The peripheral halo effect: : do academic spinoffs influence universities' research income?

• Autores: Konstantinos Pitsakis, Vangelis Souitaris, Nicos Nicolaou
• Localización: Journal of management studies, ISSN 0022-2380, Vol. 52, Nº 3, 2015, págs. 321-353
• Idioma: inglés
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• Resumen

  • 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.