Don’t Step Into Your Parent’s Shoes – How Exploitation and Exploration Affect Spin-out Growth

Simon Heinrichs and Sascha Walter

EconStor Preprints from ZBW - Leibniz Information Centre for Economics

Abstract: This study examines how different organizational learning strategies (i.e., exploration or exploitation) impact the sales growth of technology spin-outs, and the role of the parent firm in this context. Using knowledge-based and learning views of the firm, we propose that spin-out performance benefits from exploration, but suffers from exploitation. Results based on a sample of 134 spin-outs support these arguments. Additionally, parent goodwill reinforced the positive effect of exploration, whereas high market similarity to the parent firm increased the negative effect of exploitation.

Keywords: Spin-outs (search for similar items in EconPapers)
JEL-codes: M13 (search for similar items in EconPapers)
Date: 2013
New Economics Papers: this item is included in nep-ent and nep-sbm
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:esprep:68591

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