Investigating the Effect of Factors on the Success of Academic Reproductive Companies (Case Study: the Companies of Isfahan Science & Technology Town)

factors on the success of academic reproductive companies with the moderating role of individual characteristics and the mediating role of reproductive company characteristics in the companies of Isfahan Scientific and Research Town. This study is practical in purpose and is a descriptive-survey one the from research methodology perspective. The statistical population consists of all companies established in the Isfahan Scientific and Research Town. The population consists of 256 companies. A sample of 148 companies was selected. The sample size was determined through the Morgan Sampling Table. The sample members were selected randomly. In order to collect the research data, a researcher-developed questionnaire was developed. The questionnaire consists of 45 questions. The validity of questionnaire was measured through both content and construct validity. Also the reliability of questionnaire was measured through Cronbach’s Alpha Coefficient. The coefficient was 0.916 which confirms the reliability of the questionnaire. The research data were analyzed through Structural Equation Modeling (SEM) in the Smart-PLS. The findings revealed that factors like the governmental rules, parent universities, and regions affect the company success. Another part of the findings showed that the individual characteristics of the founders did not play any mediating role in the relationship between environmental factors and company success. Finally, the findings indicated that the reproductive features of the company have a moderating effect in the relationship between environmental factors and company success.