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What matters: The Formation of University Spin-offs in Europe

Jan Hunady (), Orviska Marta and Pisar Peter
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Pisar Peter: Faculty of Economics, Matej Bel University in Banska Bystrica, Slovakia

Business Systems Research, 2019, vol. 10, issue 1, 138-152

Abstract: Background: Transfer of knowledge from academia to business is one of the crucial issues for creating innovation. Creation of university spin-offs could significantly improve this transfer. Objectives: The main scientific aim is to examine the differences between universities in European countries and identify factors affecting the probability of creating the university spin-off. The paper is also focused on the differences in the specialization and financial sources of universities. Methods/Approach: We compare selected indicators for higher education institutions in European countries and examine potential determinants affecting the probability of academic spin-off formation. With respect to the main aim, the logit and probit regression analyses have been used. Results: Our results show that the creation of spin-offs is typical on the one hand for highly specialized universities or on the other hand for universities with a wide variety of study programs. They should also have an optimum number of doctoral students and have mostly less funding from tuition fees. Conclusions: Several indicators appear to play an important role in the formation of university spin-off. These indicators are the level of specialization, the share of tuition fees in the University budget, and the share of Ph.D. and foreign students.

Keywords: Universities; University Spin-off; Research; Innovation; Higher education; Europe (search for similar items in EconPapers)
Date: 2019
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DOI: 10.2478/bsrj-2019-0010

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