Imprinting and the progeny of university spin-offs

被引:14
作者
Ciuchta, Michael P. [1 ]
Gong, Yan [2 ]
Miner, Anne S. [3 ]
Letwin, Chaim [4 ]
Sadler, Anthony [5 ]
机构
[1] Univ Massachusetts Lowell, Lowell, MA 10856 USA
[2] China Europe Int Business Sch, 699 Hongfeng Rd, Shanghai 201206, Peoples R China
[3] Univ Wisconsin, Wisconsin Sch Business, 975 Univ Ave, Madison, WI 53706 USA
[4] Suffolk Univ, 8 Ashburton Pl, Boston, MA 02108 USA
[5] Barry Univ, Andreas Sch Business, 11300 NE 2nd Ave, Miami Shores, FL 33161 USA
关键词
Entrepreneurship; University spin-offs; Imprinting; Venture capital; Regional development; TECHNOLOGY-BASED FIRMS; ACADEMIC ENTREPRENEURS; PERFORMANCE; GROWTH; SCIENTISTS; EVOLUTION; KNOWLEDGE; SUCCESS; FUTURE; SERIAL;
D O I
10.1007/s10961-015-9464-1
中图分类号
T [工业技术];
学科分类号
08 ;
摘要
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.
引用
收藏
页码:1113 / 1134
页数:22
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