Spin-off performance in the start-up phase – A conceptual framework

Journal of Small Business and Enterprise Development

Volumn 21, Issue 3, 2014, Pages 528-544

  Furlan, Andrea ^a   Grandinetti, Roberto ^a  

^a UNIVERSITY OF PADOVA   (Italy)

Author keywords

Entrepreneurial innovation; Inherited knowledge; Network; New venture; Relationships; Spin off

Indexed keywords

EID: 84912095391     PISSN: 14626004     EISSN: None     Source Type: Journal    
DOI: 10.1108/JSBED-04-2014-0055     Document Type: Article

References (73)

1. Agarwal, R., Echambadi, R., Franco, A.M. and Sarkar, M. (2004), “Knowledge transfer through inheritance: spin-out generation, development, and survival”, Academy of Management Journal, Vol. 47 No. 4, pp. 501-522.
2. Aldrich, H.E. and Fiol, CM. (1994), “Fools rush in? The institutional context of industry creation”, Academy of Management Review, Vol. 19 No. 4, pp. 645-670.
3. Anton, J.J. and Yao, DA. (1995), “Start-ups, spin-offs, and internal projects”, Journal of Law, Economics, and Organization, Vol. 11 No. 2, pp. 362-378.
4. Asheim, B. and Coenen, L. (2005), “Knowledge bases and regional innovation systems: comparing Nordic clusters”, Research Policy, Vol. 34 No. 8, pp. 1173-1190.
5. Atherton, A. (2007), “Preparing for business start-up: ‘pre-start’ activities in the new venture creation dynamic”, Journal of Small Business and Enterprise Development, Vol. 14 No. 3, pp. 404-417.
6. Baum, J.A.C., Calabrese, T. and Silverman, B.S. (2000), “Don’t go it alone: alliance network composition and startups’ performance in Canadian biotechnology”, Strategic Management Journal, Vol. 21 No. 3, pp. 267-294.
7. Birley S. (1985), “The role of networks in the entrepreneurial process”, Journal of Business Venturing, Vol. 1 No. 1, pp. 107-117.
8. Block, Z. and MacMillan, I.C. (1985), “Milestones for successful venture planning”, Harvard Business Review, Vol. 63 No. 5, pp. 184-196.
9. Boari, C. and Lipparini, A. (1999), “Networks within industrial districts: organising knowledge creation and transfer by means of moderate hierarchies”, Journal of Management and Governance, Vol. 3 No. 4, pp. 339-360.
10. Boschma, RA. and Weterings, A.B.R. (2005), “The effect of regional differences on the performance of software firms in the Netherlands”, Journal of Economic Geography, Vol. 5 No. 5, pp. 567-588.
11. Brüderl, J. and Preisendorfer, P. (1998), “Network support and the success of newly founded businesses”, Small Business Economics, Vol. 10 No. 3, pp. 213-225.
12. Brunetti, G. and Camuffo, A. (2000), Del Vecchio e Luxottica. Come si diventa leader mondiali, Isedi, Turin.
13. Buenstorf, G. (2007), “Evolution on the shoulders of giants: entrepreneurship and firm survival in the German laser industry”, Review of Industrial Organization, Vol. 30 No. 3, pp. 179-202.
14. Buenstorf, G. and Klepper, S. (2009), “Heritage and agglomeration: the Akron tyre cluster revisited”, The Economic Journal, Vol. 119 No. 537, pp. 705-733.
15. Camuffo, A. and Grandinetti, R. (2011), “Italian industrial districts as cognitive systems: are they still reproducible?”, Entrepreneurshii & Regional Development,Vol.23 Nos 9/10, pp. 815-852.
16. Chatterji, A.K. (2009), “Spawned with a silver spoon? Entrepreneurial performance and innovation in the medical device industry”, Strategic Management Journal, Vol. 30 No. 2, pp. 185-206.
17. Cohen, W.L. and Levinthal, DA. (1990), “Absorptive capacity: a new perspective on learning and innovation”, Administrative Science Quarterly, Vol. 35 No. 1, pp. 128-152.
18. Cooke, P. (2001), “From technopoles to regional innovation systems: the evolution of localised technology development policy”, Canadian Journal of Regional Science (Revue Canadienne des Sciences Regionales), Vol. 24 No. 1, pp. 21-40.
