Do the Innovation Index of the Regions and the Sectors of Belonging Affect the Performance of the ASOs?

The considerable economic contribution of academic spin-offs (ASOs) has drawn numerous scholars’ attention to explore the factors that influence their development (Hossinger, 2020). The growing attention on these issues has led researchers to investigate the drivers and success factors that have the greatest impact on the performance of ASOs.This paper has been designed with a dual purpose. On the one hand, the document aims to examine how much a region's innovation index reflects positively on the performance of ASOs. On the other hand, the paper also examines in which sectors the impact of innovation on the performance of ASOs emerges most. The research hypotheses of these paintings were explored in an empirical study of 1,007 Italian spin-offs over a time range from 2010 to 2019. To carry out the analysis, a panel model with fixed effects was used, with an unbalanced dataset