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How Innovative Are Spin-offs at Later Stages of Development?: Comparing Innovativeness of Established Research Spin-offs and Otherwise Created Firms

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  • Anna Lejpras

Abstract

The literature argues that research spin-offs (RSOs)-enterprises originating from a university or research institute-appear to have higher innovative potential and capabilities than other start-ups, at least in the early stages of their development. Yet, little is known about the innovative performance of these companies at later development phases. Thus, the main goal of this study is to investigate whether there are any differences in R&D and innovation behavior between established and/or mature RSOs and otherwise created firms and, if so, to what extent they are driven by networking and cooperation activities as suggested by some scholars. To this end, we employ probit regression analysis and a matching approach using survey data on more than 6,000 East German firms, among which are 179 RSOs. Our first findings suggest that established RSOs engage in R&D and innovation activities more frequently than companies whose genesis was of another type. Nevertheless, the results obtained when accounting for collaboration measures show that the precedence of RSOs in further development stages over otherwise created firms in terms of innovativeness is related to their higher intensity of cooperation activity and close, face-to-face interactions with universities, and not to type of firm creation. Moreover, our findings reveal that cooperating in various fields may be of different importance for specific inputs and outputs of the innovation activity. Finally, based on our results, we draw some implications both for practicing managers and public policymakers.

Suggested Citation

  • Anna Lejpras, 2012. "How Innovative Are Spin-offs at Later Stages of Development?: Comparing Innovativeness of Established Research Spin-offs and Otherwise Created Firms," Discussion Papers of DIW Berlin 1237, DIW Berlin, German Institute for Economic Research.
  • Handle: RePEc:diw:diwwpp:dp1237
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    Cited by:

    1. María Jesús Rodríguez-Gulías & David Rodeiro-Pazos & Sara Fernández-López, 2016. "The Regional Effect on the Innovative Performance of University Spin-Offs: a Multilevel Approach," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 7(4), pages 869-889, December.
    2. Helmut Fryges & Mike Wright, 2014. "The origin of spin-offs: a typology of corporate and academic spin-offs," Small Business Economics, Springer, vol. 43(2), pages 245-259, August.
    3. repec:spr:intemj:v:13:y:2017:i:3:d:10.1007_s11365-016-0431-6 is not listed on IDEAS
    4. 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.
    5. Nora Hesse & Rolf Sternberg, 2017. "Alternative growth patterns of university spin-offs: why so many remain small?," International Entrepreneurship and Management Journal, Springer, vol. 13(3), pages 953-984, September.
    6. María Jesús Rodríguez-Gulías & David Rodeiro-Pazos & Sara Fernández-López, 2017. "The effect of university and regional knowledge spillovers on firms’ performance: an analysis of the Spanish USOs," International Entrepreneurship and Management Journal, Springer, vol. 13(1), pages 191-209, March.

    More about this item

    Keywords

    Spin-Offs; R&D; innovation; cooperation;

    JEL classification:

    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • M20 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - General
    • L20 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - General

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