Are public research spin-offs more innovative?
نویسندگان
چکیده
منابع مشابه
IT Spin-Offs into the European Research Framework: An Innovative Configuration
In the current context, characterized by a sort of ‘open innovation’, spin-offs phenomenon represents an innovative approach to support technological knowledge transfer and innovation processes from research organizations to industrial world. Furthermore, spin-offs could be considered an innovative strategy to follow up the results obtained within collaborative R&D (Research and Development) pr...
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Necessity spin-offs are organized by employees of incumbent firms to escape deteriorating job conditions. This paper proposes a conceptual model of the spin-off process. Necessity spin-offs are distinguished from opportunity spin-offs on the basis of their triggering events. An empirical analysis of German laser spin-offs traces differences in the performance and determinants of the two types o...
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Prior empirical work finds no systematic relation between CEO education and firm performance, which leads to a puzzle as to why firms hire managers with higher educational attainment. This study investigates the link between corporate innovation and managerial talent, indicated by the highest degree achievable, a Ph.D. I find that firms managed by CEOs with Ph.D. degrees (Ph.D. CEOs) produce mo...
متن کاملAre Corporate Spin-offs Prone to Insider Trading?∗
Recent research has documented empirical evidence of informed trading ahead of major corporate events such as earnings announcements, mergers and acquisitions and corporate bankruptcies. However, no such evidence exists ahead of corporate spinoffs (SP). Using a sample of 426 corporate SPs from 1996 to 2013, we document pervasive activity in options of the parent company, but not in stocks, that...
متن کاملAre Corporate Spin-offs Prone to Insider Trading?∗ Preliminary Draft
Recent research has documented empirical evidence of informed trading ahead of major corporate events such as earnings announcements, mergers and acquisitions (M&A) and corporate bankruptcies. Surprisingly, however, no such evidence exists ahead of corporate divestiture or spinoff (SP) announcements. This is noteworthy because the parent company’s stock usually experiences a significant price j...
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ژورنال
عنوان ژورنال: Small Business Economics
سال: 2014
ISSN: 0921-898X,1573-0913
DOI: 10.1007/s11187-013-9539-z