Drivers of growth: the case of French academic spin-off

Veronique Bessière, Marie Gomez-Breysse, Karim Messeghem, Andry Ramaroson and Sylvie Sammut

International Journal of Entrepreneurship and Innovation Management, 2017, vol. 21, issue 4/5, 318-342

Abstract: Academic spin-offs (ASOs) have developed considerably in France since the 2000s. However, despite a strong increase in the number of new ventures, little is known about their ability to experience and sustain growth beyond the first five years. Based on a sample of 118 French ASOs from the same generation, this article analyses the factors that determine their growth during the development phase. These factors are derived from a resource-based view (RBV) and a dynamic capabilities approach (DCA). The results of our quantitative study show that four factors determine the growth of ASOs: entrepreneurial orientation (and broader cognitive resources), the acquisition of skills in the entrepreneurial process, the amount of public and private financing, technological capabilities and support programs.

Keywords: growth; academic spin-offs; resources and dynamic capabilities approach; acquisition of skills; entrepreneurial orientation; entrepreneurial support; financing; France. (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijeima:v:21:y:2017:i:4/5:p:318-342

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