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The governance and performance of Xerox's technology spin-off companies

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  • Chesbrough, Henry

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  • Chesbrough, Henry, 2003. "The governance and performance of Xerox's technology spin-off companies," Research Policy, Elsevier, vol. 32(3), pages 403-421, March.
    • Handle: RePEc:eee:respol:v:32:y:2003:i:3:p:403-421
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    1. Chesbrough, Henry W, 1999. "The Organizational Impact of Technological Change: A Comparative Theory of National Institutional Factors," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 8(3), pages 447-485, September.
    2. Michael C. Jensen, 2010. "The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems," Journal of Applied Corporate Finance, Morgan Stanley, vol. 22(1), pages 43-58, January.
    3. Lerner, Josh, 1995. "Venture Capitalists and the Oversight of Private Firms," Journal of Finance, American Finance Association, vol. 50(1), pages 301-318, March.
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    8. David J. TEECE, 2008. "Profiting from technological innovation: Implications for integration, collaboration, licensing and public policy," World Scientific Book Chapters, in: The Transfer And Licensing Of Know-How And Intellectual Property Understanding the Multinational Enterprise in the Modern World, chapter 5, pages 67-87, World Scientific Publishing Co. Pte. Ltd..
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    12. Paul Gompers & Josh Lerner, 2000. "The Determinants of Corporate Venture Capital Success: Organizational Structure, Incentives, and Complementarities," NBER Chapters, in: Concentrated Corporate Ownership, pages 17-54, National Bureau of Economic Research, Inc.
    13. Hyun-Han Shin & René M. Stulz, 1998. "Are Internal capital Markets Efficient?," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 113(2), pages 531-552.
    14. Lamont, Owen, 1997. "Cash Flow and Investment: Evidence from Internal Capital Markets," Journal of Finance, American Finance Association, vol. 52(1), pages 83-109, March.
    15. Macmillan, Ian C. & Kulow, David M. & Khoylian, Roubina, 1989. "Venture capitalists' involvement in their investments: Extent and performance," Journal of Business Venturing, Elsevier, vol. 4(1), pages 27-47, January.
    16. Sahlman, William A., 1990. "The structure and governance of venture-capital organizations," Journal of Financial Economics, Elsevier, vol. 27(2), pages 473-521, October.
    17. Chesbrough, Henry, 2002. "Graceful Exits and Missed Opportunities: Xerox's Management of its Technology Spin-off Organizations," Business History Review, Cambridge University Press, vol. 76(4), pages 803-837, January.
    18. Sorrentino, Mario & Williams, Mary L., 1995. "Relatedness and corporate venturing: Does it really matter?," Journal of Business Venturing, Elsevier, vol. 10(1), pages 59-73, January.
    19. Stein, Jeremy C, 1997. "Internal Capital Markets and the Competition for Corporate Resources," Journal of Finance, American Finance Association, vol. 52(1), pages 111-133, March.
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    Cited by:

