Knowledge inheritance and performance of spinouts

C. Costa, R. Baptista*

*Corresponding author for this work

Research output: Contribution to journalArticleAcademicpeer-review

Abstract

We investigate the impact of knowledge inheritance by vertical spinouts originating from user and supplier industries on performance. We test whether spinouts from a supplier or user industry perform better than focal industry spinouts and de novo entrants. Using longitudinal micro data for the Portuguese molds and plastics industries we find that vertical user and supplier spinouts perform better in terms of survival (but not in terms of early sales) than focal industry spinouts, and all types of spinouts perform better than de novo entrants. The results suggest that vertical spinouts possess specific knowledge that might be more valuable than that of focal industry spinouts, while spinouts originating from suppliers underperform those originating from users.
Original languageEnglish
Pages (from-to)29-55
Number of pages27
JournalEurasian Business Review
Volume13
Issue number1
Early online date1 Jan 2023
DOIs
Publication statusPublished - Mar 2023

JEL classifications

  • j62 - "Job, Occupational, and Intergenerational Mobility; Promotion"
  • l22 - Firm Organization and Market Structure
  • l26 - Entrepreneurship
  • l61 - "Metals and Metal Products; Cement; Glass; Ceramics"
  • r12 - Size and Spatial Distributions of Regional Economic Activity

Keywords

  • Vertical spinouts
  • Focal spinouts
  • User industry
  • Supplier industry
  • Pre-entry knowledge
  • Clusters
  • INDUSTRY
  • ENTRY
  • SPINOFFS
  • CLUSTERS
  • FIRMS
  • ENTREPRENEURSHIP
  • AGGLOMERATION
  • CAPABILITIES
  • EVOLUTION
  • HERITAGE

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