Are Public Research Spin-Offs More Innovative?
AbstractThe main purpose of this paper is to analyse whether research spin-offs, that is, spinoffs from either public research institutes or universities, have greater innovation capabilities than comparable knowledge-intensive firms created in other ways. Using a sample of about 2,800 firms from highly innovative sectors, propensity score matching is used to create a sample group of control firms that is comparable to the group of spin-offs. The paper provides evidence that the 121 research spin-offs investigated 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 and by location factors. An urban region location and proximity to the parent institution are found to be conducive to innovation productivity. The paper also finds evidence that research spin-offs are more successful in attracting support from public innovation support programs in comparison to their peers.
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Bibliographic InfoPaper provided by The Ratio Institute in its series Ratio Working Papers with number 222.
Length: 30 pages
Date of creation: 08 Oct 2013
Date of revision:
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Postal: The Ratio Institute, P.O. Box 5095, SE-102 42 Stockholm, Sweden
Phone: 08-441 59 00
Fax: 08-441 59 29
Web page: http://www.ratio.se/
More information through EDIRC
Spin-Offs; Innovation Performance; Propensity Score Matching; Location Factors; Cooperation; Public R&D Subsidies;
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
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-10-18 (All new papers)
- NEP-CSE-2013-10-18 (Economics of Strategic Management)
- NEP-ENT-2013-10-18 (Entrepreneurship)
- NEP-EUR-2013-10-18 (Microeconomic European Issues)
- NEP-INO-2013-10-18 (Innovation)
- NEP-KNM-2013-10-18 (Knowledge Management & Knowledge Economy)
- NEP-SBM-2013-10-18 (Small Business Management)
- NEP-TID-2013-10-18 (Technology & Industrial Dynamics)
- NEP-URE-2013-10-18 (Urban & Real Estate Economics)
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