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A procedural perspective on academic spin-off creation: The changing relevance of academic and commercial logics

Author

Listed:
  • Uwe Cantner

    (Friedrich Schiller University Jena, and University of Southern Denmark)

  • Philip Doerr

    (Friedrich Schiller University Jena)

  • Maximilian Goethner

    (Friedrich Schiller University Jena, and IZA - Institute of Labor Economics, and University of Twente)

  • Matthias Huegel

    (Friedrich Schiller University Jena)

  • Martin Kalthaus

    (Friedrich Schiller University Jena)

Abstract

We analyze the influence of two contradicting settings on the success in the academic spin-off creation process. Scientists, who are embedded in the academic setting, have to reach out and adapt to the logics of the commercial setting to successfully found their firm. However, along this process, many scientists fail because they cannot overcome the contradictions between these logics. We provide the first empirical evidence on the relevance of these two contradicting logics along the spin-off creation process. Based on a phase-based conceptualization of the spin-off process, we hypothesize a decreasing relevance of the academic setting and an increasing relevance of the commercial setting for successful transitions between the process phases. We test these relationships with a representative sample of German scientists using dominance analysis to determine the relative importance of the two settings. Our findings show a decreasing relative importance of the academic setting along the spin-off creation process, in line with our hypotheses. The relevance of the commercial setting initially increases before it decreases in the latest stage of the process, contrary to our hypothesis. Additionally, we find that the commercial setting is generally more important than the academic setting, especially in the beginning of the process. Our results provide a deepened understanding of the academic spin-off creation process and extend existing theories. Furthermore, they provides intervention points for policy along the spin-off creation process.

Suggested Citation

  • Uwe Cantner & Philip Doerr & Maximilian Goethner & Matthias Huegel & Martin Kalthaus, 2021. "A procedural perspective on academic spin-off creation: The changing relevance of academic and commercial logics," Jena Economic Research Papers 2021-020, Friedrich-Schiller-University Jena.
  • Handle: RePEc:jrp:jrpwrp:2021-020
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    References listed on IDEAS

    as
    1. Michele Meoli & Silvio Vismara, 2016. "University support and the creation of technology and non-technology academic spin-offs," Small Business Economics, Springer, vol. 47(2), pages 345-362, August.
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    3. Vincett, P.S., 2010. "The economic impacts of academic spin-off companies, and their implications for public policy," Research Policy, Elsevier, vol. 39(6), pages 736-747, July.
    4. Abreu, Maria & Grinevich, Vadim, 2013. "The nature of academic entrepreneurship in the UK: Widening the focus on entrepreneurial activities," Research Policy, Elsevier, vol. 42(2), pages 408-422.
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Academic Entrepreneurship; Transition Process; Phase Model; Dominance Analysis;
    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
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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