Analysis of the survival determinants of university spin-offs in a cross-national sample Online publication date: Mon, 14-Mar-2022
by David Rodeiro-Pazos; Sara Fernández-López; María Jesús Rodríguez-Gulías; Christian Corsi; Antonio Prencipe
International Journal of Technology Management (IJTM), Vol. 88, No. 1, 2022
Abstract: Understanding the dynamics related to university survival is a critical point for scholars and policymakers, especially in the technology transfer process. Drawing on the population and organisational ecology perspectives and the resource-based view of the firm, this paper aims to investigate the survival determinants of university spin-offs (USOs). After applying event analysis techniques in a cross-national dataset of 1,275 Italian and Spanish USOs over the period 2005-2013, the findings show that firm size, firm age, industrial partners and firm efficiency positively influence the USOs' survival, whereas patent activity decreases the USOs' chances to survive. Additionally, a U-shaped relationship between financial leverage and the USOs' survival emerges. Based on the emerging evidence, some policy and managerial implications are provided to help USOs to cross their 'Valley of Death'.
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