The theory predicts that spino s of successful parents are more successful than others. The success of the parents can be measured in two ways, either in terms of their survival duration or concerning their innovative activity. In this paper, the survival chances of spino s in the German automobile industry regarding the success of their parents will be investigated. Therefore it is di erentiated between spino s of old parents and spino s of innovative parents. The results of the Cox regressions show that spino s of old parents have better survival chances than those of innovative parents.
firm survival spinoffs heritage automobile industry