RT Journal Article
T1 Absorptive capacity balance and new venture performance: cultivating knowledge from regional clusters
A1 Solano, Gloria
A1 Larrañeta, Barbara
A1 Aguilar Caro, Rocío
K1 Absorptive capacity
K1 Regional clusters
K1 New ventures
K1 Performance
AB Applying the knowledge-based theory to the context of very young firms (new ventures) this study examines whether and how the knowledge characteristics of regional clusters influence the development of capabilities and performance of new ventures. Specifically, we focus on a crucial capability for new ventures to benefit from external knowledge and harness it for advantage: absorptive capacity. Using a sample of 140 new ventures located in 7 distinct regional clusters in Spain, we find that both, the intensity of knowledge sharing among clients and suppliers, and the social structure of regional clusters encourage new ventures to develop their absorptive capacity differently, having consequences for the balance between its potential and realised dimensions. Further, the results support the important role of absorptive capacity in mediating the effects of the knowledge environment (cluster characteristics) on new ventures’ performance. Implications for building new ventures’ absorptive capacity and cultivating knowledge from clusters are discussed.
PB Routledge Taylor & Francis Group
YR 2020
FD 2020
LK https://hdl.handle.net/10433/19681
UL https://hdl.handle.net/10433/19681
LA en
NO Gloria Solano, Bárbara Larrañeta & Rocío Aguilar (2020) Absorptive capacity balance and new venture performance: cultivating knowledge from regional clusters, Technology Analysis & Strategic Management, 32:11, 1264-1276, DOI: 10.1080/09537325.2020.1760236
NO Departamento de Organización de Empresas y Marketing
DS RIO
RD May 10, 2026