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 4: A technology credit scoring model for the biotechnology industry?

So Young Sohn, Kyong Taek Lim and Bo Kyeong Lee

Subjects: business and management, entrepreneurship, management and universities


The biotechnology industry is a major contributor to the world economy. This study proposes technology credit scoring models that can be applied to fund industrial biotechnology and pharmaceutical development firms, respectively, based on technology-oriented attributes, as well as firm-specific and economic attributes. The results of the logistic regression analysis show that the technology and marketability factors play the most important role in industrial biotechnology, while management factors and firm-specific characteristics are influential for loan default in pharmaceutical companies.

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