Where Do Spin-Offs Come From? Start-Up Conditions and the Survival of Pushed and Pulled Spin-Offs

Vera Rocha, Anabela Carneiro and Celeste Varum ()
Additional contact information
Celeste Varum: Universidade de Aveiro, GOVCOPP, and DEGEI

Chapter Chapter 6 in Entrepreneurship, Human Capital, and Regional Development, 2015, pp 93-122 from Springer

Abstract: Abstract Although previous research shows that spin-offs are among the most successful firms in an industry, outperforming de novo entrants, few studies consider the heterogeneity of corporate spin-offs in relation to firm performance or survival. Against this backdrop, the objective of the present chapter is twofold. First, this study aims to add to our knowledge on the relationship between spin-off type and firm survival using a comprehensive matched employer-employee dataset from Portugal. After controlling for their different start-up conditions—namely regarding initial hiring schemes, business-owners’ characteristics, and the industrial and geographical relatedness to the parent firm—and a set of firm, industry, and macroeconomic characteristics, we found no significant survival differences between opportunity and necessity spin-offs. Second, based on the findings, we suggest that necessity spin-offs have not received the attention they deserve. Not only do necessity spin-offs perform an important role in the dynamics of competitive markets, by offering a possible solution for recently displaced individuals, but they also create new jobs and help to prevent the depreciation of workers’ human capital.

Keywords: Corporate spin-offs; Entrepreneurship; Firm survival; Displacement; Labor mobility; Human capital (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations: View citations in EconPapers (1)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:inschp:978-3-319-12871-9_6

Ordering information: This item can be ordered from
http://www.springer.com/9783319128719

DOI: 10.1007/978-3-319-12871-9_6

Access Statistics for this chapter

More chapters in International Studies in Entrepreneurship from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().