Disagreements and intra-industry spinoffs

Steven Klepper and Peter Thompson ()

International Journal of Industrial Organization, 2010, vol. 28, issue 5, 526-538

Abstract: A growing empirical literature on spinoff formation has begun to reveal some striking regularities about which firms are most likely to spawn spinoffs, when they are most likely to spawn them, and the relationship between the quality of the parent firm and its spinoffs. Deeper investigations into the causes of spinoffs have highlighted the importance of strategic disagreements in driving some employees to resign and found a new venture. Motivated by this literature, we construct a new theory of spinoff formation driven by strategic disagreements and explore how well it explains the emerging empirical regularities.

Keywords: Spinoffs; Learning; Strategic; disagreement (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (98)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:indorg:v:28:y:2010:i:5:p:526-538

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