Do parent organizations influence R&D decisions of academic spin‐offs?

Chen Zhao and Feng Feng

Managerial and Decision Economics, 2023, vol. 44, issue 1, 43-57

Abstract: Research on academic spin‐offs (ASOs) usually focused on their economic performance, but there was a lack of discussion on the decision‐making grounds of enterprise behaviors. This study analyzes the influence of parent organizations on R&D investment of ASOs through listed high‐tech enterprises in China. It is found that ASOs controlled by the parent organizations have a higher R&D investment. With the organizational imprinting theory and signaling theory, we attempt to attribute the R&D tendency to the higher financing efficiency and government subsidies. The conclusions provide a new inspiration and explanation the inherent logic of ASOs' active participation in innovation activities.

Date: 2023
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https://doi.org/10.1002/mde.3665

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Persistent link: https://EconPapers.repec.org/RePEc:wly:mgtdec:v:44:y:2023:i:1:p:43-57

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