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R&D strategies and Entrepreneurial Spawning
KTH, School of Industrial Engineering and Management (ITM), Industrial Economics and Management (Dept.), Economics (Closed (20130101). KTH, School of Industrial Engineering and Management (ITM), Centres, Centre of Excellence for Science and Innovation Studies, CESIS.ORCID iD: 0000-0002-5871-8571
KTH, School of Industrial Engineering and Management (ITM), Industrial Economics and Management (Dept.), Economics (Closed (20130101).
2010 (English)Report (Other academic)
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
CECIS, The Royal Institute of Technology , 2010. , 40 p.
Series
CESIS Working Paper Series in Economics and Institutions of Innovation, 228
Keyword [en]
entrepreneurship, self-employment, R&D strategy, innovation, new firms, spinoff
National Category
Economics
Identifiers
URN: urn:nbn:se:kth:diva-67417OAI: oai:DiVA.org:kth-67417DiVA: diva2:484923
Note

QC 20120131

Available from: 2012-01-31 Created: 2012-01-27 Last updated: 2015-06-25Bibliographically approved

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fulltext(744 kB)176 downloads
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Lööf, Hans

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Lööf, HansBaltzopoulos, Apostolos
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CiteExportLink to record
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Citation style
  • apa
  • harvard1
  • ieee
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More styles
Language
  • de-DE
  • en-GB
  • en-US
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  • Other locale
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Output format
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