University spinf-offs vs. other NTBFs : total factor productivity differences at outset and evolution
Ortín Ángel, Pedro 1968 (Universitat Autònoma de Barcelona. Departament d'Empresa)
Vendrell Herrero, Ferran (Instituto Vasco de Competitividad. Orkestra)

Data:	2014
Resum:	Previous empirical research suggests that university spin-offs under-perform in economic terms compared to other new technology-based firms (NTBFs) in their early years. The usual explanations suggest a lower capabilities endowment of university spin-offs compared to other NTBFs. Using a longitudinal Spanish dataset we compare the evolution of firms' total factor productivity (capabilities endowment) in both kinds of firm. Productivity grew faster in university spin-offs and their initial underperformance disappeared after two or three years of operation. The evidence therefore suggests that university spin-offs have lower initial substantive capabilities but greater dynamic capabilities than independent NTBFs. Possible explanations are discussed.
Drets:	Aquest material està protegit per drets d'autor i/o drets afins. Podeu utilitzar aquest material en funció del que permet la legislació de drets d'autor i drets afins d'aplicació al vostre cas. Per a d'altres usos heu d'obtenir permís del(s) titular(s) de drets.
Llengua:	Anglès
Document:	Article ; recerca ; Versió acceptada per publicar
Matèria:	University spin-offs ; Productivity ; Substantive capabilities ; Dynamic capabilities
Publicat a:	Technovation, Vol. 34 Núm. 2 (February 2014) , p. 101-112, ISSN 1879-2383

DOI: 10.1016/j.technovation.2013.09.006

Post-print 40 p, 562.2 KB

El registre apareix a les col·leccions:
Articles > Articles de recerca
Articles > Articles publicats