|
EconStor >
Max-Planck-Institut für Ökonomik, Jena >
Papers on Economics and Evolution, MPI für Ökonomik >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/57551
|
| | |
| Title: | | A corporation's culture as an impetus for spinoffs and a driving force of industry evolution  |
| Authors: | | Cordes, Christian Richerson, Peter J. Schwesinger, Georg |
| Issue Date: | | 2011 |
| Series/Report no.: | | Papers on economics and evolution 1111 |
| Abstract: | | In infant industries, a great share of new market opportunities is depleted by firms that spinoff from incumbents. A model emphasizing the relation between incumbents' evolving corporate cultures and the generation of spinoffs explains this regularity in industry evolution. Organizations reach a critical size that entails the collapse of a cooperative culture and triggers the exodus of personnel founding own firms. Thereby, organizations with a cooperative culture active in a dynamic business environment provide ideal training grounds for potential founders. We relate our findings to empirical evidence on developmental patterns in industries, such as genealogies and performance of spinoffs. |
| Subjects: | | Spinoff Formation Critical Firm Size Firm Performance Industry Evolution Corporate Culture |
| JEL: | | D21 L25 L26 M13 M14 C61 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Papers on Economics and Evolution, MPI für Ökonomik
|
| |
| | |
Download bibliographical data as:
BibTeX
|
| |
Share on:http://hdl.handle.net/10419/57551
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|