Autori: Meoli, Michele, Civera, Alice
Titolo: Does university prestige foster the initial growth of academic spin-offs?
Periodico: Economia e politica industriale
Anno: 2018 - Volume: 45 - Fascicolo: 2 - Pagina iniziale: 111 - Pagina finale: 142

This paper provides empirical evidence on the role of prestigious academic institutions in fostering spin-off companies with high-growth potential. We argue that, on the one hand, prestigious universities are likely to provide crucial information, resources and contacts to affiliated firms, enhancing the performances of academic spin-offs. On the other hand, since university reputation is at stake, there is an incentive for prestigious institutions to scrutinize the quality of spin-offs before allowing them to hit the market. Using a sample of 508 spin-offs launched from 85 Italian universities in the period 1999–2015, we find that university prestige is correlated with the expected growth rate of spin-off at the time of their birth, either directly or by moderating the university orientation for teaching and outreach activity ("third mission").




SICI: 0391-2078(2018)45:2<111:DUPFTI>2.0.ZU;2-Z

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