Does university prestige foster the initial growth of academic spin-offs?

Alice Civera () and Michele Meoli
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Alice Civera: University of Bergamo
Michele Meoli: University of Bergamo

Economia e Politica Industriale: Journal of Industrial and Business Economics, 2018, vol. 45, issue 2, No 2, 142 pages

Abstract: Abstract This paper provides empirical evidence on the role of prestigious academic institutions in fostering spin-off companies with high-growth potential. We argue that, on the one hand, prestigious universities are likely to provide crucial information, resources and contacts to affiliated firms, enhancing the performances of academic spin-offs. On the other hand, since university reputation is at stake, there is an incentive for prestigious institutions to scrutinize the quality of spin-offs before allowing them to hit the market. Using a sample of 508 spin-offs launched from 85 Italian universities in the period 1999–2015, we find that university prestige is correlated with the expected growth rate of spin-off at the time of their birth, either directly or by moderating the university orientation for teaching and outreach activity (“third mission”).

Keywords: Academic entrepreneurship; Spin-offs; Growth; Prestige; University rankings (search for similar items in EconPapers)
JEL-codes: I23 M13 O32 (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (7)

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DOI: 10.1007/s40812-017-0072-y

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