The knowledge spillover theory of entrepreneurship (KSTE) seeks to explain the mechanisms of how uncommercialized knowledge can be turned into new to market products. This paper uses a large unbalanced panel of 16,542 UK firms constructed from six consecutive waves of a community innovation survey and annual business registry survey during 2002–2014 to test the differences in the returns to knowledge spillover for innovation between start-ups and incumbent firms. The theoretical, managerial, and policy implications of the study are discussed.

中文翻译：

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初创企业，创新和知识溢出

企业家精神的知识溢出理论（KSTE）试图解释将非商业化的知识如何转化为市场产品的新机制。本文使用一个由16542家英国公司组成的大型不平衡小组，该小组由2002-2014年连续六次社区创新调查和年度商业注册机构调查构成，以测试初创企业与现有公司在知识溢出收益方面的差异。讨论了该研究的理论，管理和政策意义。