Abstract

Increasingly, universities are seen as a catalyst for economic development within a region (Lockett & Wright, 2005; Rothaermel et al., 2007. One key mechanism through which they fulfill this role is through the generation of spin-offs (Nicolaou & Birley, 2003; Pirnay et al., 2003). Recently, scholars have begun to direct attention towards understanding the implications of varying spinoff types on organizational outcomes (Åstebro et al., 2012; Wennberg et al., 2011). In this study, we adopt the perspective that spin-offs face critical junctures in the accumulation of resources and capabilities (Vohora et al., 2004) but that the fungibility of those resources may be constrained by the particular makeup of the founding team. Thus, we examine the impact of the presence of a faculty founder on the type of subsequent spinoff that is generated by the focal firm.

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