Prokop, Daniel  ORCID: https://orcid.org/0000-0002-6394-6149 and Kitagawa, Fumi
2022.
Shareholder networks of university spinoff companies: firm development and regional characteristics.
Studies in Higher Education
47
(10)
, pp. 2101-2116.
10.1080/03075079.2022.2122662
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Abstract
This paper contributes to the understanding of university spinoff (USO) development by analysing structural properties of their shareholder networks over time and across different regions. Theoretically, we propose a new stage-based typology of USO development across regions. Empirically, the study utilises a sample of 1033 academic spinoffs founded by 87 universities across 12 unitary regions in the UK considering the diversity of spatial contexts in the USO development. We undertake a social network analysis of relations USOs form with their parent universities and shareholders by adopting ‘betweenness centrality’ and ‘structural holes’ as two key measures. By employing this novel network-based view of firm development across regions, this study builds on the development model of USOs by identifying three key phases of USO development: (1) organisation phase, (2) exploitation phase, and (3) maturity and reorganisation phase. Second, we observe differences in USOs in terms of shareholder network development across diverse regional contexts. We propose a novel typology of entrepreneurial regions to better understand the diverse spatiality of USOs: peripheral lock-in, entrepreneurial periphery, rigid core, and entrepreneurial core. We call for further research to capture the long-term development and variable growth paths of USOs.
| Item Type: | Article |
|---|---|
| Date Type: | Publication |
| Status: | Published |
| Schools: | Schools > Geography and Planning (GEOPL) |
| Publisher: | Routledge |
| ISSN: | 0307-5079 |
| Date of First Compliant Deposit: | 21 September 2022 |
| Date of Acceptance: | 13 September 2022 |
| Last Modified: | 07 May 2023 20:19 |
| URI: | https://orca.cardiff.ac.uk/id/eprint/152762 |
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