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University specialization and new firm creation across industries

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  • Andrea Bonaccorsi

    ()

  • Massimo Colombo

    ()

  • Massimiliano Guerini

    ()

  • Cristina Rossi-Lamastra

    ()

Abstract

This article examines how the scientific specialization of universities impacts new firm creation across industries at the local level. In accordance with the Pavitt-Miozzo-Soete taxonomy, we consider eight industry categories, which reflect the characteristics of firms’ innovation patterns and, ultimately, the knowledge inputs that firms require. Using data on new firm creation in Italian provinces (i.e., at the NUTS3 level), we estimate negative binomial regression models separately for each industry category to relate new firm creation to the scientific specialization in basic sciences, applied sciences and engineering, and social sciences and humanities of neighboring universities. We find that universities specialized in applied sciences and engineering have a broad positive effect on new firm creation in a given province, this effect being especially strong in service industries. Conversely, the positive effect of university specialization in basic sciences is confined to new firm creation in science-based manufacturing industries, even if this effect is of large magnitude. Universities specialized in social sciences and humanities have no effect on new firm creation at the local level whatever industry category is considered. Copyright Springer Science+Business Media New York 2013

Suggested Citation

  • Andrea Bonaccorsi & Massimo Colombo & Massimiliano Guerini & Cristina Rossi-Lamastra, 2013. "University specialization and new firm creation across industries," Small Business Economics, Springer, vol. 41(4), pages 837-863, December.
  • Handle: RePEc:kap:sbusec:v:41:y:2013:i:4:p:837-863
    DOI: 10.1007/s11187-013-9509-5
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    Cited by:

    1. Alessandra Colombelli & Jackie Krafft & Marco Vivarelli, 2016. "To be born is not enough: the key role of innovative start-ups," Small Business Economics, Springer, vol. 47(2), pages 277-291, August.
    2. Feser, Daniel & Proeger, Till, 2015. "Asymmetric information as a barrier to knowledge spillovers in expert markets," Center for European, Governance and Economic Development Research Discussion Papers 259, University of Goettingen, Department of Economics.
    3. Daniel Feser & Till Proeger, 2017. "Asymmetric information as a barrier to knowledge spillovers in expert markets," International Entrepreneurship and Management Journal, Springer, vol. 13(1), pages 211-232, March.
    4. David B. Audretsch & Erik E. Lehmann, 2016. "Industrial policy in Italy and Germany: yet another look," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 43(3), pages 291-304, September.
    5. David B. Audretsch & Erik E. Lehmann & Matthias Menter, 2016. "Public cluster policy and new venture creation," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 43(4), pages 357-381, December.
    6. Alessandra Colombelli, 2016. "The impact of local knowledge bases on the creation of innovative start-ups in Italy," Small Business Economics, Springer, vol. 47(2), pages 383-396, August.
    7. Colombelli, Alessandra & Krafft, Jackie & Vivarelli, Marco, 2016. "New Firms and Post-Entry Performance: The Role of Innovation," Department of Economics and Statistics Cognetti de Martiis LEI & BRICK - Laboratory of Economics of Innovation "Franco Momigliano", Bureau of Research in Innovation, Complexity and Knowledge, Collegio 201601, University of Turin.
    8. Mattia Cattaneo & Michele Meoli & Andrea Signori, 2016. "Performance-based funding and university research productivity: the moderating effect of university legitimacy," The Journal of Technology Transfer, Springer, vol. 41(1), pages 85-104, February.
    9. Muscio, Alessandro & Quaglione, Davide & Ramaciotti, Laura, 2016. "The effects of university rules on spinoff creation: The case of academia in Italy," Research Policy, Elsevier, vol. 45(7), pages 1386-1396.
    10. repec:eee:respol:v:47:y:2018:i:1:p:139-157 is not listed on IDEAS
    11. Niccolò Ghio & Massimiliano Guerini & Cristina Rossi-Lamastra, 2016. "University knowledge and the creation of innovative start-ups: an analysis of the Italian case," Small Business Economics, Springer, vol. 47(2), pages 293-311, August.
    12. repec:spr:anresc:v:59:y:2017:i:2:d:10.1007_s00168-017-0843-4 is not listed on IDEAS
    13. Alessandra Colombelli & Jackie Krafft & Marco Vivarelli, 2016. "Entrepreneurship and Innovation: New Entries, Survival, Growth," GREDEG Working Papers 2016-04, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), University of Nice Sophia Antipolis.
    14. Sandro Montresor & Francesco Quatraro, 2015. "Smart Specialization Strategies and Key Enabling Technologies. Regional evidence from European patent data," Papers in Evolutionary Economic Geography (PEEG) 1525, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Aug 2015.
    15. repec:bla:presci:v:96:y:2017:i::p:s1-s27 is not listed on IDEAS
    16. Erik E. Lehmann & Matthias Menter, 2016. "University–industry collaboration and regional wealth," The Journal of Technology Transfer, Springer, vol. 41(6), pages 1284-1307, December.
    17. repec:kap:jtecht:v:42:y:2017:i:3:d:10.1007_s10961-016-9508-1 is not listed on IDEAS
    18. Shinya Suzuki & Hiroyuki Okamuro, 2016. "Determinants of Academic Startups’ Orientation toward International Business Expansion," Administrative Sciences, MDPI, Open Access Journal, vol. 7(1), pages 1-20, December.
    19. Niccolò Ghio & Massimiliano Guerini & Erik Lehmann & Cristina Rossi-Lamastra, 2015. "The emergence of the knowledge spillover theory of entrepreneurship," Small Business Economics, Springer, vol. 44(1), pages 1-18, January.
    20. Maietta, Ornella Wanda, 2015. "Determinants of university–firm R&D collaboration and its impact on innovation: A perspective from a low-tech industry," Research Policy, Elsevier, vol. 44(7), pages 1341-1359.
    21. Qiantao Zhang & Niall G. MacKenzie & Dylan Jones-Evans & Robert Huggins, 2016. "Leveraging knowledge as a competitive asset? The intensity, performance and structure of universities’ entrepreneurial knowledge exchange activities at a regional level," Small Business Economics, Springer, vol. 47(3), pages 657-675, October.
    22. Maietta, Ornella Wanda, 2015. "Determinants of R&D University-Frim Collaboration and Its Impact on Innovation: a Perspective from the Italian Food and Drink Industry," 2015 Conference, August 9-14, 2015, Milan, Italy 225668, International Association of Agricultural Economists.

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