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dc.contributor.authorFalck, Oliveren
dc.contributor.authorHeblich, Stephanen
dc.date.accessioned2009-01-20-
dc.date.accessioned2010-05-14T11:13:59Z-
dc.date.available2010-05-14T11:13:59Z-
dc.date.issued2008-
dc.identifier.urihttp://hdl.handle.net/10419/31754-
dc.description.abstractThis paper takes a different perspective toward the escape entry incentive of incumbent firms to innovate. New entrants spawned from incumbents are not necessarily a threat; they can complement incumbents' production by commercializing knowledge incumbents are not willing or able to exploit. Accordingly, incumbent innovation determines exploitable knowledge externalities for spinoffs while, at the same time, spinoffs are expected to influence incumbent innovation. To overcome this problem of endogeneity, we apply an IV approach to analyze a rich industry-level dataset (19872000) for Germany. We find evidence that entry by spinoffs does, indeed, have a positive impact on incumbent innovation.en
dc.language.isoengen
dc.publisher|aFriedrich Schiller University Jena and Max Planck Institute of Economics |cJenaen
dc.relation.ispartofseries|aJena Economic Research Papers |x2008,083en
dc.subject.jelO3en
dc.subject.jelL16en
dc.subject.jelM13en
dc.subject.ddc330en
dc.subject.keywordInnovationen
dc.subject.keywordentryen
dc.subject.keywordspinoffen
dc.subject.stwBetriebsaufspaltungen
dc.subject.stwUnternehmensgründungen
dc.subject.stwInnovationswettbewerben
dc.subject.stwTheorieen
dc.subject.stwDeutschlanden
dc.titleIncumbent innovation and entry by spinoff-
dc.typeWorking Paperen
dc.identifier.ppn590247700en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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