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R&D strategies and entrepreneurial spawning
Jönköping University, Jönköping International Business School, JIBS, Economics, Finance and Statistics. Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership. Royal Inst Technol KTH, Ctr Excellence Sci & Innovat Studies CESIS, SE-10044 Stockholm, Sweden .
Nordregio, Nord Ctr Spatial Dev, Stockholm, Sweden.
Royal Inst Technol KTH, Ctr Excellence Sci & Innovat Studies CESIS, SE-10044 Stockholm, Sweden .
2012 (English)In: Research Policy, ISSN 0048-7333, E-ISSN 1873-7625, Vol. 41, no 1, 54-68 p.Article in journal (Refereed) Published
Abstract [en]

This paper analyzes how different R&D strategies of incumbent firms affect the quantity and quality of their entrepreneurial spawning. When examining entrepreneurial ventures of ex-employees of firms with different R&D strategies, three things emerge: First, firms with persistent R&D investments and a general superiority in sales, exports, productivity, profitability and wages are less likely to generate entrepreneurs than firms with temporary or no R&D investments. Second, start-ups from knowledge intensive business service (RIBS) firms with persistent R&D investments have a significantly increased probability of survival. No corresponding association between the R&D strategies of incumbents and survival of entrepreneurial spawns is found for incumbents in manufacturing sectors. Third, spin-outs from KIBS-firms are more likely to survive if they start in the same sector, indicating the importance of inherited knowledge. These findings suggest that R&D intensive firms are less likely to generate employee start-ups, but their entrepreneurial spawns tend to be of higher quality. (C) 2011 Elsevier B.V. All rights reserved.

Place, publisher, year, edition, pages
2012. Vol. 41, no 1, 54-68 p.
Keyword [en]
Entrepreneurship, Self-employment, R&D strategy, Innovation, New firms, Spin-off
National Category
Economics and Business
Identifiers
URN: urn:nbn:se:hj:diva-22034DOI: 10.1016/j.respol.2011.08.005ISI: 000298909700005OAI: oai:DiVA.org:hj-22034DiVA: diva2:650981
Available from: 2013-09-24 Created: 2013-09-24 Last updated: 2013-09-24Bibliographically approved

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CiteExportLink to record
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Citation style
  • apa
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