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Are academic spin-offs more socially responsible? The influence of origin on entrepreneurial behaviors

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  • Xu, Jing
  • Dai, Yijia

Abstract

Being continuity of public research, academic spin-offs may create value from a more public perspective, which sets them apart from other firms. To explore diverse values created by academic entrepreneurship, we integrate insights from institutional logics, imprinting, and identity orientation, and examine whether academic spin-offs perform higher social responsibilities compared to other industry firms. Drawing data from Chinese listed private firms from 2009 to 2020, we identify academic spin-offs in representative industries and present empirical evidence supporting their greater social responsibilities. This positive effect is particularly pronounced for academic ventures with academic founders in charge, with higher management payoffs, or under more media attention. Overall, our findings highlight the importance of adopting a broader perspective in evaluating academic entrepreneurial activities.

Suggested Citation

  • Xu, Jing & Dai, Yijia, 2024. "Are academic spin-offs more socially responsible? The influence of origin on entrepreneurial behaviors," Technological Forecasting and Social Change, Elsevier, vol. 200(C).
    • Handle: RePEc:eee:tefoso:v:200:y:2024:i:c:s0040162523007515
    DOI: 10.1016/j.techfore.2023.123066
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