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Barriers to the development of spin-offs. A fuzzy-set-theoretic approach

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  • Anna Kwiotkowska

Abstract

University spin-offs have idiosyncratic strengths in comparison to other new firms. However, evidence also shows that Polish university spin-offs have a low survival rate, and only a small percent of them grow into sustainable businesses. The purpose of this paper is to carry out an empirical study to determine the nature of barriers to the growth of Polish university spin-offs, in order to address the two major research questions considered by this paper: what are the major barriers to growth, and which combinations of these barriers have the greatest impact on the performance of the university spin-offs under study? Firstly, this paper attempts to explore these research questions through a literature review and pilot interviews, based on which a questionnaire was developed. Secondly, this study attempts to address the research questions through a fuzzy-set-theoretic approach by using a software package, such as fs/QCA- fuzzy set Qualitative Comparative Analysis. This paper identifies six key groups of barriers to the growth of university spin-offs in Poland, namely financial, competence, psychological, organizational, informational and formal barriers. Moreover, four alternative configurations of key groups of barriers to the growth of spin-offs that lead to low performance among the organizations examined are distinguished using fs/QCA. This problem is interesting not only from a scientific, but also a practical, point of view, pointing out the need for increased attention, not only from academic entrepreneurs themselves, but also for greater effort from universities and the government to cultivate university spin-offs. Most importantly, simultaneous action in all of these directions is necessary. The continuation of such research is also important, which will consider, on the one hand, a larger sample of firms, and, on the other hand, the results achieved so far and their re-conceptualization.

Suggested Citation

  • Anna Kwiotkowska, 2018. "Barriers to the development of spin-offs. A fuzzy-set-theoretic approach," Operations Research and Decisions, Wroclaw University of Science and Technology, Faculty of Management, vol. 28(4), pages 31-46.
    • Handle: RePEc:wut:journl:v:4:y:2018:p:31-46:id:1367
    DOI: 10.5277/ord180403
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    References listed on IDEAS

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    1. Ragin, Charles C., 2000. "Fuzzy-Set Social Science," University of Chicago Press Economics Books, University of Chicago Press, edition 1, number 9780226702773, December.
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    3. Lockett, Andy & Wright, Mike, 2005. "Resources, capabilities, risk capital and the creation of university spin-out companies," Research Policy, Elsevier, vol. 34(7), pages 1043-1057, September.
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    5. Vohora, Ajay & Wright, Mike & Lockett, Andy, 2004. "Critical junctures in the development of university high-tech spinout companies," Research Policy, Elsevier, vol. 33(1), pages 147-175, January.
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    7. Mustar, Philippe & Renault, Marie & Colombo, Massimo G. & Piva, Evila & Fontes, Margarida & Lockett, Andy & Wright, Mike & Clarysse, Bart & Moray, Nathalie, 2006. "Conceptualising the heterogeneity of research-based spin-offs: A multi-dimensional taxonomy," Research Policy, Elsevier, vol. 35(2), pages 289-308, March.
    8. Clarysse, Bart & Wright, Mike & Lockett, Andy & Van de Velde, Els & Vohora, Ajay, 2005. "Spinning out new ventures: a typology of incubation strategies from European research institutions," Journal of Business Venturing, Elsevier, vol. 20(2), pages 183-216, March.
    9. repec:ucp:bkecon:9780226702766 is not listed on IDEAS
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    Cited by:

    1. Manuel Fernández-Esquinas & María Isabel Sánchez-Rodríguez & José Antonio Pedraza-Rodríguez & Rocío Muñoz-Benito, 2021. "The use of QCA in science, technology and innovation studies: a review of the literature and an empirical application to knowledge transfer," Scientometrics, Springer;Akadémiai Kiadó, vol. 126(8), pages 6349-6382, August.
    2. Anna Kwiotkowska, 2022. "Organizational Capabilities and Social Entrepreneurship: A Fuzzy-set Approach," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 272-285.

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