Abstract
The extant literature highlights that environmental conditions, during the creation phase, imprint on a start-up's survival and growth. However, there are few studies that explore the composite nature of a founding team's capabilities and networks, developed within this phase, and the contribution made to future performance. This paper uses the distinctive context of university spin-offs, where early stage ventures are fostered by institutional interventions, to analyse the influence that the capabilities and networks of a founding team, at incorporation, have upon the future performance of the spin-off. Based on data from 181 university spin-offs, this paper empirically demonstrates that the entrepreneurial capabilities of a founding team, augmented during the ‘creation’ phase, have a positive influence on the performance of a spin-off during the ‘growth’ phase, and that the networks of a founding team indirectly affect a spin-off's performance through the enhancement of a team's entrepreneurial capabilities.
Original language | English |
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Pages (from-to) | 10-22 |
Number of pages | 13 |
Journal | Journal of Business Research |
Volume | 78 |
Early online date | 2 May 2017 |
DOIs | |
Publication status | Published - 1 Sept 2017 |
Externally published | Yes |
Keywords
- University spin-offs
- Founding teams
- Entrepreneurial capabilities
- Networks
- Incubation
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Thanh Huynh
- Research Centre for Business in Society - Assistant Professor
Person: Teaching and Research