Forum for Science, Industry and Business

Sponsored by:     3M 
Search our Site:

 

Long-term productivity higher in university spin-offs than in other companies

26.03.2014

The study, published in the journal Technovation and written by Pere Ortín Ángel and Ferran Vendrell Herrero, covers financial data from two comparison samples of companies founded between 1994 and 2005. One sample is made up of 104 university spin-offs and the other is made up of 73 technology-based, non-university companies.

The study compares what is known as the total factor productivity of these two samples. According to the study, in the university spin-offs this productivity is, on average, lower in the year in which the company is founded.

Nevertheless, data shows that after two or three years this productivity equals and after the fifth year the total factor productivity is higher among university spin-offs.

The total factor productivity is a technical term economists use to refer to the greater production systematically obtained by some companies when compared to their competitors even when using the same levels of factors of production (resources such as labour or capital). In management literature, the term most used to refer to these differences is capacity.

In fact, distinction is made between substantive capacities, those possessed at a specific moment, and dynamic capacities, those which aid to increase the companies substantive capacities in the long term.

Previous studies focused on the first years of life of a university spin-off and argued that their poorer economic results were caused by the differences in the commercial and management capacities of its founders.

This study is the first to measure the differences in dynamic capacities in these types of companies. The results show that, in the case of university spin-offs, dynamic capacities are higher.

The reason for this higher productivity in university companies, according to the study, could be that academic entrepreneurs have a greater learning capacity. According to Pere Ortín, researcher from the Department of Business of the UAB, "one of the possible knowledge transfers between university and business management would be to provide academically created learning tools, such as statistics, experimentals, data treatment, etc. and therefore systematise and improve learning processes within the business sector."

Pere Ortín | EurekAlert!

Further reports about: Autonoma Nevertheless academic capacity entrepreneurs factors resources specific

More articles from Studies and Analyses:

nachricht New study first to predict which oil and gas wells are leaking methane
21.12.2018 | University of Vermont

nachricht Droughts boost emissions as hydropower dries up
21.12.2018 | Stanford's School of Earth, Energy & Environmental Sciences

All articles from Studies and Analyses >>>

The most recent press releases about innovation >>>

Die letzten 5 Focus-News des innovations-reports im Überblick:

Im Focus: Ten-year anniversary of the Neumayer Station III

The scientific and political community alike stress the importance of German Antarctic research

Joint Press Release from the BMBF and AWI

The Antarctic is a frigid continent south of the Antarctic Circle, where researchers are the only inhabitants. Despite the hostile conditions, here the Alfred...

Im Focus: Ultra ultrasound to transform new tech

World first experiments on sensor that may revolutionise everything from medical devices to unmanned vehicles

The new sensor - capable of detecting vibrations of living cells - may revolutionise everything from medical devices to unmanned vehicles.

Im Focus: Flying Optical Cats for Quantum Communication

Dead and alive at the same time? Researchers at the Max Planck Institute of Quantum Optics have implemented Erwin Schrödinger’s paradoxical gedanken experiment employing an entangled atom-light state.

In 1935 Erwin Schrödinger formulated a thought experiment designed to capture the paradoxical nature of quantum physics. The crucial element of this gedanken...

Im Focus: Nanocellulose for novel implants: Ears from the 3D-printer

Cellulose obtained from wood has amazing material properties. Empa researchers are now equipping the biodegradable material with additional functionalities to produce implants for cartilage diseases using 3D printing.

It all starts with an ear. Empa researcher Michael Hausmann removes the object shaped like a human ear from the 3D printer and explains:

Im Focus: Elucidating the Atomic Mechanism of Superlubricity

The phenomenon of so-called superlubricity is known, but so far the explanation at the atomic level has been missing: for example, how does extremely low friction occur in bearings? Researchers from the Fraunhofer Institutes IWM and IWS jointly deciphered a universal mechanism of superlubricity for certain diamond-like carbon layers in combination with organic lubricants. Based on this knowledge, it is now possible to formulate design rules for supra lubricating layer-lubricant combinations. The results are presented in an article in Nature Communications, volume 10.

One of the most important prerequisites for sustainable and environmentally friendly mobility is minimizing friction. Research and industry have been dedicated...

All Focus news of the innovation-report >>>

Anzeige

Anzeige

VideoLinks
Industry & Economy
Event News

Our digital society in 2040

16.01.2019 | Event News

11th International Symposium: “Advanced Battery Power – Kraftwerk Batterie” Aachen, 3-4 April 2019

14.01.2019 | Event News

ICTM Conference 2019: Digitization emerges as an engineering trend for turbomachinery construction

12.12.2018 | Event News

 
Latest News

Additive manufacturing reflects fundamental metallurgical principles to create materials

18.01.2019 | Materials Sciences

How molecules teeter in a laser field

18.01.2019 | Life Sciences

The cytoskeleton of neurons has been found to be involved in Alzheimer's disease

18.01.2019 | Health and Medicine

VideoLinks
Science & Research
Overview of more VideoLinks >>>