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Title: | A comparative study of the survival of university spin-off companies (USOs) in the post-industrial UK West Midlands region |
Authors: | Jelfs, P Lawton Smith, H |
Keywords: | university spin-offs;financial performance;survival;regional development;signalling theory;UK |
Issue Date: | 2-Jan-2021 |
Publisher: | Springere Nature |
Citation: | Jelfs, P. and Smith, H.L. (2021) 'A comparative study of the survival of university spin-off companies (USOs) in the post-industrial UK West Midlands region', Studies in Higher Education, 46, pp. 1949 - 1972. doi: 10.1080/03075079.2022.2122663. |
Abstract: | Doubts remain over the true impact of university spin-offs (USOs), particularly those created outside elite research universities. This paper examines the financial performance of USOs from a single UK post-industrial region, the West Midlands within the framework of signalling theory. It adds to the existing literature on USO performance at company level, a currently under-represented topic, despite the attention and funding devoted to USOs by UK policymakers. By considering a single region, it brings new insight into the regional context of USOs. Key results of the study are a correlation between research strength of a university and ability of its USOs to attract external finance, but a lack of successful exits across the whole region. |
Description: | JEL Classification: O18; O31; O32; O33; O34. |
URI: | https://bura.brunel.ac.uk/handle/2438/32077 |
DOI: | https://doi.org/10.1080/03075079.2022.2122663 |
ISSN: | 0307-5079 |
Other Identifiers: | ORCiD: Peter Jelfs https://orcid.org/0000-0002-0638-3677 ORCiD: Helen Lawton Smith https://orcid.org/0000-0002-5950-9931 |
Appears in Collections: | Dept of Economics and Finance Research Papers |
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FullText.pdf | Copyright © The Author(s), under exclusive licence to Springer Science+Business Media, LLC part of Springer Nature 2021. This version of the article has been accepted for publication, after peer review (when applicable) and is subject to Springer Nature’s AM terms of use, but is not the Version of Record and does not reflect post-acceptance improvements, or any corrections. The Version of Record is available online at: https://doi.org/10.1007/s10961-020-09835-0 (see: https://www.springernature.com/gp/open-research/policies/journal-policies ). | 518.21 kB | Adobe PDF | View/Open |
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