The Impact of Entrepreneurial Universities on Regional Growth: a Local Intellectual Capital Perspective

Trequattrini, Raffaele; Lombardi, Rosa; Lardo, Alessandra; Cuozzo, Benedetta

doi:10.1007/s13132-015-0334-8

Cited by 46 publications

(32 citation statements)

References 17 publications

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“…However, scholars are debating the university's roles in local communities by measuring both their innovation promotion (Etzkowitz, 2003;Shane, 2004;Huggins and Johnston, 2009;Trequattrini et al, 2015) and their wealth creation (Trune and Goslin, 1998;Siegfried et al, 2007;Guerrero et al, 2015;. There has only recently been a tendency to assess a university's performance in pursuing its third mission in terms of the creation of IC (Leitner et al, 2014;Secundo et al, 2017;Mariani, 2017).…”

Section: Introductionmentioning

confidence: 99%

“…One key effect is the ability to convert knowledge that has been created via research into business ideas by creating industry-university collaborations or spinoffs (Etzkowitz, 2001;Etzkowitz and Klofsten, 2005). Universities are becoming charged with socio-economic development, with benefits for the local area (Huggins and Johnston, 2009;Trequattrini et al, 2015).…”

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confidence: 99%

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Academic spinoffs as a value driver for intellectual capital: the case of the University of Pisa

Mariani

Carlesi

Scarfò

2018

JIC

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Purpose: The purpose of this paper is to discuss academic spinoffs (ASO) as an expression of the value creation of university technology transfer (TT) investments. More recently, scholars have emphasised intellectual capital (IC) importance, also for universities in obtaining competitive advantages and by creating value. Such spinoffs are key to regional development, as a primary aspect of universitiesâ\u80\u99 IC. Design/methodology/approach: The authors tested the aim through a sample of the University of Pisaâ\u80\u99s spinoffs. The authors measured the value the universityâ\u80\u99s third mission investment generates on the area by means of entrepreneurship through two different approaches. First, the authors defined a multiplier of the TT investment (university TT multiplier) and then explored the IC componentsâ\u80\u99 contributions to the ASOsâ\u80\u99 enterprise value (EV). Findings: The results show that the University of Pisa TT investments positively impact the local community through the spinoff system, both in economic terms and in IC. In the long term, these investments can enrich scientific humus and entrepreneurial mindsets. Research limitations/implications: This is an exploratory study of the University of Pisaâ\u80\u99s impacts on the local economy. The results are limited to the context of Pisa and to the TT policy. Another limitation is the subjectivity of the EV estimation. Practical implications: The results can have some practical implications. The large portfolio of university stakeholders (policymakers, families, students, companies, financiers, etc.) ask for information, especially on long-term results: in a simple way, the multiplier is able to communicate important feedbacks to support their decision-making process. Social implications: With the multiplier, the authors give a tool to measure the social enrichment. Originality/value: In the study, the authors propose a new tool to measure the impact of the investment in TT on the local community

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Section: Introductionmentioning

confidence: 99%

mentioning

confidence: 99%

Academic spinoffs as a value driver for intellectual capital: the case of the University of Pisa

Mariani

Carlesi

Scarfò

2018

JIC

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“…For instance, Fini et al (2017) distinguish the quantity of spin-offs, that is the number of university spin-offs from a given university in a given year, and the quality of spin-offs, operationalised as the number of university spin-offs from a given university in a given year, which have received a first round of venture capital financing in that year. Other frequently used metrics are: patents (e.g., Urbano and Guerrero, 2013;Secundo and Elia, 2014;Guerrero et al, 2015;Perkmann et al 2015;Riviezzo et al, 2019a); consulting or professional contracts (e.g., Perkmann et al, 2015;Guerrero et al, 2015;Trequattrini et al, 2018); publications (e.g., Urbano and Guerrero, 2013;Secundo and Elia, 2014); entrepreneurial education (e.g., Secundo and Elia, 2014;Trequattrini et al, 2018); student or researcher exchange (e.g., Urbano and Guerrero, 2013); facilities (Guerrero et al, 2015); networking and collaboration with industry (e.g., Secundo and Elia, 2014;Guerrero et al, 2015).…”

Section: The Entrepreneurial University: the Third Missionmentioning

confidence: 99%

“…With regard to regional impact, the metrics most frequently used are: GDP (e.g., Vincett, 2010;Urbano and Guerrero, 2013;Guerrero et al, 2016); Gross Value Added -GVA (Guerrero et al, 2015;Trequattrini et al, 2018); employment rate (e.g., Guerrero et al, 2016;Trequattrini et al, 2018); regional exports value and regional return on assets (ROA) values (e.g., Trequattrini et al, 2018). Urbano and Guerrero (2013) also report indirect social impacts, such as attracting business or producing social mobility.…”

Section: The Entrepreneurial University: the Third Missionmentioning

confidence: 99%

Along the Pathway of University Missions

Riviezzo

Napolitano

Fusco

2020

Examining the Role of Entrepreneurial Universities in Regional Development

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Over the last decades, the pressure on the university to facilitate direct application and exploitation of its knowledge and capabilities to contribute to social, cultural, and economic development has steadily increased. As a result, new missions have been recognized to universities, new theoretical frameworks have been developed, and new university models have been proposed, including the “entrepreneurial university”, the “civic university”, the “community-engaged university”, the “transformative university” or the “interconnected university”. Thus, a corresponding advancement of performance metrics and indicators used to assess the impact of university activities is required. Through a bibliometric and then a critical review of the extant literature, this study provides: i) an overall picture of the state-of-art of literature on universities' missions and roles in regional development; ii) a systematisation of the contributions on performance measures and indicators of universities' activities.

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“…Skills development and new competencies related to creative practice reduce perceived risks and challenges generated during organizational growth [14]. When perceived threats reduce, and entrepreneurial leadership emerges, firms grow, enhancing the intangible resources of a territory [15], especially when new business opportunities arise [16][17][18]. This business effect is only moderated by the entrepreneurial culture of the firm [19].…”

Section: Introductionmentioning

confidence: 99%

Product Newness, Low Competition, Recent Technology, and Export Orientation as Predictors for Entrepreneurial Growth Aspirations

Carreón-Gutiérrez

Sáiz-Álvarez

2019

Sustainability

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This study examines the contribution of how product newness, low competition, recent technology, and export orientation affect entrepreneurial growth aspirations moderated by financial capital. Based on a Global Entrepreneurship Monitor (GEM) sample of 512 Mexican new entrepreneurs, we use a hierarchical regression model to study the independent and interaction effects between these variables, and we apply a Chow breakpoint test and a CUSUMSQ (cumulative sum of squares of recursive residuals) test to analyze structural change and robustness. Our results suggest that achieving higher educational levels, acquiring recent technology, and product newness slightly increase the entrepreneurial growth ambition of the firm, and that financial capital positively moderates the impact of product newness and recent technology on growth aspirations. Besides this, we show that the interaction effect of financial capital with low competition and export activity on their growth aspirations is not crucial, and business angles tend to finance, primarily when the firm exports new products and services are facing a reduced number of competitors.

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The Impact of Entrepreneurial Universities on Regional Growth: a Local Intellectual Capital Perspective

Cited by 46 publications

References 17 publications

Academic spinoffs as a value driver for intellectual capital: the case of the University of Pisa

Academic spinoffs as a value driver for intellectual capital: the case of the University of Pisa

Along the Pathway of University Missions

Product Newness, Low Competition, Recent Technology, and Export Orientation as Predictors for Entrepreneurial Growth Aspirations

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