Are traditional industrial partnerships so strategic for research spin-off development? Some evidence from the Italian case
Résumé
This paper aims to contribute to the literature on research spin-offs and strategic alliances. The research spin-off phenomenon has attracted significant attention in recent years. Yet research spin-offs might present a particular situation regarding their economic development. Therefore, the paper focuses on the relevance of traditional industrial partnerships and introduces a new and complementary approach for studying and analysing the role of alliances for this particular kind of firm. The results of a questionnaire investigation of Italian research spin-offs with and without a traditional industrial partner are investigated and supported by a linear regression model. Due to recent initiatives-a growing interest in the research spin-off phenomenon-and the increasing number of established research spin-offs, Italy is a suitable case-study for such an investigation. Nonetheless, the results are generalizable beyond the Italian case. The findings demonstrate thought-provoking-and somehow unexpected-results regarding the role of traditional alliances in shaping the geographical and industrial environment as well as the performance, added value, age, and production process of the company. This calls for a broader perspective regarding industrial partnerships and research spin-offs: it reflects new modes of relations for these particular firms in the form of business ecosystems, either they are physical or digital. JEL Codes: O3; L2
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