IDEAS home Printed from https://ideas.repec.org/a/taf/eurpls/v20y2010i4p527-546.html
   My bibliography  Save this article

Government Support Programmes to Promote Academic Entrepreneurship: A Principal--Agent Perspective

Author

Listed:
  • Einar Rasmussen
  • Magnus Gulbrandsen

Abstract

The commercialization of research has become a key task of universities and public research institutions. This development is partly stimulated by an increasing number of government support programmes (GSPs) that are designed to stimulate academic entrepreneurship. Nevertheless, the role that is played by this new type of actor in the innovation system is not very well understood. We use a principal--agent theory to guide our analysis of a Norwegian GSP. The programme contributes to reducing the agency problems of adverse selections and moral hazards in the relationships between the government and the actors that are involved in the commercialization of research. Key tasks include collecting and sharing information, engaging in long-term relationships with principals and agents, developing strategies and specific contractual relationships, taking higher risks for risk-averse agents and using multiple indicators. The programme also plays an institutional role by reducing goal conflicts. This approach requires a long-term effort that is generally less visible for outside stakeholders, and it is under constant pressure from short-term expectations.

Suggested Citation

  • Einar Rasmussen & Magnus Gulbrandsen, 2010. "Government Support Programmes to Promote Academic Entrepreneurship: A Principal--Agent Perspective," European Planning Studies, Taylor & Francis Journals, vol. 20(4), pages 527-546, December.
    • Handle: RePEc:taf:eurpls:v:20:y:2010:i:4:p:527-546
    DOI: 10.1080/09654313.2012.665035
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/09654313.2012.665035
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/09654313.2012.665035?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Einar Rasmussen & Simon Mosey & Mike Wright, 2011. "The Evolution of Entrepreneurial Competencies: A Longitudinal Study of University Spin‐Off Venture Emergence," Journal of Management Studies, Wiley Blackwell, vol. 48, pages 1314-1345, September.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Bruneel, Johan & Clarysse, Bart & Bobelyn, Annelies & Wright, Mike, 2020. "Liquidity events and VC-backed academic spin-offs: The role of search alliances," Research Policy, Elsevier, vol. 49(10).
    2. Jeffery S. McMullen & Dimo Dimov, 2013. "Time and the Entrepreneurial Journey: The Problems and Promise of Studying Entrepreneurship as a Process," Journal of Management Studies, Wiley Blackwell, vol. 50(8), pages 1481-1512, December.
    3. Paul Benneworth & Tiago Ratinho, 2014. "Reframing the Role of Knowledge Parks and Science Cities in Knowledge-Based Urban Development," Environment and Planning C, , vol. 32(5), pages 784-808, October.
    4. Munari, Federico & Sobrero, Maurizio & Toschi, Laura, 2018. "The university as a venture capitalist? Gap funding instruments for technology transfer," Technological Forecasting and Social Change, Elsevier, vol. 127(C), pages 70-84.
    5. Mario BENASSI & Matteo LANDONI & Francesco RENTOCCHINI, 2017. "University Management Practices and Academic Spin-offs," Departmental Working Papers 2017-11, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
    6. Christopher S. Hayter, 2016. "A trajectory of early-stage spinoff success: the role of knowledge intermediaries within an entrepreneurial university ecosystem," Small Business Economics, Springer, vol. 47(3), pages 633-656, October.
    7. Tai-Young Kim & Jeroen G. Kuilman, 2013. "The Demography of Resources," Journal of Management Studies, Wiley Blackwell, vol. 50(7), pages 1155-1184, November.
    8. repec:tiu:tiutis:59edbbb2-7e12-4c54-a431-d37c6df29694 is not listed on IDEAS
    9. Irawan Nurhas & Stefan Geisler & Jan Pawlowski, 2022. "An intergenerational competency framework: Competencies for knowledge sustainability and start‐up development in the digital age," Sustainable Development, John Wiley & Sons, Ltd., vol. 30(6), pages 1733-1748, December.
    10. Demeulemeester, Sarah & Hottenrott, Hanna, 2015. "R&D subsidies and firms' cost of debt," DICE Discussion Papers 201, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
    11. Nurin Asyikin Ahmad & Mohamad Sattar Rasul & Norasmah Othman & Nur Atiqah Jalaludin, 2022. "Generating Entrepreneurial Ideas for Business Development," Sustainability, MDPI, vol. 14(9), pages 1-11, April.
    12. Soetanto, Danny & van Geenhuizen, Marina, 2019. "Life after incubation: The impact of entrepreneurial universities on the long-term performance of their spin-offs," Technological Forecasting and Social Change, Elsevier, vol. 141(C), pages 263-276.
    13. Riccardo Fini & Kun Fu & Marius Tuft Mathisen & Einar Rasmussen & Mike Wright, 2017. "Institutional determinants of university spin-off quantity and quality: a longitudinal, multilevel, cross-country study," Small Business Economics, Springer, vol. 48(2), pages 361-391, February.
    14. Tõnis Mets & Jack Holbrook & Siim Läänelaid, 2021. "Entrepreneurship Education Challenges for Green Transformation," Administrative Sciences, MDPI, vol. 11(1), pages 1-13, February.
    15. Klofsten, Magnus & Fayolle, Alain & Guerrero, Maribel & Mian, Sarfraz & Urbano, David & Wright, Mike, 2019. "The entrepreneurial university as driver for economic growth and social change - Key strategic challenges," Technological Forecasting and Social Change, Elsevier, vol. 141(C), pages 149-158.
    16. Majdouline, Ilias & Baz, Jamal El & Jebli, Fedwa, 2022. "Revisiting technological entrepreneurship research: An updated bibliometric analysis of the state of art," Technological Forecasting and Social Change, Elsevier, vol. 179(C).
    17. Zellmer-Bruhn, Mary E. & Forbes, Daniel P. & Sapienza, Harry J. & Borchert, Patricia S., 2021. "Lab, Gig or Enterprise? How scientist-inventors form nascent startup teams," Journal of Business Venturing, Elsevier, vol. 36(1).
    18. Silvia Blasi & Silvia Rita Sedita, 2020. "Determinants and success factors of student entrepreneurship: Evidence from the University of Padova," "Marco Fanno" Working Papers 0260, Dipartimento di Scienze Economiche "Marco Fanno".
    19. Giuliano Sansone & Daniele Battaglia & Paolo Landoni & Emilio Paolucci, 2021. "Academic spinoffs: the role of entrepreneurship education," International Entrepreneurship and Management Journal, Springer, vol. 17(1), pages 369-399, March.
    20. Rasmussen, Einar & Mosey, Simon & Wright, Mike, 2014. "The influence of university departments on the evolution of entrepreneurial competencies in spin-off ventures," Research Policy, Elsevier, vol. 43(1), pages 92-106.
    21. Katja Maria Hydle & Kjerst Vikse Meland, 2016. "Supplying Spin-Offs: Collaboration Practices in the Perpetuation of an Organizaton," Journal of Entrepreneurship, Management and Innovation, Fundacja Upowszechniająca Wiedzę i Naukę "Cognitione", vol. 12(4), pages 51-68.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:eurpls:v:20:y:2010:i:4:p:527-546. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/CEPS20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.