Events calendar

11.00 - 12.30 Tuesday 30 Apr 2013

On campus - London - United Kingdom

SE Seminar Speaker Series, Vangelis Souitaris, City University

Speaker(s): TBC

The Halo Effect of a New Reputation: Spinoff-Portfolio Characteristics and University Research Income

The academic entrepreneurship literature has shed light on many aspects of technology transfer but we still know little about the economic impact of academic spinoffs on the universities that create them. In this paper, we investigate whether spinoffs generate money for universities, not directly via equity positions, but indirectly via reputational benefits. Based on a longitudinal database of the entire spinoff population in England and Scotland (1993-2007), we found that the size, the quality, and the media coverage of a university’s spinoff portfolio are positively related with its subsequent research income. Our study contributes to the literature on academic entrepreneurship by demonstrating the impact of spinoffs on university income. The study has also broader implications for signalling theory and the reputation literature. It illustrates that signalling a new organisational ability (in our context creating spinoffs) can increase resource acquisition for the core organisational activity (research). We term this phenomenon, the ‘halo effect of a new reputation’.

Event location

LT5

Contact: Sharon Wilson - Email: swilson@london.edu Tel: 020 7000 8711