Abstract
In this paper, we employ a genealogical imprinting approach to theorize that experiences incurred during the founding of a first-generation university spin-off will influence future spin-off activity from the focal firm. We propose that firms that secure equity investment during their founding process will have a higher likelihood of generating subsequent spin-offs, and that this impact is conditional on the human capital of the founding team. We test our hypotheses on a sample of 101 first generation university spin-offs around a large US research university and their subsequent progeny firms. This study develops a new understanding of multi-generational spin-off processes in a region.
| Original language | English |
|---|---|
| Pages (from-to) | 1113-1134 |
| Journal | The Journal of Technology Transfer |
| Volume | 41 |
| Issue number | 5 |
| DOIs | |
| Publication status | Published - 2016 |
Corresponding author email
Michael_Ciuchta@uml.eduKeywords
- Entrepreneurship
- Imprinting
- Regional development
- University spin-offs
- Venture capital
Indexed by
- Scopus
- SSCI
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Ciuchta, M. P., Gong, Y., Miner, A. S., Sadler, A., & Letwin, C. (2016). Imprinting and the progeny of university spin-offs. The Journal of Technology Transfer, 41(5), 1113-1134. https://doi.org/10.1007/s10961-015-9464-1