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The peripheral halo effect : do academic spinoffs influence universities' research income?
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Pitsakis, Konstantino, Souitaris, Vangelis and Nicolaou, Nicos (2015) The peripheral halo effect : do academic spinoffs influence universities' research income? Journal of Management Studies, Volume 52 (Number 3). pp. 321-353. doi:10.1111/joms.12119 ISSN 0022-2380.
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Official URL: http://dx.doi.org/10.1111/joms.12119
Abstract
Extant literature has drawn attention to the ‘halo effect’ of the good reputation of a core organizational activity on the outcome of a peripheral activity. We contribute to the literature on organizational reputation by illustrating a halo effect in the opposite direction – from the periphery to the core. We show that developing a reputation for a peripheral activity (in our context, universities’ social impact via spinoffs) may have positive spillovers for core organizational activities (in our context, university research), a phenomenon we term the ‘peripheral halo effect’. We also show that this effect is more prominent for high-status than for low-status organizations. Our research also contributes to the academic-entrepreneurship literature by revealing that spinoff portfolios can generate income for universities not only directly via equity positions but also indirectly via reputational benefits.
Item Type: | Journal Article | ||||||||
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Divisions: | Faculty of Social Sciences > Warwick Business School | ||||||||
Journal or Publication Title: | Journal of Management Studies | ||||||||
Publisher: | Wiley-Blackwell Publishing Ltd. | ||||||||
ISSN: | 0022-2380 | ||||||||
Official Date: | 2015 | ||||||||
Dates: |
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Volume: | Volume 52 | ||||||||
Number: | Number 3 | ||||||||
Page Range: | pp. 321-353 | ||||||||
DOI: | 10.1111/joms.12119 | ||||||||
Status: | Peer Reviewed | ||||||||
Publication Status: | Published | ||||||||
Access rights to Published version: | Restricted or Subscription Access |
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