The authors consider the managerial and policy implications of the rise of spin-offs at public research institutions, based on a knowledge-based view of the firm. This framework highlights the importance of knowledge in the creation and development of spin-offs.
Link
http://www.sciencedirect.com/science/article/B6V77-4GK1GCM-3/2/ad1b3c35ea04764581428e3c548ecdb3