Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/289110 
Year of Publication: 
2020
Citation: 
[Journal:] Small Business Economics [ISSN:] 1573-0913 [Volume:] 58 [Issue:] 1 [Publisher:] Springer US [Place:] New York, NY [Year:] 2020 [Pages:] 323-351
Publisher: 
Springer US, New York, NY
Abstract: 
University spin-offs (USOs) are an important driver for innovation, along with economic and social development. Hence, understanding which factors help them perform successfully is crucial, especially regarding their peculiarities in a scientific environment. This study focuses on essential factors such as team composition and diversity in USOs in the biotech sector in 64 founding teams in Switzerland and Germany. By identifying the team composition, and going beyond the usual team characteristics, along with checking in parallel for network and financing effects, the paper adds empirical evidence to the ongoing debate if and how team diversity in USOs affects the performance of this special group of newly founded firms. We test our hypotheses with the partial least squares method (PLS). Our results from the mediation model show how the diversity of teams is related to networks and financial resources and affects the performance. In addition, our study reveals the direct and indirect effects of team diversity on success in USOs. This way we contribute to the ongoing discussion on performance investigating the sources of team effects more in detail.
Subjects: 
Team composition
Team diversity
Entrepreneurship
Financing
Networks
Performance
JEL: 
L26
M13
L65
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article
Document Version: 
Published Version

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.