Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/56878 
Year of Publication: 
2010
Series/Report no.: 
Jena Economic Research Papers No. 2010,060
Publisher: 
Friedrich Schiller University Jena and Max Planck Institute of Economics, Jena
Abstract: 
Spinoff firms are exceptional performers across industries. The causes for the emergence of spinoff firms are widely investigated in the literature. However, the role of teams for spinoffs has received little scholarly attention. On one hand, talented individuals may find it necessary to team up with others to utilize complementary knowledge and generate synergies. On the other hand, some types of team production environments may have dissonance and motivate individuals to leave the team. The present study demonstrates that organizational synergies and dissonance can be incorporated into appropriate specifications of team production functions. This framework explains the necessity to form a team, stability of teams, and the emergence of different types of spinoffs depending on specific organizational arrangements.
Subjects: 
organizational synergy
production functions
spinoffs
JEL: 
D23
D85
D02
Document Type: 
Working Paper

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