Determinants of research-based spin-offs survival

Oscarina Conceição () and Ana Faria
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Oscarina Conceição: DINÂMIA-CET, University Institute of Lisbon, Lisbon, Portugal & Polytechnic Institute of Cavado and Ave

No 21/2014, NIPE Working Papers from NIPE - Universidade do Minho

Abstract: Existing literature has shown that research-based spin-offs firms usually exhibit lower death risks than other start-ups. However, few studies have focused on the survival determinants of these particular firms. From a unique self-collected database of the population of research-based spin-offs created in Portugal from 1995 up to 2007 we analyze if founding conditions, parent organization characteristics and location characteristics play a role on their survival. Our results show that start-up size, firm age, parent reputation and region characteristics are key determinants of research-based spin-offs survival, casting doubts on the role played by the incubation process and the social ties with the parent organization as advanced in previous studies.

Keywords: academic spin-offs; firm survival; duration analysis; group effects models (search for similar items in EconPapers)
JEL-codes: C41 D22 L25 O30 (search for similar items in EconPapers)
Date: 2014
New Economics Papers: this item is included in nep-bec, nep-ent and nep-sbm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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