Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/68591
Authors: 
Heinrichs, Simon
Walter, Sascha
Year of Publication: 
2013
Series/Report no.: 
Arbeitspapiere des Instituts für Betriebswirtschaftslehre, Universität Kiel
Abstract: 
This study examines how different organizational learning strategies (i.e., exploration or exploitation) impact the sales growth of technology spin-outs, and the role of the parent firm in this context. Using knowledge-based and learning views of the firm, we propose that spin-out performance benefits from exploration, but suffers from exploitation. Results based on a sample of 134 spin-outs support these arguments. Additionally, parent goodwill reinforced the positive effect of exploration, whereas high market similarity to the parent firm increased the negative effect of exploitation.
Subjects: 
Spin-outs
JEL: 
M13
Document Type: 
Working Paper

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