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Spin-Off and Acquisition of Small Technology-Based Firms

In: Technology, Innovation and Enterprise

Author

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  • Åsa Lindholm Dahlstrand

Abstract

In a large technology-based firm, technology and innovations can be developed internally, although they can also be acquired from external sources, such as small technology-based firms. In addition, technology and innovation can be spun off from one organisation to another, perhaps from a large technology-based firm to establish a new spin-off firm. Nevertheless, innovation researchers, as well as policy-makers, have traditionally focused strongly on whether large or small firms are the most frequent, effective and/or efficient innovators, rather than on the interaction between these firms. Earlier studies have, for example, shown that small firms often have advantages in the early stages of the innovation process, while large firms have advantages in the later stages of scaling up innovations, and large and small firms can interact in several ways, such as through ownership changes. This chapter concentrates on ownership changes in the forms of acquisition and spin-off of small technology-based firms.

Suggested Citation

  • Åsa Lindholm Dahlstrand, 1997. "Spin-Off and Acquisition of Small Technology-Based Firms," Palgrave Macmillan Books, in: Dylan Jones-Evans & Magnus Klofsten (ed.), Technology, Innovation and Enterprise, chapter 11, pages 325-363, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-349-25770-6_11
    DOI: 10.1007/978-1-349-25770-6_11
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    Cited by:

    1. Mark O. Sellenthin, 2006. "Is there a local innovation policy to support academic start-up activities? an exploratory case study of Heidelberg," Brussels Economic Review, ULB -- Universite Libre de Bruxelles, vol. 49(4), pages 293-310.

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