Entrepreneurial Origin, Technological Knowledge, and the Growth of Spin‐Off Companies

Journal of Management Studies - Tập 48 Số 6 - Trang 1420-1442 - 2011
Bart Clarysse1, Mike Wright2, Els Van de Velde1
1Imperial College London and Ghent University
2Nottingham University Business School and Ghent University

Tóm tắt

abstractWe contribute to the literature on corporate spin‐offs and university spin‐offs by exploring how different characteristics in the technological knowledge base at start‐up influence spin‐off performance. We investigate how the technological knowledge characteristics endowed at start‐up predict growth, taking into account whether the knowledge/technology is transferred from a corporation or university. We use a novel, hand‐collected dataset involving 48 corporate and 73 university spin‐offs, comprising the population of spin‐offs in Flanders during 1991–2002. We find corporate spin‐offs grow most if they start with a specific narrow‐focused technology sufficiently distinct from the technical knowledge base of the parent company and which is tacit. University spin‐offs benefit from a broad technology which is transferred to the spin‐off. Novelty of the technical knowledge does not play a role in corporate spin‐offs, but has a negative impact in university spin‐offs unless universities have an experienced technology transfer office to support the spin‐off.

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Journal of Management Studies

Tập 48 Số 6

1420-1442

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