TY - JOUR
T1 - Entrepreneurship in East Asian Regional Innovation Systems
T2 - Role of social capital
AU - Yoon, Hyungseok
AU - Yun, Sunyoung
AU - Lee, Joosung
AU - Phillips, Fred
N1 - Publisher Copyright:
© 2015 Elsevier Inc.
PY - 2015/11/1
Y1 - 2015/11/1
N2 - This paper analyzes the role of social capital in entrepreneurial RIS (Regional Innovation Systems). We disaggregate the features of mature entrepreneurial RIS into three dimensions of social capital: structural, relational, and cognitive. We apply these features of mature entrepreneurial RIS to the still-evolving entrepreneurial RIS from East Asia including Daedeok Innopolis of Korea and Hsinchu Science Park of Taiwan. The spawning effect of representative companies within focal industries, collaboration among the key organizational actors, and attraction and retention of talent are taken into account. The study uncovers a new aspect of still-evolving entrepreneurial RIS, which complements the existing typology categorizing RIS into institutional RIS and entrepreneurial RIS. Whereas the conventional literature has viewed the East Asian RIS as institutional RIS, the findings of this study allow scholars to view the East Asian RIS as entrepreneurial in their own distinctive manner. Meanwhile, we also find an important implication for making a shift from a top-down to a bottom-up approach in order for the still-evolving entrepreneurial RIS to vitalize cognitive social capital. Thus, we suggest the transitions from outward-looking social capital to inward-looking social capital.
AB - This paper analyzes the role of social capital in entrepreneurial RIS (Regional Innovation Systems). We disaggregate the features of mature entrepreneurial RIS into three dimensions of social capital: structural, relational, and cognitive. We apply these features of mature entrepreneurial RIS to the still-evolving entrepreneurial RIS from East Asia including Daedeok Innopolis of Korea and Hsinchu Science Park of Taiwan. The spawning effect of representative companies within focal industries, collaboration among the key organizational actors, and attraction and retention of talent are taken into account. The study uncovers a new aspect of still-evolving entrepreneurial RIS, which complements the existing typology categorizing RIS into institutional RIS and entrepreneurial RIS. Whereas the conventional literature has viewed the East Asian RIS as institutional RIS, the findings of this study allow scholars to view the East Asian RIS as entrepreneurial in their own distinctive manner. Meanwhile, we also find an important implication for making a shift from a top-down to a bottom-up approach in order for the still-evolving entrepreneurial RIS to vitalize cognitive social capital. Thus, we suggest the transitions from outward-looking social capital to inward-looking social capital.
KW - Entrepreneurship
KW - Regional innovation systems
KW - Social capital
UR - http://www.scopus.com/inward/record.url?scp=84949539637&partnerID=8YFLogxK
U2 - 10.1016/j.techfore.2015.06.028
DO - 10.1016/j.techfore.2015.06.028
M3 - Article
AN - SCOPUS:84949539637
SN - 0040-1625
VL - 100
SP - 83
EP - 95
JO - Technological Forecasting and Social Change
JF - Technological Forecasting and Social Change
ER -