Drivers of growth: the case of French academic spin-off
by Veronique Bessière; Marie Gomez-Breysse; Karim Messeghem; Andry Ramaroson; Sylvie Sammut
International Journal of Entrepreneurship and Innovation Management (IJEIM), Vol. 21, No. 4/5, 2017

Abstract: Academic spin-offs (ASOs) have developed considerably in France since the 2000s. However, despite a strong increase in the number of new ventures, little is known about their ability to experience and sustain growth beyond the first five years. Based on a sample of 118 French ASOs from the same generation, this article analyses the factors that determine their growth during the development phase. These factors are derived from a resource-based view (RBV) and a dynamic capabilities approach (DCA). The results of our quantitative study show that four factors determine the growth of ASOs: entrepreneurial orientation (and broader cognitive resources), the acquisition of skills in the entrepreneurial process, the amount of public and private financing, technological capabilities and support programs.

Online publication date: Mon, 07-Aug-2017

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