Patenting and Entrepreneurial Spawning: An Innovation Strategy Approach

Hans Lööf (), Pardis Nabavi and Navid Bazzazian ()
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Navid Bazzazian: Strategy and Business Policy, HEC, Paris

No 282, Working Paper Series in Economics and Institutions of Innovation from Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies

Abstract: This paper analyzes how different innovation-strategies of incumbent firms affect the quality of their entrepreneurial spawns. Using a novel data set that combines employer-employee micro data from Sweden with firm level patent application data files for the period 1997-2008, three types of incumbent firms are distinguished: firms that are engaged in innovation activities persistently, occasionally and not at all. The analysis shows only weak indication that the chance of survival for a new firm can be linked back to the innovation strategy of the parent firm. In contrast, there is strong evidence that employee start-ups from persistent innovators are more productive during their first five years on the market than other spin-offs, everything else equal.

Keywords: Innovation; Patent; Spinoff; Survival; Productivity (search for similar items in EconPapers)
JEL-codes: C24 L26 M13 O31 O32 (search for similar items in EconPapers)
Pages: 38 pages
Date: 2012-09-17, Revised 2012-12-14
New Economics Papers: this item is included in nep-com, nep-cse, nep-ent, nep-ino, nep-ipr, nep-pr~, nep-sbm and nep-tid
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Persistent link: https://EconPapers.repec.org/RePEc:hhs:cesisp:0282

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