19. Dahl, M.S. and Reichstein, T. (2007), “Are you experienced? Prior experience and the survival of new organizations”, Industry and Innovation, Vol. 14 No. 5, pp. 497-511.
20. Dobbs, M. and Hamilton, R.T. (2007), “Small business growth: recent evidence and new directions”, International Journal of Entre,t>re,ne,uria.l Behaviour & Research, Vol. 13 No. 5, pp. 296-322.
21. Elfring, T. and Hulsing, W. (2003), “Networks in entrepreneurship: the case of high-technology firms”, Small Business Er.nnnmi.cs, Vol. 21 No. 4, pp. 409-422.
22. Eriksson, T. and Kuhn, J.M. (2006), “Firm spin-offs in Denmark 1981-2000: patterns of entry and exit”, International Journal of Industrial Organization, Vol. 24 No. 5, pp. 1021-1040.
23. Fontana, G.L. (Ed.) (1998), 100 anni di industria calzaturiera nella Riviera delBrenta, Consorzio Maestri Calzaturieri del Brenta, Stra.
24. Ford, D., Gadde, L., Hakansson, H. and Snehota, I. (2003), Managing Business Relationships, Wiley, Chichester.
25. Franco, A.M. and Filson, D. (2006), “Spin-outs: knowledge diffusion through employee mobility”, RAND Journal of Economics, Vol. 37 No. 4, pp. 841-860.
26. Furlan, A. and Grandinetti, R. (2011), “Size, relationships and capabilities: a new approach to the growth of the firm”, Human Systems Management, Vol. 30 No. 4, pp. 195-213.
27. Furlan, A., Grandinetti, R. and Camuffo, A. (2007), “How do subcontractors evolve?”, International Journal of Operations and Production Management, Vol. 27 No. 1, pp. 69-89.
28. Furlan, A., Grandinetti, R. and Camuffo, A. (2009), “Business relationship portfolios and subcontractors’ capabilities”, Industrial Marketing Management, Vol. 38 No. 8, pp. 937-945.
29. Garofoli, G. (1992), “New firm formation and local development: the Italian experience”, Entrepreneurshit & Regional Development, Vol. 4 No. 2, pp. 101-125.
30. Garnsey E. (1998), “A theory of the early growth of the firm”, Industrial and Corporate Change, Vol. 7 No. 3, pp. 523-556.
31. Gold, A.H., Malhotra, A. and Segars, A.H. (2001), “Knowledge management: an organizational capabilities perspective”, Journal of Management Information Systems, Vol. 18 No. 1, pp. 185-214.
32. Gompers, P., Lerner, J. and Scharfstein, D. (2005), “Entrepreneurial spawning: public corporations and the genesis of new ventures, 1986 to 1999”, Journal of Finance, Vol. 60 No. 2, pp. 577-614.
33. Granovetter, M.S. (1973), “The strength of weak ties”, The American Journal of Sociology, Vol. 78 No. 6, pp. 1360-1380.
34. Hakansson, H, Ford, D., Gadde, L., Snehota, I. and Waluszewski, A. (2009), Business in Networks, Wiley, Chichester.
35. Hansen, E.L. (1995), “Entrepreneurial networks and new organization growth”, Entrepreneurship Theory and Practice, Vol. 19 No. 4, pp. 7-19.
36. Helfat, C.E. and Lieberman, M.B. (2002), “The birth of capabilities: market entry and the importance of pre-history”, Industrial and Corporate Change, Vol. 11 No. 4, pp. 725-760.
37. Johannisson, B. (1988), “Business formation: a network approach”, Scandinavian Journal of Management, Vol. 4 Nos 3/4, pp. 83-99.
38. Johannisson, B. (1998), “Personal networks in emerging knowledge-based firms: spatial and functional patterns”, Entrepreneurshit & Regional Development, Vol. 10 No. 4, pp. 297-312.
39. Johannisson, B., Ramírez-Pasillas, M. and Karlsson, G. (2002), “The institutional embeddedness of local inter-firm networks: a leverage for business creation”, Entret>reneurshit> & Regional Development, Vol. 14 No. 4, pp. 297-315.
40. Klepper, S. (2001), “Employee startups in high-tech industries”, Industrial and Corporate Change, Vol. 10 No. 3, pp. 639-674.
