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University Knowledge Spillovers and Innovative Startup Firms

In: Productivity and Efficiency Analysis

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  • Leonard Sabetti

    (George Mason University)

Abstract

In this paper, we investigate the role of university knowledge spillovers in fostering innovative startup firms, measured by R&D intensity, an important predictor of firm innovation and productivity. We use annual data from the Kauffman Firm Survey of a representative cohort of U.S. startups over the period 2004–2011. Controlling for individual-firm characteristics and local factors, we test the effects of regional variation in R&D intensity of the higher-education sector on startup firms’ R&D expenditure decisions. We find strong effects on both extensive and intensive margins of firm R&D expenditures. Our results shed light on the role of entrepreneurs and new firm formation as a mechanism for innovation and universities as an important source of knowledge and technology transfer.

Suggested Citation

  • Leonard Sabetti, 2016. "University Knowledge Spillovers and Innovative Startup Firms," Springer Proceedings in Business and Economics, in: William H. Greene & Lynda Khalaf & Robin Sickles & Michael Veall & Marcel-Cristian Voia (ed.), Productivity and Efficiency Analysis, edition 1, chapter 0, pages 203-209, Springer.
    • Handle: RePEc:spr:prbchp:978-3-319-23228-7_12
    DOI: 10.1007/978-3-319-23228-7_12
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