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How innovative are spin-offs at later stages of development?
The literature argues that research spin-offs (RSOs)-enterprises originating from a university or research institute- appear to have higher innovative potential and capabilities than other start-ups, at least in the early stages of their development. Yet, little is known about the innovative perform...
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| Format: | Article |
| Language: | English |
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2014
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| Summary: | The literature argues that research spin-offs (RSOs)-enterprises originating from a university or research institute- appear to have higher innovative potential and capabilities than other start-ups, at least in the early stages of their development. Yet, little is known about the innovative performance of these companies at later development phases. Thus, the main goal of this study is to investigate whether there are any differences in research and development (R&D) and innovation behavior between established and/or mature RSOs and otherwise created firms and, if so, to what extent they are driven by networking and cooperation activities as suggested by some scholars. To this end, we employ probit regression analysis and a matching approach using survey data on more than 6,000 East German firms, among which are 179 RSOs. Our first findings suggest that established RSOs engage in R&D and innovation activities more frequently than companies whose genesis was of another type. Nevertheless, the results obtained when accounting for collaboration measures show that the precedence of RSOs in further development stages over otherwise created firms in terms of innovation outputs is... |
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| Physical Description: | 327 - 351 |