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Don’t Step Into Your Parent’s Shoes – How Exploitation and Exploration Affect Spin-out Growth

  • Heinrichs, Simon
  • Walter, Sascha
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    This study examines how different organizational learning strategies (i.e., exploration or exploitation) impact the sales growth of technology spin-outs, and the role of the parent firm in this context. Using knowledge-based and learning views of the firm, we propose that spin-out performance benefits from exploration, but suffers from exploitation. Results based on a sample of 134 spin-outs support these arguments. Additionally, parent goodwill reinforced the positive effect of exploration, whereas high market similarity to the parent firm increased the negative effect of exploitation.

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    File URL: http://econstor.eu/bitstream/10419/68591/1/Don%27t%20Step%20Into%20Your%20Parent%27s%20Shoes.pdf
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    Paper provided by ZBW - German National Library of Economics in its series EconStor Preprints with number 68591.

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    Date of creation: 2013
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    Handle: RePEc:zbw:esprep:68591
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