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1.
《Technovation》2020
University spin-offs are important mechanisms for creating and capturing value from scientific inventions. Academic scientists are uniquely positioned to shape such opportunities long before the university spin-off is founded. To better understand how science-based university spin-offs can be endowed for success, the pre-formation stage of 30 ventures co-founded over a 40 year period by a star-scientist-entrepreneur is analysed by matching his 363 co-invented US patents granted to 1476 co-authored publications and these 30 ventures. Employing the extended case method, including the analysis of extensive archival data, iterative interviews, and this unique, longitudinal, multi-level dataset, existing dynamic capabilities theory is confronted and extended with evidence as to how a star-scientist-entrepreneur senses and shapes and seizes opportunities to endow university spin-offs pre-formation. A process model is developed depicting four pre-formation entrepreneurial capabilities with which these science-based university spin-offs are endowed for success. Recommendations are made for scientist-entrepreneurs, investors, university leadership, and for innovation policymakers. 相似文献
2.
This study recognizes explicitly the efficiency gain or loss as a source in explaining the growth. A theoretically consistent
method to estimate the decomposition of dynamic total factor productivity growth (TFP) in the presence of inefficiency is
developed which is constructed from an extension of the dynamic TFP growth, adjusted for deviations from the long-run equilibrium
within an adjustment-cost framework. The empirical case study is to U.S. electric utilities, which provides a measure to evaluate
how different electric utilities participate in the deregulation of electricity generation. TFP grew by 2.26% per annum with
growth attributed to the combined scale effects of 0.34%, the combined efficiency effects of 0.69%, and the technical change
effect of 1.22%. The dynamic TFP grew by 1.66% per annum for electric utilities located within states with the deregulation
plan and 3.30% per annum for those located outside. Electric utilities located within states with the deregulation plan increased
the outputs by improving technical and input allocative efficiencies more than those located outside of states with deregulation
plans.
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Spiro E. StefanouEmail: |