Determinants and Consequences of University Spin-off Activity: A Conceptual Framework

O’Shea, Rory P.

doi:10.4337/9781847205551.00017

Cited by 18 publications

(23 citation statements)

References 0 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Henceforth, university-based firms are defined as companies that were either developed by faculty members based on their own research or created specifically to capitalize on academic research. 2 This definition is in keeping with the literature (Colombo, Mustar, & Wright, 2010;Lockett et al, 2005;O'Shea et al, 2008;Rothaermel et al, 2007;Shane, 2004;Shane & Stuart, 2002). On a deeper level, the academic founders may or may not be still actively involved in managing the firm at the time of the IPO.…”

Section: Treatment and Control Samplementioning

confidence: 96%

Valuing University–Based Firms: The Effects of Academic Affiliation on IPO Performance

Bonardo

Paleari

Vismara

2011

Entrepreneurship Theory and Practice

143

100

View full text Add to dashboard Cite

This paper investigates for the first time the valuation of university-based companies and their ability to translate the potential benefits of academic affiliation into long-term performance gains. It contributes to the literature on technology transfer by expanding the view from the product market to the financial market. Among the 499 high-tech SMEs that went public on the stock markets of Germany, the U.K., France, and Italy between 1995 and 2003, we find that 131 were university-based firms. For firms who publicize the fact that they are university based and have chosen to go public, the affiliation with a university is recognized as beneficial by investors. Our econometric models show that affiliation with a university enhances valuation, in particular when academics are present in the Top Management Team at the time of the initial public offering. However, over the long run, university-based companies exhibit worse operating performance than independent firms.

show abstract

Section: Treatment and Control Samplementioning

confidence: 96%

Valuing University–Based Firms: The Effects of Academic Affiliation on IPO Performance

Bonardo

Paleari

Vismara

2011

Entrepreneurship Theory and Practice

143

100

View full text Add to dashboard Cite

show abstract

“…The college has a culture that supports commercialization activities will have a higher level of commercialization and a higher level of activity as well as to university spin-offs 37 . Instead, the university culture which does not encourage commercialization activities will have less activity spin-offs.…”

Section: Model By Considering the Components Of Uso Establishmentsmentioning

confidence: 99%

Model to Measure University's Readiness for Establishing Spin-Offs: Comparison Study

Sutopo

Astuti

Yuniaristanto

et al. 2015

IAENG Transactions on Engineering Sciences

View full text Add to dashboard Cite

Spin-off is a company that exploits a university or research, intellectual property that is characterized by the maturity of a technology. University Spin-Offs (USO) is an enterprise of which the business activity is founded on a technological development or innovative concept developed at the university. The study aims to develop a framework to measure the readiness of the university spin-offs and analyzing to know the actual conditions and the ideal, and supposed to be establish the university spin-offs. Variables that used in this research are inventor, technology transfer office and the university. The results of this paper are a model used to measure university readiness for establishing spin-offs considered by the optimal time that is used to launch a spin-off company, components of university spin-offs establishment. IAENG Transactions on Engineering Sciences Downloaded from www.worldscientific.com by UNIVERSITY OF BIRMINGHAM on 08/27/15. For personal use only. 174

show abstract

“…Towards this end, universities receive support in the form of research grants and support programmes. In the UK, for example, Higher Education Funding Council of England (HEFCE) allocates substantial funding for research based on the quality and cost of the research.As is evident from above, universities are expected to work collaboratively within the wider society (Carnoy, ) and use innovative research to start up new ventures and generate employment (Laukkanen, ), thereby contributing to overall economic development (Laukkanen, ; Wu, ). Organisational Culture: The changes mentioned above are implemented under the shadow of an entrepreneurial culture (Jacob, Lundqvist, & Hellsmark, ; Sporn, ) involving significant change in the management styles at universities (Dill & Sporn, ; Grigg, ; O'Shea et al , ). Closer integration of the independent units (Clark, ; Dill & Sporn, ), goal alignment of both administrators and faculty members (Kotter & Heskett, ), customer orientation (Marginson, ; Ritzer, ) and leadership which endeavours, through continuous encouragement of individuals to try new ventures and create informal networks (Kotter & Heskett, ), spread learning of entrepreneurial initiatives across the organisation.…”

Section: Roadmap Adopted By Entrepreneurial Universitiesmentioning

confidence: 99%

Building entrepreneurial universities in a specific culture—barriers and opportunities

Bhayani

2015

J of Philanthropy and Mktg

View full text Add to dashboard Cite

Q1• Globally universities are facing an increasingly dynamic environment, and many have responded through becoming more entrepreneurial. European and US universities have adopted new governance structures, diversified their funding, changed their organisational structures and adopted an entrepreneurial culture to drive more innovative behaviour. Using multiple case studies, based on semi-structured interviews, the barriers and opportunities for entrepreneurialism in five UAE universities are identified. UAE universities possess inherent qualities necessary for entrepreneurialism, including steerage, concern for economic surplus plus their performance driven environment allows quick response to the dynamic external environment; however, there are certain areas that require further development such as developing a culture of innovation, incentivising Universities to take risks as well as gaining appropriate support from the State. Based on the results of this work a change agenda has been chartered to further support and develop entrepreneurial universities in the Middle Eastern environment.

show abstract

Determinants and Consequences of University Spin-off Activity: A Conceptual Framework

Cited by 18 publications

References 0 publications

Valuing University–Based Firms: The Effects of Academic Affiliation on IPO Performance

Valuing University–Based Firms: The Effects of Academic Affiliation on IPO Performance

Model to Measure University's Readiness for Establishing Spin-Offs: Comparison Study

Building entrepreneurial universities in a specific culture—barriers and opportunities

Contact Info

Product

Resources

About