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The development, growth, and performance of university spin-offs: a critical review

Marius Tuft Mathisen () and Einar Rasmussen
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Marius Tuft Mathisen: Norwegian University of Science and Technology
Einar Rasmussen: Nord University Business School

The Journal of Technology Transfer, 2019, vol. 44, issue 6, No 11, 1938 pages

Abstract: Abstract The literature examining university spin-offs is expanding rapidly. While most studies have examined the antecedents of spin-off creation at universities, the impact of spin-offs commercializing university research cannot be properly assessed without considering how these firms develop, grow, and perform over time. This study provides a systematic review of a recent research stream addressing the development, growth, and performance of university spin-offs. By critically analyzing 105 research papers published since 2000, this paper makes two main contributions. First, we present a conceptual framework outlining the variety of outcomes used in the literature to assess the development, growth and performance of university spin-offs, as well as the determinants of these outcomes at different levels of analysis. Second, we critically assess gaps in the extant literature and discuss promising directions for future research. We conclude that the university spin-off phenomenon provides an excellent empirical context for conducting research that contributes to more general theoretical discussions related to entrepreneurship, innovation and management.

Keywords: Academic entrepreneurship; Academic spin-offs; Firm growth; Literature review; Research-based spin-offs; University entrepreneurship; University spin-offs; New venture growth; Venture performance (search for similar items in EconPapers)
JEL-codes: M13 L26 L25 O32 O33 (search for similar items in EconPapers)
Date: 2019
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DOI: 10.1007/s10961-018-09714-9

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