The Peripheral Halo Effect: Do Academic Spinoffs Influence Universities' Research Income?

Item Type Journal paper
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.

Authors Pitsakis, Konstantinos; Souitaris, Vangelis & Nicolaou, Nicos
Journal or Publication Title Journal of Management Studies
Language English
Subjects business studies
HSG Classification contribution to scientific community
HSG Profile Area Global Center for Entrepreneurship + Innovation
Refereed Yes
Date May 2015
Publisher Blackwell Publishing Limited
Volume 52
Number 3
Page Range 321-353
ISSN 0022-2380
Official URL https://doi.org/10.1111/joms.12119
Depositing User Prof. PhD Vangelis Souitaris
Date Deposited 15 Oct 2018 14:56
Last Modified 15 Oct 2018 14:56
URI: https://www.alexandria.unisg.ch/publications/255329

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Citation

Pitsakis, Konstantinos; Souitaris, Vangelis & Nicolaou, Nicos (2015) The Peripheral Halo Effect: Do Academic Spinoffs Influence Universities' Research Income? Journal of Management Studies, 52 (3). 321-353. ISSN 0022-2380

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https://www.alexandria.unisg.ch/id/eprint/255329
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