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Neither absent nor too present: the effects of the engagement of parent universities on the performance of academic spin-offs

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  • Marco Ferretti

    (Università di Napoli Parthenope)

  • Salvatore Ferri

    (Università di Napoli Parthenope)

  • Raffaele Fiorentino

    (Università di Napoli Parthenope)

  • Adele Parmentola

    (Università di Napoli Parthenope)

  • Alessandro Sapio

    (Università di Napoli Parthenope)

Abstract

There is a lack of studies regarding the impact of parent-child relationships on the growth of academic spin-offs (ASOs). The aim of this paper is to investigate whether the presence of the parent university can affect a new venture’s ability to create value after the spin-off is founded. We analyze the engagement of parent universities by examining their different roles in ownership structures and on boards of directors, and we test theoretical hypotheses using a sample of 194 Italian ASOs. Overall, our findings suggest that “neither absent nor too present” is the strategy that the parent university should adopt to support the growth of its spin-offs. These findings contribute to extending the parent-child approach to studies of ASO performance. We provide suggestions for ownership and board composition decisions after spin-off to help universities configure ex ante appropriate actions for the growth of new ventures.

Suggested Citation

  • Marco Ferretti & Salvatore Ferri & Raffaele Fiorentino & Adele Parmentola & Alessandro Sapio, 2019. "Neither absent nor too present: the effects of the engagement of parent universities on the performance of academic spin-offs," Small Business Economics, Springer, vol. 52(1), pages 153-173, January.
  • Handle: RePEc:kap:sbusec:v:52:y:2019:i:1:d:10.1007_s11187-018-0022-8
    DOI: 10.1007/s11187-018-0022-8
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    Cited by:

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    3. Messina, Lisa & Miller, Kristel & Galbraith, Brendan & Hewitt-Dundas, Nola, 2022. "A recipe for USO success? Unravelling the micro-foundations of dynamic capability building to overcome critical junctures," Technological Forecasting and Social Change, Elsevier, vol. 174(C).
    4. Harm-Jan Steenhuis & Xin Fang & Tolga Ulusemre, 2020. "Global Diffusion of Innovation during the Fourth Industrial Revolution: The Case of Additive Manufacturing or 3D Printing," International Journal of Innovation and Technology Management (IJITM), World Scientific Publishing Co. Pte. Ltd., vol. 17(01), pages 1-34, February.
    5. Petra Moog & Christian Soost, 2022. "Does team diversity really matter? The connection between networks, access to financial resources, and performance in the context of university spin-offs," Small Business Economics, Springer, vol. 58(1), pages 323-351, January.

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    More about this item

    Keywords

    Academic spin-offs; New ventures; Universities; Performance; Academic entrepreneurship; Parent-child approach;
    All these keywords.

    JEL classification:

    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups

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