Universities are key actors within the entrepreneurial ecosystems. A positive spillover of their knowledge creation and dissemination activity is the establishment of academic spinoffs. This study is one of the first to investigate the post-entry internationalization of academic spinoffs in terms of international sales. Adopting a conditional difference-in-differences approach, we matched a sample of 508 Italian academic spinoffs established between 1999 and 2014 with 404 comparable non-academic innovative start-ups. We find that university spinoffs are more prone to internationalize than their non-academic counterparts. This result is intrinsic to their affiliation with universities but is also related to the degree of internationalization of the parent university. A two-stage Heckman procedure confirms indeed that university internationalization translates into the internationalization of their spinoffs. This study contributes to different streams of literature, ranging from entrepreneurial ecosystems to academic entrepreneurship and internationalization literature due to the academic spinoffs’ nature of being a phenomenon at the confluence of several research fields.

(2019). Do academic spinoffs internationalize? [journal article - articolo]. In THE JOURNAL OF TECHNOLOGY TRANSFER. Retrieved from http://hdl.handle.net/10446/131803

Do academic spinoffs internationalize?

Civera, Alice;Meoli, Michele;Vismara, Silvio
2019-01-01

Abstract

Universities are key actors within the entrepreneurial ecosystems. A positive spillover of their knowledge creation and dissemination activity is the establishment of academic spinoffs. This study is one of the first to investigate the post-entry internationalization of academic spinoffs in terms of international sales. Adopting a conditional difference-in-differences approach, we matched a sample of 508 Italian academic spinoffs established between 1999 and 2014 with 404 comparable non-academic innovative start-ups. We find that university spinoffs are more prone to internationalize than their non-academic counterparts. This result is intrinsic to their affiliation with universities but is also related to the degree of internationalization of the parent university. A two-stage Heckman procedure confirms indeed that university internationalization translates into the internationalization of their spinoffs. This study contributes to different streams of literature, ranging from entrepreneurial ecosystems to academic entrepreneurship and internationalization literature due to the academic spinoffs’ nature of being a phenomenon at the confluence of several research fields.
articolo
2019
Civera, Alice; Meoli, Michele; Vismara, Silvio
(2019). Do academic spinoffs internationalize? [journal article - articolo]. In THE JOURNAL OF TECHNOLOGY TRANSFER. Retrieved from http://hdl.handle.net/10446/131803
File allegato/i alla scheda:
File Dimensione del file Formato  
Civera2019_Article_DoAcademicSpinoffsInternationa.pdf

Solo gestori di archivio

Versione: publisher's version - versione editoriale
Licenza: Licenza default Aisberg
Dimensione del file 820.42 kB
Formato Adobe PDF
820.42 kB Adobe PDF   Visualizza/Apri
Pubblicazioni consigliate

Aisberg ©2008 Servizi bibliotecari, Università degli studi di Bergamo | Terms of use/Condizioni di utilizzo

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/10446/131803
Citazioni
  • Scopus 34
  • ???jsp.display-item.citation.isi??? 26
social impact