The academic spinoff theory of the firm

Prokop, Daniel ORCID: https://orcid.org/0000-0002-6394-6149 2023. The academic spinoff theory of the firm. International Journal of Entrepreneurship and Innovation 24 (4) , pp. 233-243. 10.1177/14657503211066013

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Abstract

This paper reviews the key theories of the firm and considers their relevance to studying and understanding academic spinoffs as a special case of firms. The theory of the firm is an important aspect in entrepreneurship literature, as without clear understanding of the parameters influencing firm's behaviour, it remains difficult to predict its decisions to secure sustainable growth and ensure development of the economy overall. The paper considers the contribution of transaction cost theory, managerial theory, resource-based view, knowledge-based view, and dynamic capabilities, to the understanding of the academic spinoff. In essence, these theoretical explanations lend multiple perspectives that offer a greater insight into the academic spinoff firm by illuminating the issues of its boundaries, entrepreneurs, resources, knowledge, and networks. It is concluded that understanding academic spinoffs requires acknowledging this theoretical plurality. In response to this challenge, the paper proposes the Academic Spinoff Theory of the Firm.

Item Type:	Article
Date Type:	Publication
Status:	Published
Schools:	Geography and Planning (GEOPL)
Publisher:	Sage
ISSN:	1465-7503
Date of First Compliant Deposit:	23 November 2021
Date of Acceptance:	22 November 2021
Last Modified:	15 Nov 2023 14:29
URI:	https://orca.cardiff.ac.uk/id/eprint/145701

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