The survival of family-firm spawns
(English)Manuscript (preprint) (Other academic)
We analyze whether entrepreneurial spawns from family firms are more likely to survive than spawns from non-family firms. Using a matched employer employee panel data set, we find that entrepreneurial spawns from family firms survive longer than spawns from non-family firms. To mitigate endogeneity concerns, we used a two-stage model for self-selection into spawning and implemented coarsened exact matching to compare more closely aligned treatment (family parent) and control (non-family parent) samples. We further show that entrepreneurial spawns from family firms survive longer when located closer to the parent firm and when the founder had longer tenure at the parent firm.
IdentifiersURN: urn:nbn:se:hj:diva-31930OAI: oai:DiVA.org:hj-31930DiVA: diva2:1033274
An earlier version of this paper has been presented at the Strategic Management Society (SMS) Annual Meeting in Madrid (Spain) in 2014 under the title ‘Back to the roots: Inherited ownership effects and spawns’ performance’ with Mattias Nordqvist.2016-10-062016-10-062016-10-06Bibliographically approved