University spin-offs creation in the Latin American region: An exploratory study
Journal of Entrepreneurship in Emerging Economies
ISSN: 2053-4604
Article publication date: 16 October 2018
Issue publication date: 8 November 2018
Abstract
Purpose
This paper aims to empirically explore the influence that different factors have on the creation of university spin-offs.
Design/methodology/approach
This is an exploratory study that uses a multilevel design. The study follows a purposive sampling method where data are gathered from a variety of sources. The hypotheses are tested with a sample of 52 universities from the Latin American region using multiple hierarchical regression analysis.
Findings
The results indicate that entrepreneurial orientation, incubators or entrepreneurship support programs and goods market efficiency are the factors that positively influence the creation of university spin-offs.
Research limitations/implications
The results of this study should be observed in light of some limitations. The sample size is an important factor, as a bigger sample could allow for examination of cross-institutional variation in the context of different countries. In addition, the lack of records or public databases makes it difficult to incorporate more information on spin-offs creation, including features or firm performance.
Originality/value
This study is the first to empirically explore the university spin-offs creation phenomenon in the Latin American region. Hence, it contributes to university entrepreneurship literature, specifically to better understand this phenomenon from a more holistic perspective across different levels of analysis at the same time that it incorporates previous proposals to explain entrepreneurial orientation at universities.
Keywords
Acknowledgements
The author would like to thank Ana Paola De Crescenzo, Fabiola Odriozola and Belén Meneses for their assistance in data collection and coding. The author would also like to thank Carlos Juárez for his helpful comments on earlier drafts of this paper. This paper benefited greatly from two anonymous reviewers.
Citation
Montiel-Campos, H. (2018), "University spin-offs creation in the Latin American region: An exploratory study", Journal of Entrepreneurship in Emerging Economies, Vol. 10 No. 3, pp. 386-408. https://doi.org/10.1108/JEEE-02-2018-0011
Publisher
:Emerald Publishing Limited
Copyright © 2018, Emerald Publishing Limited