The stickiness of university spin-offs: a study of formal and informal spin-offs and their location from 124 US academic institutions Online publication date: Wed, 29-Apr-2015
by Gil Avnimelech; Maryann P. Feldman
International Journal of Technology Management (IJTM), Vol. 68, No. 1/2, 2015
Abstract: This paper examines the cross-university variation in spin-off activity by faculty members from 124 US academic institutions, using a unique database including data on founders of both formal and informal spin-offs. Accordingly, the rate of spawning founders is positively affected by the quality of the institution and its departments, the R&D expenditure of the institution, and the strength of the local cluster. In addition, we find that institutions with higher licence revenues also have more spin-offs. In contrast to the traditional literature, we present evidence that both informal and non-local spin-offs are common and significant phenomena. Moreover, we find that the local cluster size and the university quality both increase the probability of spin-offs. However, when the relative quality of the institution is higher than the relative quality of the cluster, the probability of local academic spin-offs decreases.
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Technology Management (IJTM):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.
If you still need assistance, please email subs@inderscience.com
Our Blog 
Follow us on Twitter 
Visit us on Facebook