The goal and performance heterogeneity of academic spinoffs

Alice Civera, Alfredo De Massis, Michele Meoli and Silvio Vismara

Technovation, 2024, vol. 131, issue C

Abstract: We argue that the divergent motivations underlying their creation and goals can contribute to the varying performance of academic spinoffs. Through a quantitative study on a sample of 778 academic spinoffs established by 59 Italian state universities from 2006 to 2015, we show that academic spinoffs established (1) for extrinsic monetary motivations are more likely to generate higher profits, (2) for extrinsic reputational motivations are more likely to grow and (3) for intrinsic motivations are more likely to survive. These relationships are negatively moderated by the founding team's complexity. Based on our study, we aim to articulate new theoretical insights for understanding the goal-performance nexus in academic spinoffs, serving as a springboard for future research on academic entrepreneurship.

Keywords: Organizational goal; Performance; Success; Academic spinoff; Academic entrepreneurship (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0166497224000221
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:techno:v:131:y:2024:i:c:s0166497224000221

DOI: 10.1016/j.technovation.2024.102972

Access Statistics for this article

Technovation is currently edited by Jonathan Linton

More articles in Technovation from Elsevier
Bibliographic data for series maintained by Catherine Liu ().