Entrepreneurial Spawning and Firm Characteristics

Michel A. Habib, Ulrich Hege and Pierre Mella-Barral
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Michel A. Habib: Swiss Finance Institute, University of Zurich

Working Papers from University of Pennsylvania, Wharton School, Weiss Center

Abstract: We analyze the implications of entrepreneurial spawning for a variety of firm characteristics such as size, focus, profitability, and innovativeness. We examine the dynamics of spawning over time. Our model accounts for much of the empirical evidence relating to the relation between spawning and firm characteristics. Firms that have higher patent quality spawn more, as do firms that have higher knowhow. Older firms spawn less; they are more diversified and less profitable. Spawning frequency, focus, and profitability are positively related where spawning is driven by the value of organizational fit; they are negatively related with firm size.

JEL-codes: L25 M13 O31 O33 (search for similar items in EconPapers)
Date: 2011-01
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Related works:
Journal Article: Entrepreneurial Spawning and Firm Characteristics (2013)
Working Paper: Entrepreneurial Spawning and Firm Characteristics (2013)
Working Paper: Entrepreneurial Spawning and Firm Characteristics (2013)
Working Paper: Entrepreneurial Spawning and Firm Characteristics (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:ecl:upafin:11-30

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