Do parent organizations influence R&D decisions of academic spin-offs? |
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Authors: | Chen Zhao Feng Feng |
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Institution: | School of Management, University of Science and Technology of China, Hefei, China |
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Abstract: | Research on academic spin-offs (ASOs) usually focused on their economic performance, but there was a lack of discussion on the decision-making grounds of enterprise behaviors. This study analyzes the influence of parent organizations on R&D investment of ASOs through listed high-tech enterprises in China. It is found that ASOs controlled by the parent organizations have a higher R&D investment. With the organizational imprinting theory and signaling theory, we attempt to attribute the R&D tendency to the higher financing efficiency and government subsidies. The conclusions provide a new inspiration and explanation the inherent logic of ASOs' active participation in innovation activities. |
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