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Crowding in or crowding out : the link between academic entrepreneurship and entrepreneurial traits

Author

Listed:
  • Cornelia Kolb

    (JMU - Julius-Maximilians-Universität Würzburg)

  • Marcus Wagner

    (BETA - Bureau d'Économie Théorique et Appliquée - INRA - Institut National de la Recherche Agronomique - UNISTRA - Université de Strasbourg - UL - Université de Lorraine - CNRS - Centre National de la Recherche Scientifique, JMU - Julius-Maximilians-Universität Würzburg)

Abstract

The entrepreneurship literature has identified several entrepreneurial traits as being important to become a successful entrepreneur. Using the Five Factor personality model we analyze differences between two types of entrepreneurs: Individuals founding an enterprise out of university employment and graduates who are not employed at the university before starting a company. To analyze potential differences in personality between these two groups we use a unique data set of former students from a large German university. We show that entrepreneurs out of the university context possess lower levels of openness to experience as well as higher levels of agreeableness. Also, we provide evidence for the importance of the predominant type of knowledge upon which academic ventures are built. The findings confirm that entrepreneurs out of the university context overly focus on the scientific aspects of their start-up idea and thus may pursue it in a potentially suboptimal manner, but that this can be mitigated by dedicated support measures and structures within the university, for which we also provide specific examples.

Suggested Citation

  • Cornelia Kolb & Marcus Wagner, 2015. "Crowding in or crowding out : the link between academic entrepreneurship and entrepreneurial traits," Post-Print hal-01745652, HAL.
    • Handle: RePEc:hal:journl:hal-01745652
    DOI: 10.1007/s10961-014-9346-y
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    Cited by:

    1. Christopher S. Hayter & Andrew J. Nelson & Stephanie Zayed & Alan C. O’Connor, 2018. "Conceptualizing academic entrepreneurship ecosystems: a review, analysis and extension of the literature," The Journal of Technology Transfer, Springer, vol. 43(4), pages 1039-1082, August.
    2. Brunella Arru, 2020. "An integrative model for understanding the sustainable entrepreneurs’ behavioural intentions: an empirical study of the Italian context," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 22(4), pages 3519-3576, April.
    3. Mariluz Fernández-Alles & Dara Hernández-Roque & Mercedes Villanueva-Flores & Mirta Díaz-Fernández, 2022. "The impact of human, social, and psychological capital on academic spin-off internationalization," Journal of International Entrepreneurship, Springer, vol. 20(3), pages 433-473, September.
    4. Rosa Caiazza & Aileen Richardson & David Audretsch, 2015. "Knowledge effects on competitiveness: from firms to regional advantage," The Journal of Technology Transfer, Springer, vol. 40(6), pages 899-909, December.
    5. Francisco Javier Miranda & Antonio Chamorro & Sergio Rubio, 2018. "Re-thinking university spin-off: a critical literature review and a research agenda," The Journal of Technology Transfer, Springer, vol. 43(4), pages 1007-1038, August.
    6. Stefan Marc Hossinger & Xiangyu Chen & Arndt Werner, 2020. "Drivers, barriers and success factors of academic spin-offs: a systematic literature review," Management Review Quarterly, Springer, vol. 70(1), pages 97-134, February.
    7. Mait Rungi, 2019. "Whether It is I or We to Praise for Absorptive Capacity: Data from Estonian Medicine," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 10(4), pages 1536-1557, December.
    8. David B. Audretsch & Antje Fiedler, 2023. "Does the entrepreneurial state crowd out entrepreneurship?," Small Business Economics, Springer, vol. 60(2), pages 573-589, February.
    9. Cornelia Kolb & Marcus Wagner, 2018. "How university spin-offs differ in composition and interaction: a qualitative approach," The Journal of Technology Transfer, Springer, vol. 43(3), pages 734-759, June.

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    More about this item

    Keywords

    Academic entrepreneurship; Personality traits; Five Factor model; Technology transfer; Knowledge transfer;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand

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