A Longitudinal Study of the Effects of Innovativeness on Academic Spin-offs Performance

Ferran Giones, Anders Billström, Einar Rasmussen, Adam Novotny

Publikation: Konferencebidrag uden forlag/tidsskriftKonferenceabstrakt til konferenceForskningpeer review

Resumé

Academic Spin-Offs are given the mission to bring to society science and technology innovations. Nevertheless, the relative weak financial performance of these firms has recently been a focus of discussion. Prior research has explored factors that might explain the performance diversity, including aspects related to the academic entrepreneur (e.g. human capital), organizational (e.g. team characteristics, board composition, network of partners) and institutional factors (e.g. university context, support mechanisms). An under studied potential source of heterogeneity is the diversity of technologies that these firms are based on. Research has established that academic spin-offs exhibit a wide range of technologies, that novel technologies lead to the creation of new firms and that these firms are more innovative compared to their corporate counterparts. However, there is limited knowledge testing the relationship between innovativeness and firm performance. This study tests the relationship between innovativeness across different industries and future firm performance. This paper uses several market performance indicators to observe the variety of firm sales of academic spin-offs. A longitudinal sample, between 2000 and 2012, of 125 academic spin-offs of Norway provides valuable insights on how the origin of the technology impact differences in market performance. The results show how specific elements related to the ASOs’ product innovativeness contribute to its market performance. The findings provide insights for policy makers and university managers interested in understanding the effects of their policy choices on the underlying technological nature of academic spin-offs.
OriginalsprogEngelsk
Publikationsdato5. jun. 2017
StatusUdgivet - 5. jun. 2017
BegivenhedUniversity-Industry Collaborations and Academic Entrepreneurship: East Meets West - Bologna Business School, Bologna, Italien
Varighed: 4. jun. 20176. jun. 2017
https://events.unibo.it/workshop-uic-east-west-bologna

Workshop

WorkshopUniversity-Industry Collaborations and Academic Entrepreneurship: East Meets West
LokationBologna Business School
LandItalien
ByBologna
Periode04/06/201706/06/2017
Internetadresse

Fingeraftryk

Innovativeness
Longitudinal study
Academic spin-offs
Market performance
Firm performance
Entrepreneurs
Industry
New firms
Financial performance
Technology innovation
Testing
Managers
Board composition
Human capital
Policy choice
Performance indicators
Institutional factors
Product innovativeness
Factors
Politicians

Citer dette

Giones, F., Billström, A., Rasmussen, E., & Novotny, A. (2017). A Longitudinal Study of the Effects of Innovativeness on Academic Spin-offs Performance. Abstract fra University-Industry Collaborations and Academic Entrepreneurship: East Meets West, Bologna, Italien.
Giones, Ferran ; Billström, Anders ; Rasmussen, Einar ; Novotny, Adam. / A Longitudinal Study of the Effects of Innovativeness on Academic Spin-offs Performance. Abstract fra University-Industry Collaborations and Academic Entrepreneurship: East Meets West, Bologna, Italien.
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Giones, F, Billström, A, Rasmussen, E & Novotny, A 2017, 'A Longitudinal Study of the Effects of Innovativeness on Academic Spin-offs Performance' University-Industry Collaborations and Academic Entrepreneurship: East Meets West, Bologna, Italien, 04/06/2017 - 06/06/2017, .

A Longitudinal Study of the Effects of Innovativeness on Academic Spin-offs Performance. / Giones, Ferran; Billström, Anders; Rasmussen, Einar; Novotny, Adam.

2017. Abstract fra University-Industry Collaborations and Academic Entrepreneurship: East Meets West, Bologna, Italien.

Publikation: Konferencebidrag uden forlag/tidsskriftKonferenceabstrakt til konferenceForskningpeer review

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AU - Billström, Anders

AU - Rasmussen, Einar

AU - Novotny, Adam

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PY - 2017/6/5

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N2 - Academic Spin-Offs are given the mission to bring to society science and technology innovations. Nevertheless, the relative weak financial performance of these firms has recently been a focus of discussion. Prior research has explored factors that might explain the performance diversity, including aspects related to the academic entrepreneur (e.g. human capital), organizational (e.g. team characteristics, board composition, network of partners) and institutional factors (e.g. university context, support mechanisms). An under studied potential source of heterogeneity is the diversity of technologies that these firms are based on. Research has established that academic spin-offs exhibit a wide range of technologies, that novel technologies lead to the creation of new firms and that these firms are more innovative compared to their corporate counterparts. However, there is limited knowledge testing the relationship between innovativeness and firm performance. This study tests the relationship between innovativeness across different industries and future firm performance. This paper uses several market performance indicators to observe the variety of firm sales of academic spin-offs. A longitudinal sample, between 2000 and 2012, of 125 academic spin-offs of Norway provides valuable insights on how the origin of the technology impact differences in market performance. The results show how specific elements related to the ASOs’ product innovativeness contribute to its market performance. The findings provide insights for policy makers and university managers interested in understanding the effects of their policy choices on the underlying technological nature of academic spin-offs.

AB - Academic Spin-Offs are given the mission to bring to society science and technology innovations. Nevertheless, the relative weak financial performance of these firms has recently been a focus of discussion. Prior research has explored factors that might explain the performance diversity, including aspects related to the academic entrepreneur (e.g. human capital), organizational (e.g. team characteristics, board composition, network of partners) and institutional factors (e.g. university context, support mechanisms). An under studied potential source of heterogeneity is the diversity of technologies that these firms are based on. Research has established that academic spin-offs exhibit a wide range of technologies, that novel technologies lead to the creation of new firms and that these firms are more innovative compared to their corporate counterparts. However, there is limited knowledge testing the relationship between innovativeness and firm performance. This study tests the relationship between innovativeness across different industries and future firm performance. This paper uses several market performance indicators to observe the variety of firm sales of academic spin-offs. A longitudinal sample, between 2000 and 2012, of 125 academic spin-offs of Norway provides valuable insights on how the origin of the technology impact differences in market performance. The results show how specific elements related to the ASOs’ product innovativeness contribute to its market performance. The findings provide insights for policy makers and university managers interested in understanding the effects of their policy choices on the underlying technological nature of academic spin-offs.

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Giones F, Billström A, Rasmussen E, Novotny A. A Longitudinal Study of the Effects of Innovativeness on Academic Spin-offs Performance. 2017. Abstract fra University-Industry Collaborations and Academic Entrepreneurship: East Meets West, Bologna, Italien.