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Entrepreneurial effectiveness of European universities: An empirical assessment of antecedents and trade-offs |
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| Authors: | Bart Van Looy Paolo LandoniJulie Callaert Bruno van PottelsbergheEleftherios Sapsalis Koenraad Debackere |
| Institution: | a Managerial Economics, Strategy and Innovation, INCENTIM, Faculty of Economics & Applied Economics, K.U. Leuven, Centre for R&D Monitoring (ECOOM), Belgium b Department of Management, Economics and Industrial Engineering, Politecnico di Milano, Italy c Solvay Business School - Centre Emile Bernheim, ULB, Belgium |
| Abstract: | The phenomenon of entrepreneurial universities has received considerable attention over the last decades. An entrepreneurial orientation by academia might put regions and nations in an advantageous position in emerging knowledge-intensive fields of economic activity. At the same time, such entrepreneurial orientation requires reconciliation with the scientific missions of academia. Large-scale empirical research on antecedents of the entrepreneurial effectiveness of universities is scarce. This contribution examines the extent to which scientific productivity affect entrepreneurial effectiveness, taking into account the size of universities and the presence of disciplines, as well as the R&D intensity of the regional business environment (BERD). In addition, we assess the occurrence of trade-offs between different transfer mechanisms (contract research, patenting and spin off activity). The data used pertain to 105 European universities. Our findings reveal that scientific productivity is positively associated with entrepreneurial effectiveness. Trade-offs between transfer mechanisms do not reveal themselves; on the contrary, contract research and spin off activities tend to facilitate each other. Limitations and implications for future research are discussed. |
| Keywords: | Academic Entrepreneurship Entrepreneurial effectiveness of Universities University-industry relationships Technology transfer European universities |
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