Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/80448
Authors: 
Fackler, Daniel
Schnabel, Claus
Year of Publication: 
2013
Series/Report no.: 
IWQW Discussion Paper Series 06/2013
Abstract: 
Using a 50 percent sample of all establishments in the German private sector, we report that spinoffs are larger and initially employ more skilled and more experienced workers than other startups. Controlling for these and other differences, we find that spinoffs are less likely to exit than other startups. We show that in West and East Germany and in all sectors investigated pulled spinoffs (where the parent company continues after they are founded) generally have the lowest exit hazards, followed by pushed spinoffs (where the parent company stops operations). The difference between both types of spinoffs is particularly pronounced in the first three years. Contrary to expectations, intra-industry spinoffs are not found to have lower exit hazards in our sample.
Subjects: 
spinoffs
startups
firm exits
Germany
JEL: 
L2
D22
M13
C41
Document Type: 
Working Paper

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