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Browsing by Author "Belitski, Maksim"

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    Assessing the impact of the U.K.'s research excellence framework on the relationship between university scholarly output and education and regional economic growth
    (2022) Audretsch, David B.; Belitski, Maksim; Guerrero, Maribel; Siegel, Donald S.
    This paper assesses the relationship between stakeholder influence, university scholarly and educational output, and regional economic growth. Specifically, we theorize that stakeholder intervention with respect to university teaching and learning, scholarly research, and entrepreneurship enhances the contribution of universities to regional economic growth. We test this theory using data from the UK’s Research Excellence Framework (REF), an evaluation of the research impact of British higher education institutions. We find that business school graduates, as well as graduates in STEM and health fields, have a positive impact on regional human capital development. On the other hand, stakeholder influence, through the REF, appears to have a negative effect on the retention of human capital, but a positive effect on commercialization in the region. Our findings provide new evidence of positive economic spillovers arising from university research and education and the role of fields, such as business administration, in enhancing human capital development and economic growth. They also lend credence to the notion that graduates are an important channel of knowledge and technology transfer.
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    Sustainable orientation management and institutional quality: Looking into European entrepreneurial innovation ecosystems.
    (2023) Audretsch, David; Belitski, Maksim; Guerrero, Maribel
    While research on entrepreneurship and innovation ecosystems (EIEs) has emerged over the last decade, one question remains unanswered: are entrepreneurs able to efficiently adopt and manage a sustainable orientation to increase the quality and visibility of EIEs? This study argues that institutional quality and the sustainable orientation management of entrepreneurs both shape the productive and growth-oriented entrepreneurial activity necessary to reach the United Nations Sustainable Development Goals (SDGs). Using a primary dataset on 1,676 EIE actors from 16 cities in East and South-East Europe, we theoretically debate and empirically test i) the positive and diminishing marginal returns of sustainable orientation management for EIE quality and ii) the moderation effect of institutional quality in this relationship. Our results provide empirical evidence that the institutional quality and sustainable orientation management of entrepreneurs matter for the quality of EIEs, but not for their visibility. This extends prior research on the high-growth and productive orientation of entrepreneurial ecosystems.
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    The Dynamic Contribution of Innovation Ecosystems to Schumpeterian Firms: A Multilevel Analysis
    (2022) Audretschab, David; Belitski, Maksim; Guerrero, Maribel
    This study investigates how geographical proximity with innovation ecosystems’ agents contribute to Schumpeterian firms’ innovation performance. By adopting the knowledge spillover theory of entrepreneurship (KSTE) perspectives, we propose and test a conceptual model of innovation in Schumpeterian firms using a firm-level dataset that merged information from multiple sources of 3,074 observations during 2002-2014. Our results contribute to the literature by extending three academic discussions: (a) the achievement of Schumpeterian firms’ innovation performance based on geographical approximation with innovation ecosystems’ agents, (b) the role of absorptive capacity of Schumpeterian firms’ in benefiting from external collaborations, and (c) the mechanism how policymakers can promote the improvement of knowledge-intensive capabilities in Schumpeterian firms. Our results have direct implications for innovators, regional and national policymakers.

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