This study aims to find out how academic workers’ characteristics are associated with their ownership in firms. It is based on quantitative data for the whole population of academic staff from Estonian public universities. Variables portraying age, academic field, professorship, number of publications and research grants are applied in analysing academic workers having ownership in firms. The results indicate that being a professor, having Science as the primary academic field, and a larger number of publications increase the likelihood of academic ownership while a larger number of grants decreases it. The age of academic worker is not a significant determinant of the likelihood of academic ownership.

This study aimed to find out how academic assets are interconnected with firm creation by academic staff at different academic life-cycle stages. The applied theoretical setting integrated resource-based and life-cycle explanations of academic entrepreneurship. A longitudinal whole population dataset of Estonian academic workers was applied, with a dependent variable reflecting firm creation, and independent variables representing different academic assets. The logistic regression results indicated the varying importance of different academic assets at different academic career stages, while divergence also exists with respect to academic discipline. The results enable postulating several theoretical propositions, accompanied by practical implications for technology transfer at universities.

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