1,721,044 research outputs found
The effect of parent university on firm growth: an analysis of the Spanish and Italian USOs
No full textPurpose: The purpose of this paper is to explore the hypothesis that the university context may partially determine the growth of university spin-offs (USOs), with a cross-national analysis and using an “interactionist” approach. Design/methodology/approach: Two samples of USOs, from Spain and Italy (531 and 952 firms, respectively), were examined over the 2005-2013 period. Multilevel modelling was applied to empirically test the hypotheses. Findings: The results confirmed that the university context is a critical and effective element for explaining USOs’ growth. The university context affected USOs’ growth only for the Spanish firms, while for the Italian spin-offs the evidence does not report a significant determining influence of the university context. This finding may be interpreted as the localization externalities, determined by the Spanish universities, have a more effective impact at firm level compared with those generated by the Italian universities. Research limitations/implications: The paper provides evidence that the university context has a significant role in supporting USOs’ growth in Spain, but not in Italy. This finding, together with the fact that the Italian USOs showed lower growth rates over the period of analysis, may suggest that greater involvement by the Italian parent universities is needed to foster USOs’ growth. The main point to be underlined to decision makers is that policies aimed at fostering USOs need the active involvement of the parent university in the whole growth process of the nascent firm, rather than just in the USO creation process. Originality/value: A multilevel approach provides both methodological and theoretical contributions to the study of USOs’ growth, which was adopted as an “interactionist” approach is recommended by literature. In addition, a cross-national approach allows for exploration of the actual effect of the university on the growth of USOs, taking into account international differences
The role of venture capitalist to enhance the growth of Spanish and Italian university spin-offs
No full textThe establishment of spin-offs to commercialise university knowledge/technology is a potential mechanism to promote economic and innovative development. Nevertheless, University Spin-Offs (USOs) are usually resource-constrained, especially in obtaining funding, limiting their growth. Venture Capital (VC) investors play an important role in the financing and the improvement of their managerial skills, which are critical for firm growth. This paper aims to explore both the effect of VC partners on the USOs’ growth and the cross-national differences in the role played by them. To study both issues, we empirically analysed 516 Spanish and 904 Italian USOs created by 50 Spanish and 57 Italian universities, respectively, and observed them between 2005 and 2013. The results showed different effects in the Spanish and Italian cases. While in Spain the presence of VC partners positively affects the USOs’ growth, in Italy there is not a significant effect. This evidence calls for systematic policies by public administrations and universities to foster USO growth
Economía de la educación. M.J. San Segundo. Madrid: Síntesis. 2001 [319 páginas]
Full text linkTexto dispoñible en galego e españo
Aspectos económicos de la educación. M. Salas Velasco. Granada: Grupo Editorial Universitario. 2001 [182 páginas]
Full text linkLa creación de empresas en el entorno universitario español y la determinación de su estructura financiera
Full text linkNueva economía y nueva sociedad. Andrés Santiago Suárez Suárez. Madrid: Prentice Hall. 2001 [191 páginas]
No full textNueva economía y nueva sociedad. Andrés Santiago Suárez Suárez. Madrid: Prentice Hall. 2001
No full textAnalysis of the survival determinants of university spin-offs in a cross-national sample
Full text linkUnderstanding the dynamics related to university survival is a critical point for scholars and policymakers, especially in the technology transfer process. Drawing on the population and organisational ecology perspectives and the resource-based view of the firm, this paper aims to investigate the survival determinants of university spin-offs (USOs). After applying event analysis techniques in a cross-national dataset of 1,275 Italian and Spanish USOs over the period 2005–2013, the findings show that firm size, firm age, industrial partners and firm efficiency positively influence the USOs’ survival, whereas patent activity decreases the USOs’ chances to survive. Additionally, a U-shaped relationship between financial leverage and the USOs’ survival emerges. Based on the emerging evidence, some policy and managerial implications are provided to help USOs to cross their ‘Valley of Death’
El rol de los parques científico-tecnológicos en el emprendimiento universitario: propuesta de un catálogo de indicadores de evaluación
No full textThis paper has developed a conceptual framework of the role of Science and Technology Park as accelerators of innovation and creation of business network in the universities. From the analysis of the Spanish model, we designed a
strategic map that lists the main features of the park with his growth. We had proposed a “triple helix of entrepreneurship”, identified agents with greater interest in choosing a specific park to locate the university spin-offs: entrepreneurs,
investors and universities. The analysis of the dynamics of growth of the Scientific-Technological Park has allowed us
to identify a set of indicators that assess the role of these infrastructures as support for university spin-offs, in countries
where scientific production indicators do not correspond with their actual ability to create organizations capable of
commercializing the results of these investigationsEste trabalho desenvolveu um quadro conceitual do papel dos Parque de Ciência e Tecnologia como aceleradores de inovação e criação de rede de negócios nas universidades. A partir da análise do modelo espanhol, foi elaborado um mapa
estratégico que lista as principais características do parque com o seu crescimento. Tambem se propom uma “tripla hélice
do empreendedorismo” onde se identificou os agentes com maior interesse na escolha um parque específico para localizar
o spin-offs universitários: empresários, investidores e universidades. A análise da dinâmica de crescimento do Parque
Científico-Tecnológico permitiu identificar um conjunto de indicadores que avaliam o papel destas infra-estruturas
de apoio para os spin-offs, em países onde os indicadores de produção científica não correspondem com a sua capacidade
real de criar organizações e de comercializar os resultados dessas investigações.En este trabajo se ha diseñado un marco conceptual del papel de los Parques Científico-Tecnológicos como aceleradores de la innovación y creación de tejido empresarial en las universidades.
A partir del análisis del modelo español, se ha diseñado un mapa estratégico que relaciona las
principales características de los Parques con su crecimiento, y se ha planteado una “triple hélice de
emprendimiento”, identificado los agentes con mayor grado de interés en la elección de un Parque
específico para ubicar las spin-offs universitarias; los emprendedores, los inversores y las universidades. El análisis de la dinámica de crecimiento de los Parques Científico-Tecnológicos nos ha
permitido identificar una serie de indicadores que evalúan el rol de estas infraestructuras como
apoyo a las spin-offs universitarias, en países en los que los indicadores de producción científica no
se corresponden con su capacidad real de crear organizaciones capaces de comercializar los resultados de estas investigaciones
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