Does team diversity really matter? The connection between networks, access to financial resources, and performance in the context of university spin-offs

Petra Moog · Christian Soost

24 citations0/0 files storedSmall Business Economics

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Entrepreneurship Studies and Influences Innovation and Knowledge Management Team Dynamics and Performance

Abstract

Abstract University spin-offs (USOs) are an important driver for innovation, along with economic and social development. Hence, understanding which factors help them perform successfully is crucial, especially regarding their peculiarities in a scientific environment. This study focuses on essential factors such as team composition and diversity in USOs in the biotech sector in 64 founding teams in Switzerland and Germany. By identifying the team composition, and going beyond the usual team characteristics, along with checking in parallel for network and financing effects, the paper adds empirical evidence to the ongoing debate if and how team diversity in USOs affects the performance of this special group of newly founded firms. We test our hypotheses with the partial least squares method (PLS). Our results from the mediation model show how the diversity of teams is related to networks and financial resources and affects the performance. In addition, our study reveals the direct and indirect effects of team diversity on success in USOs. This way we contribute to the ongoing discussion on performance investigating the sources of team effects more in detail.

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References

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2021A nonlinear relationship between the team composition and performance in university spin-offs 2024Make it work - The challenge to diversity in entrepreneurial teams: A configurational perspective 2023Process and variance research: Integrating research on university spinoff evolution 2022The question of where: entrepreneurship education beyond curricular practices

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