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Do parent organizations influence R&D decisions of academic spin‐offs?

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  • Chen Zhao
  • Feng Feng

Abstract

Research on academic spin‐offs (ASOs) usually focused on their economic performance, but there was a lack of discussion on the decision‐making grounds of enterprise behaviors. This study analyzes the influence of parent organizations on R&D investment of ASOs through listed high‐tech enterprises in China. It is found that ASOs controlled by the parent organizations have a higher R&D investment. With the organizational imprinting theory and signaling theory, we attempt to attribute the R&D tendency to the higher financing efficiency and government subsidies. The conclusions provide a new inspiration and explanation the inherent logic of ASOs' active participation in innovation activities.

Suggested Citation

  • Chen Zhao & Feng Feng, 2023. "Do parent organizations influence R&D decisions of academic spin‐offs?," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 44(1), pages 43-57, January.
    • Handle: RePEc:wly:mgtdec:v:44:y:2023:i:1:p:43-57
    DOI: 10.1002/mde.3665
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