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A Study of Academic Entrepreneurs Using Venture Capital Data

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  • Zhang, Junfu

    (Clark University)

Abstract

Academic entrepreneurship has become an increasingly important channel through which universities contribute to economic development. This paper studies academic entrepreneurs using a comprehensive venture capital database. I find that about two-thirds of the academic entrepreneurs locate their businesses in the same state as their universities. National academy membership and number of faculty awards, measures of a university’s research quality, are the most significant variables in explaining the number of academic entrepreneurs from a university. In contrast, the abundance of venture capital near the university has no significant effect on academic entrepreneurship.

Suggested Citation

  • Zhang, Junfu, 2007. "A Study of Academic Entrepreneurs Using Venture Capital Data," IZA Discussion Papers 2992, Institute of Labor Economics (IZA).
  • Handle: RePEc:iza:izadps:dp2992
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    Cited by:

    1. Junfu Zhang, 2011. "The advantage of experienced start-up founders in venture capital acquisition: evidence from serial entrepreneurs," Small Business Economics, Springer, vol. 36(2), pages 187-208, February.
    2. Andrew A. Toole & Dirk Czarnitzki, 2010. "Commercializing Science: Is There a University "Brain Drain" from Academic Entrepreneurship?," Management Science, INFORMS, vol. 56(9), pages 1599-1614, September.
    3. Junfu Zhang, 2008. "Why do some US universities generate more venture-backed academic entrepreneurs than others?," Venture Capital, Taylor & Francis Journals, vol. 11(2), pages 133-162, August.
    4. Inessa Love, 2020. "Entrepreneurial Access to Finance in the US," Working Papers 202004, University of Hawaii at Manoa, Department of Economics.

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    More about this item

    Keywords

    university spin-off; academic entrepreneur; venture capital;
    All these keywords.

    JEL classification:

    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups

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