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    Financial performance studies of university spin-off companies in the West Midlands

    Jelfs, Peter and Lawton Smith, Helen (2021) Financial performance studies of university spin-off companies in the West Midlands. Journal of Technology Transfer 46 , pp. 1949-1972. ISSN 1573-7047.

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    Doubts remain over the true impact of university spin-offs (USOs), particularly those created outside elite research universities. This paper examines the financial performance of USOs from a single UK post-industrial region, the West Midlands within the framework of signalling theory. It adds to the existing literature on USO performance at company level, a currently under-represented topic, despite the attention and funding devoted to USOs by UK policymakers. By considering a single region, it brings new insight into the regional context of USOs. Key results of the study are a correlation between research strength of a university and ability of its USOs to attract external finance, but a lack of successful exits across the whole region.


    Item Type: Article
    Keyword(s) / Subject(s): University spin-offs, West Midlands, signalling theory, regional development
    School: Birkbeck Faculties and Schools > Faculty of Business and Law > Birkbeck Business School
    Research Centres and Institutes: Innovation Management Research, Birkbeck Centre for
    Depositing User: Helen Lawton Smith
    Date Deposited: 19 Nov 2020 17:23
    Last Modified: 02 Aug 2023 18:05


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