J Technol Transf https://doi.org/10.1007/s10961-018-9669-1 Technology spin‑offs: teamwork, autonomy, and the exploitation of business opportunities 1 1 2,3 Marco Corsino · Paola Giuri · Salvatore Torrisi © Springer Science+Business Media, LLC, part of Springer Nature 2018 Abstract This study analyzes the antecedents of technology spin-off resulting from the exploitation of patented technology developed in established firms and then transferred to a new organization. We hypothesize and empirically examine how teamwork and autonomy, two key dimensions of the established organization’s inventive activity, correlate with spin- off formation. The results, based on a large-scale survey of inventors, show that (1) inven - tive activities organized as teamwork are less likely to engender the creation of a new firm and (2) granting strategic autonomy increases the likelihood of a spin-off whereas struc - tural autonomy decreases the chances of a spin-off. Keywords Technology spinoff · Technology transfer · Entrepreneurship · Innovation process · Patents JEL Classification M13 · 032 · O34 1 Introduction Researchers view new technology ventures as engines of creative destruction that engender economic growth (Beckman et al. 2012; Bhidé 2000; Delmar et al. 2011). In the United States, the rate of new firm formation in the high-tech sector has been higher than that in the private sector on average, and between 1980
The Journal of Technology Transfer – Springer Journals
Published: Jun 4, 2018
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