    1. Bruno Cirillo & Stefano Brusoni & Giovanni Valentini, 2014. "The Rejuvenation of Inventors Through Corporate Spinouts," Organization Science, INFORMS, vol. 25(6), pages 1764-1784, December.
    2. Walter, Sascha & Heinrichs, Simon & Walter, Achim, 2013. "Hostile Parent Firms and Child Firm Performance," EconStor Preprints 68592, ZBW - Leibniz Information Centre for Economics.
    3. Tom Broekel & Matthias Brachert, 2015. "The structure and evolution of inter-sectoral technological complementarity in R&D in Germany from 1990 to 2011," Journal of Evolutionary Economics, Springer, vol. 25(4), pages 755-785, September.
    4. Ashish Arora & Sharon Belenzon & Andrea Patacconi & Jungkyu Suh, 2020. "The Changing Structure of American Innovation: Some Cautionary Remarks for Economic Growth," Innovation Policy and the Economy, University of Chicago Press, vol. 20(1), pages 39-93.
    5. Garnsey, Elizabeth & Lorenzoni, Gianni & Ferriani, Simone, 2008. "Speciation through entrepreneurial spin-off: The Acorn-ARM story," Research Policy, Elsevier, vol. 37(2), pages 210-224, March.
    6. van de Vrande, V.J.A., 2017. "Collaborative Innovation: Creating Opportunities in a Changing World," ERIM Inaugural Address Series Research in Management EIA-2017-071-S&E, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam..
    7. Magistretti, Stefano & Dell'Era, Claudio & Verganti, Roberto, 2020. "Searching for the right application: A technology development review and research agenda," Technological Forecasting and Social Change, Elsevier, vol. 151(C).
    8. Guido Buenstorf, 2009. "Opportunity spin-offs and necessity spin-offs," International Journal of Entrepreneurial Venturing, Inderscience Enterprises Ltd, vol. 1(1), pages 22-40.
    9. Viral V. Acharya & Ramin P. Baghai & Krishnamurthy V. Subramanian, 2014. "Wrongful Discharge Laws and Innovation," The Review of Financial Studies, Society for Financial Studies, vol. 27(1), pages 301-346, January.
    10. Kenneth Ayotte, 2017. "Subsidiary Legal Entities and Innovation," The Review of Corporate Finance Studies, Society for Financial Studies, vol. 6(1), pages 39-67.
    11. Cirillo, Bruno & Breschi, Stefano & Prencipe, Andrea, 2018. "Divide to connect: Reorganization through R&D unit spinout as linking context of intra-corporate networks," Research Policy, Elsevier, vol. 47(9), pages 1585-1600.
    12. Heinrichs, Simon & Walter, Sascha, 2013. "Don’t Step Into Your Parent’s Shoes – How Exploitation and Exploration Affect Spin-out Growth," EconStor Preprints 68591, ZBW - Leibniz Information Centre for Economics.
    13. Veldhoven, Joris & Cloodt, Myriam & Vanhaverbeke, Wim, 2008. "Modeling the set-up and management of a spin-out: Evidence from a case study," MPRA Paper 26489, University Library of Munich, Germany, revised 2010.
    14. Chih-Hai Yang & Hui-Lin Lin & Hsiao-Yun Li, 2010. "Do R&D Spinoffs have Higher R&D Productivity? Evidence from Taiwanese Electronics Firms," Industry and Innovation, Taylor & Francis Journals, vol. 17(3), pages 285-307.
    15. Magistretti, Stefano & Dell’Era, Claudio & Messeni Petruzzelli, Antonio, 2019. "How intelligent is Watson? Enabling digital transformation through artificial intelligence," Business Horizons, Elsevier, vol. 62(6), pages 819-829.
    16. Bruno Cirillo, 2019. "External Learning Strategies and Technological Search Output: Spinout Strategy and Corporate Invention Quality," Organization Science, INFORMS, vol. 30(2), pages 361-382, March.
    17. William Lazonick, 2010. "Entrepreneurial Ventures and the Developmental State: Lessons from the Advanced Economies," Working Papers id:3167, eSocialSciences.
    18. Ioannis Ioannou, 2014. "When Do Spinouts Enhance Parent Firm Performance? Evidence from the U.S. Automobile Industry, 1890–1986," Organization Science, INFORMS, vol. 25(2), pages 529-551, April.
    19. Wong, Poh Kam & Lee, Lena & Foo, Maw Der, 2007. "Technological Innovation Activities In Firms And Propensity Of Individuals Starting New Businesses," MPRA Paper 2617, University Library of Munich, Germany.
    20. Schmidt, Arne & Walter, Sascha G. & Walter, Achim, 2010. "Contingency Factors and the Technology-Performance-Relationship in Start-ups," EconStor Preprints 37082, ZBW - Leibniz Information Centre for Economics.
    21. Messer, Julia & Martin, Alexander, 2019. "Open Innovation in KMU: Eine empirische Analyse ausgewählter Faktoren," Flensburger Hefte zu Unternehmertum und Mittelstand 18, Jackstädt-Zentrum Flensburg.
    22. Marco Corsino & Paola Giuri & Salvatore Torrisi, 2019. "Technology spin-offs: teamwork, autonomy, and the exploitation of business opportunities," The Journal of Technology Transfer, Springer, vol. 44(5), pages 1603-1637, October.

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