Spinoffs in Germany: characteristics, survival, and the role of their parents

Fackler, Daniel; Schnabel, Claus; Schmucker, Alexandra

doi:10.1007/s11187-015-9673-x

Cited by 25 publications

(36 citation statements)

References 39 publications

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“…These results were similar to that of Eriksson and Kuhn (2006) in their study of Danish firms, who found that pulled spinoffs have substantially lower risks of exit. Similar findings can be found in more recent studies for firms in Italy (Furlan 2016) and Germany (Fackler and Schnabel 2016). Furthermore, both Andersson and Klepper (2013) and Eriksson and Kuhn (2006) find that the advantages associated with being a pulled spinoff persist for many years after birth.…”

Section: An Evolutionary Framework Of Industrial Clusterssupporting

confidence: 88%

Networks, geography and the survival of the firm

Bagley

2019

J Evol Econ

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Prior studies show that the success of firms in industrial clusters is the result of two main reasons; the transfer of knowledge and routines from parent firms to spinoffs that locate in the same locality, and the returns from co-location of firms. While previous research has largely inferred the presence of parent-spinoff networks, few studies have measured them. Furthermore, the lack of geographic precision has led to conflicting results for evidence of returns from location, as the gains from geographic proximity may not always be linear. This paper introduces network measurement and a refined geographic measure to separate these two respective channels of knowledge transfer, and analyzes their impact on firm survival (as a proxy for firm success). It is found that the gains with respect to location are nonlinear. Furthermore, a firm's historical links formed through parent-spinoff linkages have a significant impact on survival, which differ depending on the motivations of the entrepreneur. Moreover, these channels of knowledge are complementary in nature.

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Section: An Evolutionary Framework Of Industrial Clusterssupporting

confidence: 88%

Networks, geography and the survival of the firm

Bagley

2019

J Evol Econ

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“…Following earlier spin-off literature (e.g., Agarwal et al, 2004Agarwal et al, , 2016Dahl and Sorenson, 2014;Eriksson and Kuhn, 2006;Fackler et al, 2016;Muendler et al, 2012), our hypotheses pertain to firm survival, which captures more accurately the primary objective of new organizations. Yet, we acknowledge that a firm's long longevity does not necessarily imply a high performance.…”

Section: Is Firm Survival Equivalent To Firm Performance?mentioning

confidence: 99%

“…Both groups of start-ups account for a sizeable share of all new businesses and jobs created every year (Rocha et al, 2015a). Other advanced economies in Europe (e.g., Denmark, Germany, Sweden) also document a non-negligible presence of pushed spin-offs in their total annual start up activity (e.g., Andersson and Klepper, 2013;Eriksson and Kuhn, 2006;Fackler et al, 2016).…”

Section: Empirical Settingmentioning

confidence: 99%

Leaving Employment to Entrepreneurship: The Value of Co‐worker Mobility in Pushed and Pulled‐Driven Start‐ups

Rocha

Carneiro

Varum

2017

J Management Studies

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By combining insights from the widespread research on entrepreneurial spin-offs and from the emerging literature on hiring choices in start-ups, we investigate the role of co-worker mobility in pushed and pulled spin-off survival. Using rich register data and a multi-stage model addressing self-selection and endogeneity issues, we cover 28,353 spin-offs launched between 1992 and 2007. We find that spin-offs hiring co-workers from the parent firm survive longer. This survival bonus is greater in pushed-driven start-ups. We investigate two different mechanisms through which co-worker mobility may improve spin-off survival -knowledge transfer and reduced searching costs. While both mechanisms play a role in explaining the survival bonus in pulled spin-offs, co-worker mobility seems to help pushed spin-offs to survive mostly by reducing initial recruitment costs. This work provides novel insights on the role of context surrounding new venture creation and inter-firm labour mobility.

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“…Rasmussen and Wright (2015) states that universities can supply support for the development of fi rm competencies either directly or indirectly. Spin-off survival depends on the quality and size of their parent companies (Fackler et al, 2016), technology transfer activities, normative frameworks, support infrastructures (i.e., business incubators and science parks), and TTO staff 's specialist technical skills (Berbegal-Mirabent et al, 2015;Ramaciotti and Rizzo, 2015;Fernández-Alles et al, 2015, Fini et al, 2011Bolzani et al, 2014;). Slavtchev and Göktepe-Hultén (2016) conclude that support in the early stage by the parent organization like helping in development of a business plan and in acquiring external capital can speed up commercialization.…”

Section: Literature Reviewmentioning

confidence: 99%

Commercialization of Green Technologies: an Exploratory Literature Review

Mukhtarova¹,

Trifilova²,

Zhidebekkyzy³

2016

Journal of International Studies

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Abstract. Technology and innovation are viewed as triggers in the move towards greener economy. Commercialisation of green technologies does not only provide the key drivers for economic growth but are also essential for the world to be sustainable. Th e central idea of this paper is to address the query of what is known about green technological outputs. In particular, we look at the existing body of literature related to commercialization of green technologies, identifying the most active scholars, journals and relevant publications. Th e paper provides some answers to the questions of top journals with the papers related to commercialization of green technology, a number of articles with the highest number of citations, or the list of countries with the most of studies in green technologies. Th e paper has both academic and policy-making value . From the academic perspective the study identifi es the scholars who have contributed most to the research on commercialisation of green technologies. For policy-makers, this paper is a report on the existing practices and positive experience in responsible leadership. Additionally for practitioners, the study shows which subject areas create profi table growth in compliance with environmental sustainability and good corporate citizenship.

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Spinoffs in Germany: characteristics, survival, and the role of their parents

Cited by 25 publications

References 39 publications

Networks, geography and the survival of the firm

Networks, geography and the survival of the firm

Leaving Employment to Entrepreneurship: The Value of Co‐worker Mobility in Pushed and Pulled‐Driven Start‐ups

Commercialization of Green Technologies: an Exploratory Literature Review

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