University spillovers and new business location in high-technology sectors: Spanish evidence

Acosta, Manuel; Coronado, Daniel; Flores, Esther

doi:10.1007/s11187-009-9224-4

Cited by 67 publications

(33 citation statements)

References 47 publications

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“…Karnani (2013) has criticized an overemphasis on codified knowledge in the literature, which disregards tacit knowledge, particularly in the highly relevant sector of university spin-offs. In this domain, the creation of start-ups using knowledge provided by non-commercial institutions such as universities (Acosta et al, 2011; or research institutions (Cappelli et al, 2014) has been identified as an important source of knowledge spillover. As new employees, university graduates often transfer knowledge to spin-offs in the vicinity (Acosta et al, 2011).…”

Section: Literature Reviewmentioning

confidence: 99%

“…Knowledge spillovers have been operationalized using e.g. codified knowledge -which can be easily transferred in written form (Acosta et al, 2011;) -or tacit knowledge sources, incorporated in human capital (Klepper, 2007). In particular, the case of innovative knowledge disregarded by incumbent companies and research institutions yet turned into entrepreneurial opportunities by newly established competitors has been emphasized Audretsch and Keilbach, 2007).…”

Section: Introductionmentioning

confidence: 99%

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Asymmetric information as a barrier to knowledge spillovers in expert markets

Feser

Proeger

2016

Int Entrep Manag J

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Abstract: This paper investigates barriers to effective knowledge spillovers for markets in which the product can be characterized as a credence good, i.e. its complexity impedes the evaluation of quality by customers both ex-ante and ex-post. We focus on the German market for energy efficiency consultants, as an emerging and subsidized sector in which the service offered has strong credence good properties. Based upon in-depth interviews with stakeholders, we analyze the determinants and barriers to knowledge spillovers. We find that the incentive to foster spillovers to increase suppliers' knowledge is limited by the difficult commercialization of additional capabilities. The implementation of a public certification scheme has failed to increase the sectoral knowledge spillovers. By contrast, the participation in formal knowledge networks has been more effective in prompting companies to foster knowledge spillovers, which has also led to a higher degree of specialization. We conclude that access to certification schemes should be further restricted to increase market transparency and private networks should be supported to achieve the aim of increasing knowledge spillovers. Terms of use: Documents in

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Section: Literature Reviewmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Asymmetric information as a barrier to knowledge spillovers in expert markets

Feser

Proeger

2016

Int Entrep Manag J

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“…When there are greater levels of university-based knowledge spillovers, there are likely to be higher levels of new venture startups located around the university . The highly sophisticated, technological requirements of RM venturing indicate that new RM ventures are most likely to locate themselves around the university in order to capitalize on localized university knowledge spillovers (Acosta et al, 2011;. By being in close proximity to the university, RM ventures may benefit from smoother transmission of tacit knowledge (Kolympiris and Kalaitzandonakes, 2013).…”

Section: Knowledge Spillover and Creationmentioning

confidence: 99%

Regenerative Medicine Translation:Cross-national analysis of entrepreneurial ecosystem development

Johnson

Bock

2015

AMPROC

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In the field of regenerative medicine, new ventures face unformed markets and inconsistent industry practices. We study two university-centric regenerative medicine ecosystems to explore the characteristics of venturing activity and ecosystem development under irreducible uncertainty. The situational analysis reveals multi-level effects. At the micro-level, entrepreneurial coping strategies are significantly affected by cultural artifacts generated by the ecosystem university. At the macro-level, entrepreneurial ecosystems may develop along different paths, generating idiosyncratic contexts for venturing activity. A model of entrepreneurial ecosystem development is presented, with implications for theories of entrepreneurial behavior as well as policy practice in developing technology sectors.

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“…The flow of knowledge has important potential benefits for regions because of spillovers from university to industry affecting not only technology, but other relevant variables for the economic system (Jaffe, 1989;Jaffe et al, 1993;Anselin et al, 1997;Anselin et al, 2000;Verspagen and Schoenmakers, 2000;Maurseth and Verspagen, 2002;Acosta and Coronado, 2003;Agrawal and Cockburn, 2003;Fischer and Varga, 2003;Audretsch et al, 2005;Calderini and Scellato, 2005;Abramovsky et al, 2007;Acosta et al, 2011a). The proliferation of a consistent literature illustrating the importance of physical proximity for knowledge flows and for the promotion and development of innovation and new firm formation, along with the high degree of self-government enjoyed by many European regions, makes it clear that the study of university knowledge is relevant not only in national or supranational contexts, but also at the regional level.…”

Section: Theoretical and Empirical Backgroundmentioning

confidence: 99%

Regional Scientific Production and Specialization in Europe: The Role of HERD

Acosta

Coronado

Ferrándiz

et al. 2012

European Planning Studies

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This paper analyses the effects of R&D expenditure in the higher education sector (HERD) on the scientific production across regions in Europe 15. Our research questions relates to the regional production of science and the role of academic R&D expenditures on regional scientific output. The results show that money affects the production of scientific results in regions. On average, we found different impacts and lags of R&D expenditure according to the level of regional development. Our findings also suggest that scientific specialization is a significant factor affecting scientific outputs, although its effects differ across disciplines and regions.

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University spillovers and new business location in high-technology sectors: Spanish evidence

Abstract: University spillovers, Scientific knowledge, Technological knowledge, Business location, C29, L26, M13, O18, O33,

Cited by 67 publications

References 47 publications

Asymmetric information as a barrier to knowledge spillovers in expert markets

Asymmetric information as a barrier to knowledge spillovers in expert markets

Regenerative Medicine Translation:Cross-national analysis of entrepreneurial ecosystem development

Regional Scientific Production and Specialization in Europe: The Role of HERD

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