IDEAS home Printed from https://ideas.repec.org/a/ids/ijilea/v14y2013i3-4p405-421.html
   My bibliography  Save this article

The creation of new technology-based firms at the Spanish public research institutions: an analysis of their financial statements

Author

Listed:
  • David Rodeiro
  • Sara Fernández
  • Milagros Vivel
  • Maria Jesús Rodríguez

Abstract

Recently, several studies have suggested that spin-off firms are not the most useful of the available pathways for transferring scientific knowledge from public research institutions to industry, even in the countries where the spin-off phenomenon is more extended. This paper carries out a descriptive analysis of the financial statements of 72 new technology-based firms created by the Spanish universities and the Spanish National Research Council between the years 1998 and 2006. We find that, although public research-based spin-offs show positive asset and employment growth rates, they tend to remain relatively small and fail to generate positive returns to their investors. Several directions for redesigning spin-off policy follow from this analysis.

Suggested Citation

  • David Rodeiro & Sara Fernández & Milagros Vivel & Maria Jesús Rodríguez, 2013. "The creation of new technology-based firms at the Spanish public research institutions: an analysis of their financial statements," International Journal of Innovation and Learning, Inderscience Enterprises Ltd, vol. 14(3/4), pages 405-421.
    • Handle: RePEc:ids:ijilea:v:14:y:2013:i:3/4:p:405-421
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=56235
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. María Jesús Rodríguez-Gulías & David Rodeiro-Pazos & Sara Fernández-López, 2017. "The effect of university and regional knowledge spillovers on firms’ performance: an analysis of the Spanish USOs," International Entrepreneurship and Management Journal, Springer, vol. 13(1), pages 191-209, March.
    2. María Jesús Rodríguez-Gulías & Sara Fernández-López & David Rodeiro-Pazos, 2016. "Growth determinants in entrepreneurship: A longitudinal study of Spanish technology-based university spin-offs," Journal of International Entrepreneurship, Springer, vol. 14(3), pages 323-344, September.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:ijilea:v:14:y:2013:i:3/4:p:405-421. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=57 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.