The effect of entrepreneurial origin on firms’ performance: the case of Portuguese academic spinoffs
比较葡萄牙学术衍生企业与非学术衍生企业的绩效，发现学术衍生企业通过资源积累和国际化实现增长，但未转化为生产力优势，其经济价值贡献有限。
Abstract We investigate the role of entrepreneurial origin on firms’ performance by comparing academic spinoff firms with their non-academic counterparts. Academic spinoffs grow through resources accumulation and internationalization; yet they do not translate these advantages into productivity gains. The access to upstream complementary resources appears to play a chief role in explaining the academic spinoffs’ superior performance. Academic spinoffs are contributing to economic development by creating new jobs, but their relevance as a source of sustained economic value is limited so far.