Job machine, think tank, or both : what makes corporate spinoffs different?
Fryges, Helmut
;
Müller, Bettina
;
Niefert, Michaela
URL:
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https://ub-madoc.bib.uni-mannheim.de/35247
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URN:
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urn:nbn:de:bsz:180-madoc-352477
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Dokumenttyp:
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Arbeitspapier
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Erscheinungsjahr:
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2013
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Titel einer Zeitschrift oder einer Reihe:
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ZEW Discussion Papers
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Band/Volume:
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13-093
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Ort der Veröffentlichung:
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Mannheim
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Sprache der Veröffentlichung:
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Englisch
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Einrichtung:
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Sonstige Einrichtungen > ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
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MADOC-Schriftenreihe:
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Veröffentlichungen des ZEW (Leibniz-Zentrum für Europäische Wirtschaftsforschung) > ZEW Discussion Papers
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Fachgebiet:
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330 Wirtschaft
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Fachklassifikation:
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JEL:
L26 , L25 , O31 , C21,
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Freie Schlagwörter (Englisch):
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Knowledge and technology transfer , corporate spinoffs , propensity score matching , KfW/ZEW Start-Up Panel
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Abstract:
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One way through which knowledge and technology transfer can take place is through
the foundation of new firms by former employees of incumbent private firms. In this paper, we examine
whether knowledge transferred from the incumbent causally affect employment growth and postentry
innovation activities of the new firm. We focus on start-ups for which a new idea (a new product,
technology, production process or management concept), which the founder developed during her
work as an employee, was essential for setting up the new business. These firms are denoted corporate
spinoffs. Using data from German start-ups founded in the period from 2005 to 2008, we apply nearest
neighbour propensity score matching. We find that corporate spinoffs outperform other start-ups
founded by former employees of incumbent private firms that are not based on an essential idea in
terms of post-entry innovation activities. However, we cannot show that corporate spinoffs benefit
from the transferred idea in terms of employment growth. We conclude that a transferred idea is primarily
an input factor and a stimulus for subsequent post-entry innovation activities of corporate
spinoffs.
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| Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt. |
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