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R&D strategies and Entrepreneurial Spawning
Blekinge Institute of Technology, Faculty of Engineering, Department of Industrial Economics.
2012 (English)In: Research Policy, ISSN 0048-7333, E-ISSN 1873-7625, Vol. 41, no 1Article 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. By examining entrepreneurial ventures of ex-employees of firms with different R&D strategies three things emerge: First, firms with persistent R&D investments with a general superiority in sales, exports, productivity, profitability and wages are less likely to generate entrepreneurs than firm with temporary or no R&D investments. Second, start-ups from knowledge intensive business service (KIBS) 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 firm, indicating the importance of inherited related knowledge. The findings suggest that R&D intensive firms spur fewer entrepreneurs, but their entrepreneurial spawns tend to be of higher quality.

Place, publisher, year, edition, pages
Elsevier , 2012. Vol. 41, no 1
Keyword [en]
entrepreneurship, self-employment, R&D strategy, innovation, new firms, spinoff, spin-out
National Category
Economics
Identifiers
URN: urn:nbn:se:bth-6695DOI: 10.1016/j.respol.2011.08.005Local ID: oai:bth.se:forskinfoB1BF3A2C70A05BC5C1257CE40061570AOAI: oai:DiVA.org:bth-6695DiVA: diva2:834226
Note

http://www.kth.se/dokument/itm/cesis/CESISWP228.pdf

Available from: 2014-06-05 Created: 2014-05-26 Last updated: 2017-04-04Bibliographically approved

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CiteExportLink to record
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Citation style
  • apa
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More styles
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