The role of innovation in value creation after spin-off in the USA

Mina Lee, Thomas H. Brush and Jungpil Hahn

International Journal of Business and Globalisation, 2010, vol. 5, issue 1, 63-79

Abstract: This paper suggests a model of value creation during the US spin-off process. While it is a well-known fact that the post-spin-off performance is in general positive, the reason for the performance is still unclear. Based on previous research, we suggest that the parent firm would experience better performance after spin-off. We also suggest that the spin-off would experience better performance vis-a-vis benchmark, due to their innovative activity. We argue that the innovation after spin-off would be the key to explain the relationship between spin-off event and post-spin-off performance.

Keywords: spin-offs; innovation; value creation; United States; USA; parent firms; benchmarks; post-spin-off performance; innovative learning; globalisation; global entrepreneurship; entrepreneurs. (search for similar items in EconPapers)
Date: 2010
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