Policy and institutions facilitating entrepreneurial spin-offs: USA, Asia and Europe
| Pages | 186-196 |
| DOI | https://doi.org/10.1108/JEPP-04-2013-0013 |
| Date | 14 October 2014 |
| Published date | 14 October 2014 |
| Author | Rosa Caiazza,David Audretsch,Tiziana Volpe,Julie Debra Singer |
| Subject Matter | Strategy,Entrepreneurship,Business climate/policy |
Policy and institutions facilitating
entrepreneurial spin-offs:
USA, Asia and Europe
Rosa Caiazza
Dipartimento di Studi Aziendali e Quantitativi,
Parthenope University of Naples, Napoli, Italy
David Audretsch
Insititute of Development Strategies, Indiana University,
Bloomington, Indiana, USA
Tiziana Volpe
National Research Council (CNR),
Institute for Service Industry Research (IRAT), Naples, Italy, and
Julie Debra Singer
Institute of Development Strategies, Indiana University,
Bloomington, Indiana, USA
Abstract
Purpose – Existing work documents the role that institutional setting plays in the process of spin-off
creation. However, despite decades of studies, scholars have not clearly explained why some regions
are more involved in spin-off activity than others. Drawing from institutional theory, the purpose
of this paper is to compare different institutional settings identifying factors affecting the general
environment capability to support spin-off activity of a specific region.
Design/methodology/approach – The authors utilize a cross-national analysis of American, Asian,
and European areas identifying factors affecting their different rate of spin-off activity. This study
contributes to the policy debate concerning entrepreneurship and how best to spur spin-off activities.
Findings – In this paper, the authors identify the general and specific factors that explain the
cross-national diversity in spin-off creation. The authors then perform an analysis of the impact of
these factors in various regions of the USA, Asia, and Europe, providing evidence for the necessity
of specific combinations of these factors.
Originality/value – The paper offers a new perspective on the causes of spin-offs through a
cross-national analysis of many areas around the world.
Keywords Policy, Development policy, Globalization
Paper type Conceptual paper
Introduction
There is a growinginterest among policy makers and academics in transforming results
of research activities in economic products through new firm creation. A spin-off is a
newly createdfirm based upon business ideas developedwithin its parent firm or public
research institution (PRI). Literature has evidencedmany factors affecting thesuccess of
spin-offs created by PRIs and private firms (Caiazza, 2012). These factors can interact
reciprocally, causing some regions of the world to become more dynamic in
spin-off activity than others. In the rush to stimulate spin-off activity, policy makers
often relyon the success stories and prescriptions documented in the literature.However,
internationalcomparative studies of spin-offsamong different areasof the world are rare.
The current issue and full text archive of this journal is available at
www.emeraldinsight.com/2045-2101.htm
Received 1 April 2013
Revised 31 May 2013
11 June 2013
Accepted 22 June 2013
Journal of Entrepreneurship and
Public Policy
Vol. 3 No. 2, 2014
pp. 186-196
rEmeraldGroup PublishingLimited
2045-2101
DOI 10.1108/JEPP-04-2013-0013
186
JEPP
3,2
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