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Academic entrepreneurship: founding and governance determinants in university spin-off ventures

Author

Listed:
  • Mauro Sciarelli

    (University of Naples Federico II)

  • Giovanni Catello Landi

    (University of Naples Federico II
    University of Naples Federico II, Complesso Universitario Monte S. Angelo)

  • Lorenzo Turriziani

    (University of Naples Federico II)

  • Mario Tani

    (University of Naples Federico II)

Abstract

Academic research is generally seen as one of the most important goals of a university, but universities are being called upon simultaneously to assist in building a local entrepreneurial ecosystem and contributing to economic growth. Universities can be the source of startups based on academic research results and thereby influence a given industrial context. This paper investigates the impact of academic entrepreneurship on the economic performance of university spin-offs (USOs) and, in particular, how the composition of the founding team, the diversity of academic ownership, CEO duality, and the presence of women on the board of directors affect USO success. We study these relationships with a cross-sectional sample of 136 firms in southern Italy. Our findings highlight that governance and ownership can influence various indicators that are often used for measuring enterprise success in different ways and that, based on the specific success metrics, managers or policymakers should consider different aspects to better understand a USO’s potential for success.

Suggested Citation

  • Mauro Sciarelli & Giovanni Catello Landi & Lorenzo Turriziani & Mario Tani, 2021. "Academic entrepreneurship: founding and governance determinants in university spin-off ventures," The Journal of Technology Transfer, Springer, vol. 46(4), pages 1083-1107, August.
    • Handle: RePEc:kap:jtecht:v:46:y:2021:i:4:d:10.1007_s10961-020-09798-2
    DOI: 10.1007/s10961-020-09798-2
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    4. Loredana Lucci, 2022. "Meso e macro determinants of the entrepreneurial success in university spin-offs," Advances in Management and Applied Economics, SCIENPRESS Ltd, vol. 12(1), pages 1-4.
    5. García-Lillo, Francisco & Seva-Larrosa, Pedro & Sánchez-García, Eduardo, 2023. "What is going on in entrepreneurship research? A bibliometric and SNA analysis," Journal of Business Research, Elsevier, vol. 158(C).
    6. De Keyser, Bart & Vandenbempt, Koen, 2023. "Processes of practice in the realm of theory: Unveiling the dynamics of academic intrapreneurship," Technovation, Elsevier, vol. 126(C).
    7. Anh Nguyen Quoc & Minh Thang Le & Hiep-Hung Pham, 2021. "The Impact of the Third Mission on Teaching and Research Performance: Evidence From Academic Scholars in an Emerging Country," SAGE Open, , vol. 11(4), pages 21582440211, October.
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    More about this item

    Keywords

    Academic diversity; CEO duality; Founding team; Southern Italy; University spin-off;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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