Sustainable university entrepreneurship: revisiting firm growth patterns
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Abstract
Previous research on the firm growth of the university spin-offs (USOs) and itsdrivers yields inconclusive results. Recently, the literature on the high-growth firms(HGFs) has relied on regression quantile methods to study how the effects of growthdeterminants may differ along the firm growth distribution. This study builds a bridgebetween the two strands of literature by exploring how firm-specific characteristicsmay shape sales and employment growth patterns of USOs. To this end, it appliespanel data quantile regression models in a sample of 531 Spanish USOs over theperiod of 2001–2013. The results show that the growth drivers not only differbetween employment growth and sales growth but also along the growthdistributions
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Business Strategy and the Environment, 31(4), 1334–1346. https://doi.org/10.1002/bse.2957
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This is an open access article under the terms of the Creative Commons Attribution-NonCommercial-NoDerivs License, which permits use and distribution in any medium, provided the original work is properly cited, the use is non-commercial and no modifications or adaptations are made. © 2021 The Authors. Business Strategy and The Environment published by ERP Environment and John Wiley & Sons Ltd.