Where Do Spin-Offs Come From? Start-Up Conditions and the Survival of Pushed and Pulled Spin-Offs

Vera Rocha, Anabela Carneiro, Celeste Varum

    Publikation: Bidrag til bog/antologi/rapportBidrag til bog/antologiForskningpeer review

    Abstrakt

    Although previous research shows that spin-offs are among the most successful firms in an industry, outperforming de novo entrants, few studies consider the heterogeneity of corporate spin-offs in relation to firm performance or survival. Against this backdrop, the objective of the present chapter is twofold. First, this study aims to add to our knowledge on the relationship between spin-off type and firm survival using a comprehensive matched employer-employee dataset from Portugal. After controlling for their different start-up conditions—namely regarding initial hiring schemes, business-owners’ characteristics, and the industrial and geographical relatedness to the parent firm—and a set of firm, industry, and macroeconomic characteristics, we found no significant survival differences between opportunity and necessity spin-offs. Second, based on the findings, we suggest that necessity spin-offs have not received the attention they deserve. Not only do necessity spin-offs perform an important role in the dynamics of competitive markets, by offering a possible solution for recently displaced individuals, but they also create new jobs and help to prevent the depreciation of workers’ human capital.
    OriginalsprogEngelsk
    TitelEntrepreneurship, Human Capital, and Regional Development : Labor Networks, Knowledge Flows, and Industry Growth
    RedaktørerRui Baptista, João Leitão
    ForlagSpringer Science+Business Media
    Publikationsdato2015
    Sider93-122
    Kapitel6
    ISBN (Trykt)9783319128702
    ISBN (Elektronisk)9783319128719
    DOI
    StatusUdgivet - 2015
    NavnInternational Studies in Entrepreneurship
    Vol/bind31
    ISSN1572-1922

    Emneord

    • Corporate spin-offs
    • Entrepreneurship
    • Firm survival
    • Displacement
    • Labor mobility
    • Human capital

    Citationsformater