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Sustainable university entrepreneurship: Revisiting firm growth patterns
Author(s) -
FernándezLópez Sara,
RodeiroPazos David,
RodríguezGulías María Jesús,
NogueiraMoreiras Manuel Anxo
Publication year - 2022
Publication title -
business strategy and the environment
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 2.123
H-Index - 105
eISSN - 1099-0836
pISSN - 0964-4733
DOI - 10.1002/bse.2957
Subject(s) - quantile regression , entrepreneurship , sample (material) , distribution (mathematics) , sustainable growth rate , panel data , quantile , economics , econometrics , regression analysis , demographic economics , statistics , mathematics , finance , mathematical analysis , chemistry , chromatography
Previous research on the firm growth of the university spin‐offs (USOs) and its drivers yields inconclusive results. Recently, the literature on the high‐growth firms (HGFs) has relied on regression quantile methods to study how the effects of growth determinants may differ along the firm growth distribution. This study builds a bridge between the two strands of literature by exploring how firm‐specific characteristics may shape sales and employment growth patterns of USOs. To this end, it applies panel data quantile regression models in a sample of 531 Spanish USOs over the period of 2001–2013. The results show that the growth drivers not only differ between employment growth and sales growth but also along the growth distributions.