Czarnitzki, Dirk; Rammer, Christian; Toole, Andrew - In: Small Business Economics 43 (2014) 2, pp. 309-326
larger stream of social benefits than industry start-ups, a performance premium. This paper outlines the arguments explaining … the existence of a performance premium using a sample of German start-up companies. We find that university spin …-offs exhibit a performance premium of 3.4 % points higher employment growth over industry start-ups. The analysis also shows that …