University knowledge and the creation of innovative start-ups: an analysis of the Italian case

University knowledge and the creation of innovative start-ups: an analysis of the Italian case Grounding on the Knowledge Spillover Theory of Entrepreneurship, this paper advances research on innovative start-ups by studying whether and how university knowledge fosters the creation of these firms at the local level. First, we contend that geographical proximity shapes the impact of university knowledge on the creation of innovative start-ups in a geographical area. In other words, in this context, university knowledge spillovers are highly localized. Second, we argue that the availability in an area of individuals with open-minded attitudes (regional openness) lessens the localized nature of university knowledge spillovers, favouring the exploitation of geographically distant university knowledge for the creation of innovative start-ups. Results from estimations of zero-inflated negative binomial regressions on a sample of 1188 province–industry pairs confirm our conjectures. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Small Business Economics Springer Journals

University knowledge and the creation of innovative start-ups: an analysis of the Italian case

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Publisher
Springer US
Copyright
Copyright © 2016 by Springer Science+Business Media New York
Subject
Business and Management; Management; Microeconomics; Entrepreneurship; Industrial Organization
ISSN
0921-898X
eISSN
1573-0913
D.O.I.
10.1007/s11187-016-9720-2
Publisher site
See Article on Publisher Site

Abstract

Grounding on the Knowledge Spillover Theory of Entrepreneurship, this paper advances research on innovative start-ups by studying whether and how university knowledge fosters the creation of these firms at the local level. First, we contend that geographical proximity shapes the impact of university knowledge on the creation of innovative start-ups in a geographical area. In other words, in this context, university knowledge spillovers are highly localized. Second, we argue that the availability in an area of individuals with open-minded attitudes (regional openness) lessens the localized nature of university knowledge spillovers, favouring the exploitation of geographically distant university knowledge for the creation of innovative start-ups. Results from estimations of zero-inflated negative binomial regressions on a sample of 1188 province–industry pairs confirm our conjectures.

Journal

Small Business EconomicsSpringer Journals

Published: Mar 12, 2016

References

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