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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. Inessa Love, 2020. "Entrepreneurial Access to Finance in the US," Working Papers 202004, University of Hawaii at Manoa, Department of Economics.
    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. 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.

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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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