of North Carolina (UNC) at Greensboro - Department of Economics ( email )

Greensboro, NC 27402-6165
United States
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Christopher J. Ruhm (Contact Author)

University of Virginia - Frank Batten School of Leadership and Public Policy ( email )

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IZA Institute of Labor Economics ( email )

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