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The effect of entrepreneurial origin on firms’ performance - The case of Portuguese academic spinoffs

Author

Listed:
  • Natália Barbosa

    (School of Economics and Management, University of Minho)

  • Ana Paula Faria

    (School of Economics and Management, University of Minho)

Abstract

We investigate the role of different entrepreneurial origin on firms’ performance by comparing academic spinoff firms with their non-academic counterparts and using alternative growth measures. Estimates based upon dynamic panel-data models reveal that academic spinoffs grow through resources accumulation and internationalization. However, comparatively to non- academic counterparts, they fail to translate these advantages into productivity gains. Also, despite younger academic spinoff outperform, in terms of sales growth, firms from different entrepreneurial origin, they fail to retain these scale effects, as they grow older. Portuguese academic spinoffs are contributing to economic development by creating new jobs, yet their relevance as a source of sustained economic value is limited so far. Policy implications are discussed in light of these findings.

Suggested Citation

  • Natália Barbosa & Ana Paula Faria, 2018. "The effect of entrepreneurial origin on firms’ performance - The case of Portuguese academic spinoffs," GEE Papers 0095, Gabinete de Estratégia e Estudos, Ministério da Economia, revised Feb 2018.
    • Handle: RePEc:mde:wpaper:0095
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    File URL: https://www.gee.gov.pt//RePEc/WorkingPapers/GEE_PAPERS_95.pdf
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    Cited by:

    1. Desislava Yordanova & José António Filipe & Manuel Pacheco Coelho, 2020. "Technopreneurial Intentions among Bulgarian STEM Students: The Role of University," Sustainability, MDPI, vol. 12(16), pages 1-19, August.
    2. Prokop, Daniel, 2021. "University entrepreneurial ecosystems and spinoff companies: Configurations, developments and outcomes," Technovation, Elsevier, vol. 107(C).

    More about this item

    Keywords

    Academic Spinoff; firm growth; dynamic estimators;
    All these keywords.

    JEL classification:

    • L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • H32 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Firm

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