Enablers of explorative and exploitative intellectual capital in entrepreneurial ecosystems

PurposeThis study aims to investigate the intellectual capital (IC) dynamics in entrepreneurial ecosystems (EEs) by conceptualizing EEs as systems whose purposes include the (re)generation of the intangible resources needed for effective entrepreneurship. The study proposes a taxonomy of the key enablers of IC and develops a model that captures the unfolding interdependencies across the enablers of explorative and exploitative human, relational and organizational capital in EEs.Design/methodology/approachThe authors purposefully selected a successful EE around an entrepreneurial university in Latin America as empirical case. Specifically, they investigated the IC dynamics of the EE in the context of a series of internationally awarded hackathons and related activities organized at the ecosystem level over three years (2019-2021). The research leveraged participant observations, in-depth interviews with multiple EE actors and archival documents. For the data analysis, this study combined the Gioia method with an abductive approach.FindingsFirst, the study identified 27 operationalizable enablers of IC at the EE level clustered into human, relational and organizational capital and further differentiated these enablers considering the explorative and exploitative facets of IC. Second, it determined that the dynamic interplay across IC enablers is critical for an EE to flourish and evolve adaptively. This study concludes that assessing IC enablers and their dynamics can aid the understanding, evaluation and management of EEs.Originality/valueTo the best of the authors' knowledge, this study is the first to conceptualize EEs as systems whose purposes include creating the conditions for an effective interplay of explorative and exploitative IC at the system level. The resulting taxonomy of IC enablers provides formative constructs that will benefit both scholars and practitioners investigating the crucial role of intangible resources in EEs and guide managers, entrepreneurs and policymakers in their decision-making processes.