“…The study is not without limitation, as we proxy universities' governance structure with the board of directors and the KT performance outcome with the USOs establishment. Future research may broaden the spectrum of analysis to embrace other structures or measures of governance, or different aspects of technology transfer (such as patents and licenses) and of regional context, may analyze with a more fine-grained USOs, distinguishing between technological and service ones (Meoli et al, 2019), may focus on the USOs' growth and Universities' CG structure and KT outcomes development (Iazzolino et al, 2019;Fini et al, 2017), may analyze the impact of USOs on regional development (Agasisti et al, 2019), may focus on the university-level and regional level supporting systems effective for the USOs creation (Fini et al, 2011), may focus on the process and practices of strategizing in the board (Watson and Ireland, 2021), may focus on a lower university-level of analysis, that is, the university department or even the research group (Riviezzo et al, 2019), may focus on a second level of analysis, i.e. at USO level, to analyze whether the board composition of USOs affect their knowledge performance.…”