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Characteristics and Performance of New Firms and Spinoffs in Sweden

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Listed:
  • Andersson, Martin

    (Centre for Innovation, Research and Competence in the Learning Economy (CIRCLE))

  • Klepper, Steven

    (Carnegie Mellon University)

Abstract

We analyze the rate of formation, the characteristics, and the performance of different types of new firms in Sweden over a decade. Comparisons to Denmark, Brazil, and the U.S. suggest that the environment for new firm formation in Sweden is not markedly different than elsewhere. In line with previous studies, spinoffs of incumbents perform better than other types of new firms, particularly if their parent firm continues to operate. A novel findings is that the rate of employment growth of spinoffs is greater the larger the size of their parent, which contrast sharply with findings for firms with a single owner.

Suggested Citation

  • Andersson, Martin & Klepper, Steven, 2012. "Characteristics and Performance of New Firms and Spinoffs in Sweden," Working Paper Series 902, Research Institute of Industrial Economics.
  • Handle: RePEc:hhs:iuiwop:0902
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Sweden; Spinoffs; New firm formation; Entrepreneurship; Performance; Employment growth;
    All these keywords.

    JEL classification:

    • J60 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - General
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups

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