Are Research Spin-Offs More Innovative? Evidence from a Matching Analysis
AbstractThe purpose of the paper is to analyze whether research spin-offs, that is, spinoffs from either research institutes or universities, have greater innovation capabilities than comparable knowledge-intensive firms created in other ways. Using a sample of about 1,800 firms from high-innovative sectors, propensity score matching is used to create a sample of control firms that are comparable to the group of spin-offs. The paper provides evidence that the investigated 123 research spin-offs have more patent applications and more radical product innovations on average compared to similar firms. The results also show that research spin-offs’ superior innovation performance can be explained by their high level of research cooperation activities and by location effects. Being located in an urban region and proximity to parent institutions is conducive for innovation productivity.
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Bibliographic InfoPaper provided by Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies in its series Working Paper Series in Economics and Institutions of Innovation with number 287.
Length: 25 pages
Date of creation: 05 Nov 2012
Date of revision:
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Postal: CESIS - Centre of Excellence for Science and Innovation Studies, Royal Institute of Technology, SE-100 44 Stockholm, Sweden
Phone: +46 8 790 95 63
Web page: http://www.infra.kth.se/cesis/
More information through EDIRC
Spin-Offs; Innovation Performance; Propensity Score Matching; Locational Factors; Cooperation;
Find related papers by JEL classification:
- M13 - Business Administration and Business Economics; Marketing; Accounting - - Business Administration - - - New Firms; Startups
- O18 - Economic Development, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
- R30 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Production Analysis, and Firm Location - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-11-17 (All new papers)
- NEP-CSE-2012-11-17 (Economics of Strategic Management)
- NEP-ENT-2012-11-17 (Entrepreneurship)
- NEP-INO-2012-11-17 (Innovation)
- NEP-IPR-2012-11-17 (Intellectual Property Rights)
- NEP-KNM-2012-11-17 (Knowledge Management & Knowledge Economy)
- NEP-SBM-2012-11-17 (Small Business Management)
- NEP-TID-2012-11-17 (Technology & Industrial Dynamics)
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