Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/29638 
Year of Publication: 
2009
Series/Report no.: 
ZEW Discussion Papers No. 09-087
Publisher: 
Zentrum für Europäische Wirtschaftsforschung (ZEW), Mannheim
Abstract: 
Does heterogeneity in the educational backgrounds of the founders matter for firm success? Are team foundations more successful than single entrepreneurs? These questions are analysed using data on academic spinoffs in Germany. Firm success is measured by employment growth. I find that team foundations have higher employment growth than single entrepreneurs. Team foundations of engineers perform better when they have a business scientist in the team. However, different subjects per se and heterogeneity in the academic origins of the founders do not play a significant role for the employment growth of academic spinoffs.
Subjects: 
human capital
entrepreneurship
academic spinoffs
employment growth
JEL: 
C12
L25
M13
Document Type: 
Working Paper

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