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Determinants of growth in research spin-offs: a resource-based perspective

Elisa Salvador, Cristina Marullo () and Andrea Piccaluga
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Andrea Piccaluga: SSSUP - Scuola Universitaria Superiore Sant'Anna [Pisa]

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Abstract: There are strong expectations towards research spin-offs, but insufficient empirical evidence still exists on the determinants of growth of such companies. The aim of this paper is to contribute to the debate on growth -or non-growth- of research spin-offs through a focus on Italy. A resource-based perspective is adopted for identifying the crucial determinants of competitive advantage of these companies, and an OLS regression analysis is performed to assess the impact of initial resources on growth in revenues and employees. Our analysis highlights unexpected results about the involvement of industrial partners, venture capitalists, size of IPRs' portfolio at founding and previous experience of the promoting partners.

Keywords: Academic entrepreneurship; research spin-offs; Technology transfer; Knowledge valorisation; Resource-based view (search for similar items in EconPapers)
Date: 2019
New Economics Papers: this item is included in nep-ent, nep-knm and nep-sbm
Note: View the original document on HAL open archive server: https://hal.archives-ouvertes.fr/hal-02336465
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Published in Recherches en sciences de gestion, ISEOR, 2019, 133

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