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The Peripheral Halo Effect: Do Academic Spinoffs Influence Universities' Research Income?
Journal
Journal of Management Studies
ISSN
0022-2380
Type
journal article
Date Issued
2015-05
Author(s)
Abstract (De)
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.
Language
English
HSG Classification
contribution to scientific community
HSG Profile Area
Global Center for Entrepreneurship + Innovation
Refereed
Yes
Publisher
Blackwell Publishing Limited
Volume
52
Number
3
Start page
321
End page
353
Official URL
Subject(s)
Division(s)
Eprints ID
255329