R%D activity of university spin-offs: comparative analysis through the measurement of their economic impact

Patricia P. Iglesias Sánchez and M. Carmen Jambrino Maldonado

International Journal of Innovation and Learning, 2015, vol. 18, issue 1, 45-64

Abstract: University spin-offs have become one of the main mechanisms for transferring technology from universities, so this paper measures the economic impact of their R%D activity. An indicator system was proposed, based on the recommendations of the OECD, which was validated using a factor analysis. The empirical study was performed with a sample of spin-offs from public universities and comparisons were made with the companies included in the R%D survey carried out by the Spanish National Statistics Institute (INE). The results showed that research and development activities and their results are making university spin-offs a more strategic tool than other types of companies.

Keywords: university spin-offs; entrepreneurship; technology transfer; knowledge transfer; innovation policy; R%D activity; research and development; technology-based firms; TBFs; competitiveness; indicators; industry-science relationship; economic impact; Spain. (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijilea:v:18:y:2015:i:1:p:45-64

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