How human capital interacts with the early development of academic spin-offs

Cleyn, Sven H. De; Braet, Johan; Klofsten, Magnus

doi:10.1007/s11365-013-0294-z

Cited by 51 publications

(36 citation statements)

References 111 publications

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“…Another potential future research avenue could be taking the unit of analysis to the individual level, as human capital has been found to lead to accumulating entrepreneurial and managerial competencies (Kungwansupaphan and Siengthai 2012), as well as to overall venture success (Hormiga et al 2011;De Cleyn et al 2014). Examining the mindset of SME managers on the innovation-internationalization behavior activities among SMEs, as both global mindset and global orientation may affect the behavior related to internationalization (Felício et al 2013).…”

Section: Discussionmentioning

confidence: 99%

Service innovation and internationalization in SMEs: antecedents and profitability outcomes

2020

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Both innovating and internationalizing can hold the key to survival and growth among small-and medium-sized enterprises (SMEs). Service innovation in particular is highly relevant in the increasingly digitalized and high-technology global trade. However, there have been until now few studies on service innovation in international entrepreneurship. Thus, in an effort to illuminate its role in entrepreneurial internationalization, the present study examines the profitability impact of service innovation in SME internationalization, while also outlining the differing impacts of entrepreneurial orientation and human capital as the antecedents of both. The empirical data were collected via an online survey of Finnish SMEs in the information and communications technology (ICT) industrial sector, the final sample comprising 104 companies. The data were analyzed through structural equation modeling. The results indicate, first, that entrepreneurial orientation underlies both degree of internationalization and service innovation, yet different dimensions of entrepreneurial orientation have distinct impacts on the two outcomes. Second, we find that the level human capital also determines the level of service innovation in as an antecedent and third, international expansion, but not service innovation, has a negative impact on profitability. We discuss the implications of these results, which imply that SMEs may face an internationalizationinnovation paradox in that engaging in both activities may not be a feasible strategic option for them, and that prioritizing internationalizing in favor of innovating may incur costs and result in lower profitability.

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Section: Discussionmentioning

confidence: 99%

Service innovation and internationalization in SMEs: antecedents and profitability outcomes

2020

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“…Younger companies often lack technical or managerial competence in their teams (Bøllingtoft & Ulhøi, 2005), relying more on Science Park support to find professionals with specific skills, managers or CEOs (Zhu & Tann, 2005). Experienced entrepreneurs provide the skills needed to strengthen the academic spin-off team in its early stages of development (De Cleyn, Braet, & Klofsten, 2015). Understanding the nature of talent and selecting those appropriate for organizations has become critical to business survival.…”

Section: Literature Review and Hypothesesmentioning

confidence: 99%

Science Parks and talent attraction management: university students as a strategic resource for innovation and entrepreneurship

Löfsten

Klofsten

Cadorin

2020

European Planning Studies

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This paper aims to expand our understanding of talent attraction management in Science Parks with a specific interest in university students/alumni as a human and strategic resource. The underlying rationale is how the links with universities can be supported and how the Science Park management can contribute to successful relationships with universities and university students/alumni, in order to develop tenant firms and the park itself. A questionnaire was sent out in 2018-120 parks. This study includes 25 variables, and four significant regression models are presented. The main finding is that Science Park talent attraction activities act as a mediating variable, which affects the informal and formal partnerships between students and firms/universities as well as how the park management can contribute to successful relationships. By attracting students, tenant firms can have a positive impact on their performance as well as Science Park development.

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“…17 Other results related to the first transitions in the VC equation are rather similar to those exposed in Table 4. Looking at the GG bank loan equation, interesting results 16 The use of information gathered from professional social networks like LinkedIn in scientific studies has become common in the entrepreneurship literature (Gloor et al, 2011;Weber and Jung, 2015;De Cleyn et al, 2015;Ge et al, 2016;Giudici et al, 2018). 17 We check for potential multicollinearity concerns through Variance Inflation Factor (VIF) tests, considering both only founders' human capital variables and the whole explanatory variables.…”

Section: Human Capital Variablesmentioning

confidence: 99%

Entrepreneurship policy and the financing of young innovative companies: Evidence from the Italian Startup Act

2019

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While there is a general consensus that young innovative companies (YICs) need special attention by public policy which should aim at alleviating the financial constraints these firms commonly suffer, much less agreement has been reached on the most effective policy instruments reputed to accomplish the task. In this respect, if the scientific debate has very much revolved around the dilemma about the crowding-in or crowding-out effect of public R&D subsidies to firms, there is a dearth of scientific studies which analyse the effectiveness and potential interrelations of different policy instruments which at the same time and in the same institutional context are offered to YICs. By taking advantage of the Italian Startup Act issued in 2012, we analyse, for the first time, the possible existence of interrelationships between firm access to a Government-guaranteed (GG) bank loan program and fiscal incentives for venture capital (VC) equity investments. Results suggest two important facts. First, the two mechanisms appear to be functional to different typologies of YICs. Second, VC investments significantly reduce the probability to access GG bank loans. Overall, our analysis highlights a sort of "institutional division of labour" between the two measures and depicts what we label as a Task segmentation effect.

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How human capital interacts with the early development of academic spin-offs

Cited by 51 publications

References 111 publications

Service innovation and internationalization in SMEs: antecedents and profitability outcomes

Service innovation and internationalization in SMEs: antecedents and profitability outcomes

Science Parks and talent attraction management: university students as a strategic resource for innovation and entrepreneurship

Entrepreneurship policy and the financing of young innovative companies: Evidence from the Italian Startup Act

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