Projects per year
Abstract
If spin-offs are founded on intellectual capital accumulated at the parent firms, they could be potentially harmful to those firms. However, similar effects on parent firms' performance could be expected for executive migration to rivals. Exploiting a comprehensive Danish linked employer-employee database, we investigate how spin-off and executive migration to rivals affect parent firms' hazard of exit, sales growth and employment growth. We find negative performance effects from executive migration independent on where employees go to. While departures of top employees to found spin-offs have negative effects on parent firm performance, the effect
from key-employees who resign to competing incumbent firms is even greater. All effects decrease over time, but parent firms recover faster from spin-off migration. We study this using different methods, including matched models adjusting for parent firm heterogeneity.
from key-employees who resign to competing incumbent firms is even greater. All effects decrease over time, but parent firms recover faster from spin-off migration. We study this using different methods, including matched models adjusting for parent firm heterogeneity.
Original language | English |
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Publication date | 2010 |
Number of pages | 45 |
Publication status | Published - 2010 |
Event | 13th Conference of the International Schumpeter Society on Innovation, Organization, Sustainability and Crisis - Aalborg, Denmark Duration: 21 Jun 2010 → 24 Jun 2010 |
Conference
Conference | 13th Conference of the International Schumpeter Society on Innovation, Organization, Sustainability and Crisis |
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Country/Territory | Denmark |
City | Aalborg |
Period | 21/06/2010 → 24/06/2010 |
Projects
- 1 Finished
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Outcomes of Organizational Change
Dahl, M. S., Gjerløv-Juel, P., Baymler, D. & Carriquiry, J. M.
Forskningsrådet for Samfund og Erhverv
01/07/2009 → 30/06/2012
Project: Research