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Technology spin-offs: teamwork, autonomy, and the exploitation of business opportunities

Marco Corsino, Paola Giuri and Salvatore Torrisi ()
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Marco Corsino: University of Bologna
Paola Giuri: University of Bologna
Salvatore Torrisi: University of Milano-Bicocca

The Journal of Technology Transfer, 2019, vol. 44, issue 5, 1603-1637

Abstract: Abstract This study analyzes the antecedents of technology spin-off resulting from the exploitation of patented technology developed in established firms and then transferred to a new organization. We hypothesize and empirically examine how teamwork and autonomy, two key dimensions of the established organization’s inventive activity, correlate with spin-off formation. The results, based on a large-scale survey of inventors, show that (1) inventive activities organized as teamwork are less likely to engender the creation of a new firm and (2) granting strategic autonomy increases the likelihood of a spin-off whereas structural autonomy decreases the chances of a spin-off.

Keywords: Technology spinoff; Technology transfer; Entrepreneurship; Innovation process; Patents (search for similar items in EconPapers)
JEL-codes: M13 O34 (search for similar items in EconPapers)
Date: 2019
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