The Development, Growth, and Performance of University Spin-Offs: A Critical Review

Mathisen, M.T. & Rasmussen, E. J Technol Transf (2019). DOI/10.1007/s10961-018-09714-9

60 Pages Posted: 19 Jan 2019

See all articles by Marius Tuft Mathisen

Marius Tuft Mathisen

Norwegian University of Science and Technology (NTNU)

Einar Rasmussen

Nord Universtiy

Date Written: January 7, 2019

Abstract

The literature examining university spin-offs is expanding rapidly. While most studies have examined the antecedents of spin-off creation at universities, the impact of spin-offs commercializing university research cannot be properly assessed without considering how these firms develop, grow, and perform over time. This study provides a systematic review of a recent research stream addressing the development, growth, and performance of university spin-offs. By critically analyzing 105 research papers published since 2000, this paper makes two main contributions. First, we present a conceptual framework outlining the variety of outcomes used in the literature to assess the development, growth and performance of university spin-offs, as well as the determinants of these outcomes at different levels of analysis. Second, we critically assess gaps in the extant literature and discuss promising directions for future research. We conclude that the university spin-off phenomenon provides an excellent empirical context for conducting research that contributes to more general theoretical discussions related to entrepreneurship, innovation and management.

Keywords: Academic Entrepreneurship, Academic Spin-Offs, Firm Growth, Literature Review, Research-Based Spin-Offs, University Entrepreneurship, University Spin-Offs, New Venture Growth, Venture Performance

JEL Classification: M13, L26, L25, O32, O33

Suggested Citation

Mathisen, Marius Tuft and Rasmussen, Einar, The Development, Growth, and Performance of University Spin-Offs: A Critical Review (January 7, 2019). Mathisen, M.T. & Rasmussen, E. J Technol Transf (2019). DOI/10.1007/s10961-018-09714-9, Available at SSRN: https://ssrn.com/abstract=3312962

Marius Tuft Mathisen (Contact Author)

Norwegian University of Science and Technology (NTNU) ( email )

Høgskoleringen
Trondheim NO-7491, 7491
Norway

Einar Rasmussen

Nord Universtiy ( email )

Post Office Box 1490
Bodø, Nordland 8049
Norway

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