Economics at your fingertips  

Institutional determinants of university spin-off quantity and quality: a longitudinal, multilevel, cross-country study

Riccardo Fini (), Kun Fu (), Marius Tuft Mathisen (), Einar Rasmussen () and Mike Wright
Additional contact information
Kun Fu: Loughborough University
Marius Tuft Mathisen: Norwegian University of Science and Technology
Einar Rasmussen: Nord University Business School

Small Business Economics, 2017, vol. 48, issue 2, No 8, 391 pages

Abstract: Abstract The creation of spin-off firms from universities is seen as an important mechanism for the commercialization of research, and hence the overall contribution from universities to technological development and economic growth. Governments and universities are seeking to develop framework conditions that are conductive to spin-off creation. The most prevalent of such initiatives are legislative changes at national level and the establishment of technology transfer offices at university level. The effectiveness of such initiatives is debated, but empirical evidence is limited. In this paper, we analyze the full population of universities in Italy, Norway, and the UK; three countries adopting differing approaches to framework conditions, to test whether national- and university-level initiatives have an influence on the number of spin-offs created and the quality of these spin-offs. Building on institutional theory and using multilevel analysis, we find that changes in the institutional framework conditions at both national and university levels are conductive to the creation of more spin-offs, but that the increase in quantity is at the expense of the quality of these firms. Hence, the effect of such top–down changes in framework conditions on the economic impact from universities seems to be more symbolic than substantive.

Keywords: Commercialization of research; Institutional framework; Technology transfer offices; University spin-offs; Venure capital; C12; L25; L26; O31; O32; O38 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (17) Track citations by RSS feed

Downloads: (external link) 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:

Ordering information: This journal article can be ordered from
http://www.springer. ... 29/journal/11187/PS2

DOI: 10.1007/s11187-016-9779-9

Access Statistics for this article

Small Business Economics is currently edited by Zoltan J. Acs and David B. Audretsch

More articles in Small Business Economics from Springer
Bibliographic data for series maintained by Sonal Shukla ().

Page updated 2020-09-23
Handle: RePEc:kap:sbusec:v:48:y:2017:i:2:d:10.1007_s11187-016-9779-9