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What makes universities build academic spin-offs more successfully? A theory-based triangulation of quantitative studies based on meta-analyses

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  • Lee, Kyootai
  • Jung, Hyun Ju

Abstract

In recent decades, quantitative studies on university spinoffs (USOs) have begun to proliferate across disciplines. This study aims to systematically consolidate the measures used in the extant USO research into theoretical constructs, and connect the constructs to the entrepreneurial ecosystem (EE) perspective. In doing so, this study examines the effect of university-level characteristics on the number of USO establishments and USO performance; it also evaluates measurement validities that can reflect constructs. The systematic review and thematic coding reveal four groups of 14 constructs from the measures identified in prior studies: university general characteristics, university research characteristics, university entrepreneurial characteristics, and technology transfer office characteristics. Our meta-analyses indicate that the relationships between the constructs and USO outcomes are generally significant, thereby providing evidence of the convergent and nomological validities of the measures. Research design has a limited impact on the relationships, but country moderates several relationships between university characteristics and USO outcomes. Following our meta-analytic review, we explain the contribution to university entrepreneurship ecosystem research and suggest a theoretically triangulated model for future studies.

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  • Lee, Kyootai & Jung, Hyun Ju, 2024. "What makes universities build academic spin-offs more successfully? A theory-based triangulation of quantitative studies based on meta-analyses," Journal of Business Venturing Insights, Elsevier, vol. 21(C).
    • Handle: RePEc:eee:jobuve:v:21:y:2024:i:c:s2352673424000155
    DOI: 10.1016/j.jbvi.2024.e00463
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    More about this item

    Keywords

    University spinoff; University general characteristics; University research characteristics; University entrepreneurial characteristics; TTO characteristics; Meta-analysis; University entrepreneurship ecosystem;
    All these keywords.

    JEL classification:

    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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