This paper provides empirical evidence on the role of prestigious academic institutions in fostering spin-off companies with high-growth potential. We argue that, on the one hand, prestigious universities are likely to provide crucial information, resources and contacts to affiliated firms, enhancing the performances of academic spin-offs. On the other hand, since university reputation is at stake, there is an incentive for prestigious institutions to scrutinize the quality of spin-offs before allowing them to hit the market. Using a sample of 508 spin-offs launched from 85 Italian universities in the period 1999–2015, we find that university prestige is correlated with the expected growth rate of spin-off at the time of their birth, either directly or by moderating the university orientation for teaching and outreach activity (“third mission”).
(2018). Does university prestige foster the initial growth of academic spin-offs? [journal article - articolo]. In ECONOMIA E POLITICA INDUSTRIALE. Retrieved from http://hdl.handle.net/10446/119116
Does university prestige foster the initial growth of academic spin-offs?
Civera, Alice;Meoli, Michele
2018-01-01
Abstract
This paper provides empirical evidence on the role of prestigious academic institutions in fostering spin-off companies with high-growth potential. We argue that, on the one hand, prestigious universities are likely to provide crucial information, resources and contacts to affiliated firms, enhancing the performances of academic spin-offs. On the other hand, since university reputation is at stake, there is an incentive for prestigious institutions to scrutinize the quality of spin-offs before allowing them to hit the market. Using a sample of 508 spin-offs launched from 85 Italian universities in the period 1999–2015, we find that university prestige is correlated with the expected growth rate of spin-off at the time of their birth, either directly or by moderating the university orientation for teaching and outreach activity (“third mission”).File | Dimensione del file | Formato | |
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