Spinoffs and Clustering

نویسندگان

  • Russell Golman
  • Steven Klepper
چکیده

Geographic clustering of innovative industries is associated with the entry and success of spinoff firms. We develop a model to explain the multiple empirical patterns regarding cluster growth and spinoff formation and performance, without relying on agglomeration externalities. Clustering naturally follows from spinoffs locating near their parents. In our model, firms grow and spinoffs form through the discovery of new submarkets based on innovation. Rapid and successful innovation creates more opportunities for spinoff entry and drives a region’s growth. Our model provides baseline estimates of levels of agglomeration that can be attributed to this process of innovation and spinoff formation.

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

ثبت نام

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Spinoffs and the Mobility of U.S. Merchant Semiconductor Inventors

Data on assignees of patenters are used to analyze the mobility of semiconductor inventors. A model of the entry and staffing of spinoffs of incumbent producers is developed to explain the higher mobility of semiconductor inventors in Silicon Valley. Exploiting data on the origins of semiconductor producers with larger sales, we argue that the greater mobility of semiconductor inventors in Sili...

متن کامل

Entry by Spinoffs

Entry by spinoffs from incumbent firms is investigated for the laser industry. A model in which spinoffs exploit knowledge from their parents is constructed to explain the market conditions conducive to spinoffs, the types of firms that spawn spinoffs, and the relationship of spinoffs to their parents. The model is tested using detailed data on all laser entrants from the start of the industry ...

متن کامل

Spinoffs Versus Buyouts: Profitability of Alternate Routes for Commercializing Innovations

This research compares innovation-related spinoffs and buyouts. Innovation-related divestitures are companies created with the intent of better developing and marketing new products in new or existing markets. We investigate how and why spinoffs’ and buyouts’ strategic emphasis, radicalness of products, and profits diverge over time. Using longitudinal data on 126 spinoffs and 102 buyouts over ...

متن کامل

The Impact of Academic Spinoffs Components in Development of Internationalization of Universities

Internationalization is one of the important indicators of universities.in addition, universities are among major players in the entrepreneurship ecosystem, creating academic spinoffs through producing and publishing knowledge. Methodology: This study is an applied research and, in terms of data collection, is a descriptive-correlational. Data were collected through a researcher-made questionn...

متن کامل

Spinoffs and the “ Performance Premium ”

The creation of spinoff companies is often promoted as a desirable mechanism for transferring knowledge and technologies from research organizations to the private sector for commercialization. In the promotion process, policymakers typically treat these “university” spinoffs like industry startups. However, when university spinoffs involve an employment transition by a researcher out of the no...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

ثبت نام

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

عنوان ژورنال:

دوره   شماره 

صفحات  -

تاریخ انتشار 2015