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Growth determinants in entrepreneurship: A longitudinal study of Spanish technology-based university spin-offs

Content Provider	Springer Nature Link
Author	Rodríguez Gulías, María Jesús Fernández López, Sara Rodeiro Pazos, David
Copyright Year	2016
Abstract	The study explores whether the university origin of a technology-based firm conditions its growth in terms of both sales and employment. The small firm size of a significant percentage of technology-based university spin-offs (T-USOs) puts into question the policies geared towards promoting university entrepreneurship. A sample of 340 Spanish technology-based firms (219 T-USOs and 121 T-non-USOs) was constructed by using the non-parametric technique of propensity score matching and the data refer to the period 2001–2010. Applying panel data methodology, we find that the T-USOs outperform the T-non-USOs. Therefore, the need for support of university-based entrepreneurship by governments and by the universities is justified, because in this way, they are promoting economic growth and social development. By launching T-USOs, universities not only contribute to the economic growth but also to the internationalisation of the economy, as T-USOs show a more international orientation. In addition, the results lead us to emphasise the need to customise university policies aimed at promoting the growth of T-USOs. Given that the study is focused on a ‘moderate innovator’ country, the conclusions and proposals of this paper may be extrapolated to other countries with similar innovation and entrepreneurial ecosystems, namely the Mediterranean and Latin American countries.Este trabajo analiza si el origen de un universitario de una empresa de base tecnológica condiciona su crecimiento tanto en términos de ventas como de empleo. El reducido tamaño de un porcentaje significativo de spin-offs universitarias de base tecnológica (T-USOs) pone en tela de juicio las políticas orientadas a la creación de empresas dentro de las universidades. Una muestra de 340 empresas de base tecnológica (219 T-USOs y 121 T-no-USOS) fue elaborada usando la técnica propensity score matching para el período 2001–2010. Empleando como metodología datos de panel, nos encontramos que los T-USOs superan en nivel crecimiento a las T-no-USOs. Por tanto, se ha justificado en cierta medida la necesidad de apoyar el emprendimiento universitario. Además, mediante la promoción y creación de T- USOs, las universidades no sólo contribuyen al crecimiento económico, sino también a la internacionalización de la economía, debido que este tipo de empresas poseen una mayor orientación internacional. Además, los resultados obtenidos nos llevan a hacer hincapié en la necesidad de personalizar las políticas universitarias dirigidas a promover el crecimiento de T-USOs. Dado que este trabajo está enfocado en un país ligeramente innovador las conclusiones y políticas recomendadas en nuestro trabajo se pueden extrapolar a países que estén en una etapa similar en las actividades de creación de T-USOs, en particular los países del Mediterráneo y Latinoamérica.
Starting Page	323
Ending Page	344
Page Count	22
File Format	PDF
ISSN	15707385
Journal	Journal of International Entrepreneurship
Volume Number	14
Issue Number	3
e-ISSN	15737349
Language	English
Publisher	Springer US
Publisher Date	2016-07-14
Publisher Place	New York
Access Restriction	One Nation One Subscription (ONOS)
Subject Keyword	Technology-based firms University spin-offs Sales growth Employment growth Propensity score matching Panel data Academic entrepreneurship International entrepreneurship Entrepreneurship Microeconomics International Economics Management
Content Type	Text
Resource Type	Article
Subject	Business, Management and Accounting

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1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
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9	IDR Setup or Support	Queries related to establishment and support of Institutional Digital Repository (IDR) and IDR workshops	idr@ndl.gov.in

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