Entrepreneurial Origin, Technological Knowledge and the Growth of Spin-off Companies
AbstractWe contribute to the literature on corporate spin-offs and university spin-offs by exploring how different characteristics in the technological knowledge base at start-up influence spin-off performance. We investigate how the technological knowledge characteristics endowed at start-up predict growth, taking into account whether the knowledge / technology is transferred from a corporation or university. We use a novel, hand-collected dataset involving 48 corporate and 73 university spin-offs, comprising the population of spin-offs in Flanders during 1991-2002. We find corporate spin-offs grow most if they start with a specific narrow-focused technology sufficiently distinct from the technical knowledge base of the parent company and which is tacit. University spin-offs benefit from a broad technology which is transferred to the spin-off. Novelty of the technical knowledge does not play a role in corporate spin-offs, but has a negative impact in university spin-offs unless universities have an experienced technology transfer office to support the spin-off.
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Bibliographic InfoPaper provided by Ghent University, Faculty of Economics and Business Administration in its series Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium with number 10/693.
Length: 40 pages
Date of creation: Dec 2010
Date of revision:
technological knowledge; corporate spin-offs; university spin-off;
Other versions of this item:
- Bart Clarysse & Mike Wright & Els Van de Velde, 2011. "Entrepreneurial Origin, Technological Knowledge, and the Growth of Spin‐Off Companies," Journal of Management Studies, Wiley Blackwell, vol. 48, pages 1420-1442, 09.
- NEP-ALL-2011-03-05 (All new papers)
- NEP-CSE-2011-03-05 (Economics of Strategic Management)
- NEP-EDU-2011-03-05 (Education)
- NEP-ENT-2011-03-05 (Entrepreneurship)
- NEP-KNM-2011-03-05 (Knowledge Management & Knowledge Economy)
- NEP-SBM-2011-03-05 (Small Business Management)
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- Aurora A.C. Teixeira & Marlene Grande, 2013. "Determinants of the economic performance of Portuguese Academic Spin-offs: do Science & Technology infrastructures and support matter?," FEP Working Papers 502, Universidade do Porto, Faculdade de Economia do Porto.
- Einar Rasmussen & Paul Benneworth & Magnus Gulbrandsen, 2013. "Scoping paper: Developing University Innovation Capacity: How can innovation policy effectively harness universities’ capability to promote high-growth technology businesses?," Working Papers on Innovation Studies 20131007, Centre for Technology, Innovation and Culture, University of Oslo.
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