Academic Entrepreneurship

Academic Entrepreneurship

Translating Discoveries to the Marketplace

The Johns Hopkins University series on Entrepreneurship

Edited by Phillip H. Phan

Academic entrepreneurship is a multifactorial and multidimensional phenomenon. This book presents research featuring aspects of academic entrepreneurship at the regional, institutional, and organizational levels of analysis. Phillip H. Phan and the authors illustrate that the more interesting aspects of this subject are in the ‘tails of the distribution,’ where counter-intuitive findings from the data call simple theories into question and inspire a vigorous discussion of alternatives.

Chapter 2: Poor opportunities in the academic labor market as a cause of spin-offs

Silvio Vismara and Michele Meoli

Subjects: business and management, entrepreneurship, management and universities


Spanning monetary rewards to self-enhancing goals, existing studies on individual motivations to establish academic spin-offs share a positive inclination. Nevertheless, this type of firm does not outperform other start-ups. With a longitudinal study of 559 spin-offs from 85 Italian universities in the period 1999 to 2013, and controlling for several university- and context-level factors, we find that a lack of academic job positions at a regional level results in a higher propensity to spin-offs. Accordingly, we argue that academics sometimes become entrepreneurs as a second-best solution, because of shortcomings in the market for knowledge. This effect is negatively moderated by the teaching load in technology-based spin-offs, and by administrative support in non-technology spin-offs. We argue that a lack of administrative support might create an incentive to spin-off non-technology firms replacing the role of administrative staff.

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.

Further information