Financial performance studies of university spin-off companies (USOs) in the West Midlands

Peter Jelfs () and Helen Lawton Smith
Additional contact information
Peter Jelfs: Birkbeck, University of London

The Journal of Technology Transfer, 2021, vol. 46, issue 6, No 10, 1949-1972

Abstract: Abstract Doubts remain over the true impact of university spin-offs (USOs), particularly those created outside elite research universities. This paper examines the financial performance of USOs from a single UK post-industrial region, the West Midlands within the framework of signalling theory. It adds to the existing literature on USO performance at company level, a currently under-represented topic, despite the attention and funding devoted to USOs by UK policymakers. By considering a single region, it brings new insight into the regional context of USOs. Key results of the study are a correlation between research strength of a university and ability of its USOs to attract external finance, but a lack of successful exits across the whole region.

Keywords: University spin-offs; Financial performance; Survival; Regional development; Signalling theory; UK (search for similar items in EconPapers)
JEL-codes: O18 O31 O32 O33 O34 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://link.springer.com/10.1007/s10961-020-09835-0 Abstract (text/html)
Access to full text is restricted to subscribers.

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:kap:jtecht:v:46:y:2021:i:6:d:10.1007_s10961-020-09835-0

Ordering information: This journal article can be ordered from
http://www.springer. ... nt/journal/10961/PS2

DOI: 10.1007/s10961-020-09835-0

Access Statistics for this article

The Journal of Technology Transfer is currently edited by Albert N. Link, Donald S. Siegel, Barry Bozeman and Simon Mosey

More articles in The Journal of Technology Transfer from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().