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Patenting and Entrepreneurial Spawning: An Innovation Strategy Approach

Author

Listed:
  • Lööf, Hans

    () (CESIS - Centre of Excellence for Science and Innovation Studies, Royal Institute of Technology)

  • Nabavi, Pardis

    () (CESIS - Centre of Excellence for Science and Innovation Studies, Royal Institute of Technology)

  • Bazzazian, Navid

    () (Strategy and Business Policy, HEC, Paris)

Abstract

This paper analyzes how different innovation-strategies of incumbent firms affect the quality of their entrepreneurial spawns. Using a novel data set that combines employer-employee micro data from Sweden with firm level patent application data files for the period 1997-2008, three types of incumbent firms are distinguished: firms that are engaged in innovation activities persistently, occasionally and not at all. The analysis shows only weak indication that the chance of survival for a new firm can be linked back to the innovation strategy of the parent firm. In contrast, there is strong evidence that employee start-ups from persistent innovators are more productive during their first five years on the market than other spin-offs, everything else equal.

Suggested Citation

  • Lööf, Hans & Nabavi, Pardis & Bazzazian, Navid, 2012. "Patenting and Entrepreneurial Spawning: An Innovation Strategy Approach," Working Paper Series in Economics and Institutions of Innovation 282, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies, revised 14 Dec 2012.
  • Handle: RePEc:hhs:cesisp:0282
    as

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    References listed on IDEAS

    as
    1. Parker,Simon C., 2009. "The Economics of Entrepreneurship," Cambridge Books, Cambridge University Press, number 9780521728355, March.
    2. C. Praag & Peter Versloot, 2007. "What is the value of entrepreneurship? A review of recent research," Small Business Economics, Springer, vol. 29(4), pages 351-382, December.
    3. Marco Caliendo & Frank Fossen & Alexander Kritikos, 2014. "Personality characteristics and the decisions to become and stay self-employed," Small Business Economics, Springer, vol. 42(4), pages 787-814, April.
    4. N.S. Bosma & E. Stam & S. Wennekers, 2011. "Intrapreneurship versus independent entrepreneurship: A cross-national analysis of individual entrepreneurial behavior," Working Papers 11-04, Utrecht School of Economics.
    5. Baumol, William J., 1996. "Entrepreneurship: Productive, unproductive, and destructive," Journal of Business Venturing, Elsevier, vol. 11(1), pages 3-22, January.
    6. Nyström, Kristina, 2008. "Is Entrepreneurship the Salvation for Enhanced Economic Growth?," Working Paper Series in Economics and Institutions of Innovation 143, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.
    7. Parker,Simon C., 2009. "The Economics of Entrepreneurship," Cambridge Books, Cambridge University Press, number 9780521899604, March.
    8. Parker, Simon C., 2011. "Intrapreneurship or entrepreneurship?," Journal of Business Venturing, Elsevier, vol. 26(1), pages 19-34, January.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Innovation; Patent; Spinoff; Survival; Productivity;

    JEL classification:

    • C24 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Truncated and Censored Models; Switching Regression Models; Threshold Regression Models
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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