Imprinting and the progeny of university spin-offs
| Autor: | Chaim Letwin, Yan Gong, Anthony Sadler, Anne S. Miner, Michael P. Ciuchta |
|---|---|
| Rok vydání: | 2016 |
| Předmět: |
Entrepreneurship
Spin offs 05 social sciences General Engineering Commercial law Equity (finance) Venture capital Human capital Focal firm Microeconomics Accounting 0502 economics and business Economics 050207 economics Business and International Management Marketing Imprinting (organizational theory) 050203 business & management |
| Zdroj: | The Journal of Technology Transfer. 41:1113-1134 |
| ISSN: | 1573-7047 0892-9912 |
| DOI: | 10.1007/s10961-015-9464-1 |
| Popis: | In this paper, we employ a genealogical imprinting approach to theorize that experiences incurred during the founding of a first-generation university spin-off will influence future spin-off activity from the focal firm. We propose that firms that secure equity investment during their founding process will have a higher likelihood of generating subsequent spin-offs, and that this impact is conditional on the human capital of the founding team. We test our hypotheses on a sample of 101 first generation university spin-offs around a large US research university and their subsequent progeny firms. This study develops a new understanding of multi-generational spin-off processes in a region. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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