41. Klepper, S. (2002), “The capabilities of new firms and the evolution of the US automobile industry”, Industrial and Corporate Change, Vol. 11 No. 4, pp. 645-666.
42. Klepper, S. (2007), “Disagreements, spinoffs, and the evolution of Detroit as the capital of the US automobile industry”, Management Science, Vol. 53 No. 4, pp. 616-631.
43. Klepper, S. (2009), “Spinoffs: a review and synthesis”, European Management Review, Vol. 6 No. 3, pp. 159-171.
44. Klepper, S. (2010), “The origin and growth of industry clusters: the making of Silicon Valley and Detroit”, Journal of Urban Economics, Vol. 67 No. 1, pp. 15-32.
45. Klepper, S. and Sleeper, S. (2005), “Entry by spin-offs”, Management Science, Vol. 51 No. 8, pp. 1291-1306.
46. Klepper, S. and Thompson, P. (2010), “Disagreements and intra-industry spinoffs”, International Journal of Industrial Organization, Vol. 28 No. 5, pp. 526-538.
47. Koch, A. and Stahlecker, T (2006), “Regional innovation systems and the foundation of knowledge-intensive business services: a comparative study in Bremen, Munich, and Stuttgart, Germany”, European Planning Studies, Vol. 14 No. 2, pp. 123-145.
48. Larson, A. and Starr, JA. (1993), “A network model of organization formation”, Entrepreneurship Theory and Practice, Vol. 17 No. 2, pp. 5-15.
49. Lechner, C, Dowling, M. and Welpe, I. (2006), “Firm networks and firm development: the role of the relational mix”, Journal of Business Venturing, Vol. 21 No. 4, pp. 514-540.
50. Leonard, D and Sensiper, S. (1998), “The role of tacit knowledge in group innovation”, California Management Review, Vol. 40 No. 3, pp. 112-132.
51. Littunen, H. and Niittykangas, H. (2010), “The rapid growth of young firms during various stages of entrepreneurship”, Journal of Small Business and Enterprise Develotmient, Vol. 17 No. 1, pp. 8-31.
52. McKendrick, D.G., Wade, J.B. and Jaffee, J. (2009), “A good riddance? Spin-offs and the technological performance of parent firms”, Organization Science, Vol. 20 No. 6, pp. 979-992.
53. Myint, Y.M., Vyakarnam, S. and New, M.J. (2005), “The effect of social capital in new venture creation: the Cambridge high-technology cluster”, Strategic Change, Vol. 14 No. 3, pp. 165-177.
54. Nahapiet, J. and Ghoshal, S. (1998), “Social capital, intellectual capital, and the organizational advantage”, Academy of Management Review, Vol. 23 No. 2, pp. 242-266.
55. Nelson, R.R. and Winter, S.G. (1982), An Evolutionary Theory of Economic Change, Belknap Press, Cambridge.
56. Ostgaard, TA. and Birley S. (1996), “New venture growth and personal networks”, Journal of Business Research, Vol. 36 No. 1, pp. 37-50.
57. Park, J.-H., Suh, H.-J. and Yang, H.-D (2007), “Perceived absorptive capacity of individual users in performance of enterprise resource planning (ERP) usage: the case for Korean firms”, Information & Management, Vol. 44 No. 3, pp. 300-312.
58. Porter, M.E. (1998), “Clusters and the new economics of competition”, Harvard Business Review, Vol. 76 No. 6, pp. 77-90.
59. Roininen, S. and Ylinenpaä, H. (2009), “Schumpeterian versus Kirznerian entrepreneurship: a comparison of academic and non-academic new venturing”, Journal of Small Business and Enterprise Develotmient, Vol. 16 No. 3, pp. 504-520.
60. Saxenian, A. (1994), Regional Advantage: Culture and Competition in Silicon Valley and Route 128, Harvard University Press, Cambridge.
61. Shane, S. and Venkataraman, S. (2000), “The promise of entrepreneurship as a field of research”, Academy of Management Review, Vol. 25 No. 1, pp. 217-226.
62. Sørensen, J.B. (2007), “Bureaucracy and entrepreneurship: workplace effects on entrepreneurial entry”, Administrative Science Quarterly, Vol. 52 No. 3, pp. 387-412.
63. Sorenson, O. (2003), “Social networks and industrial geography”, Journal of Evolutionary Economics, Vol. 13 No. 5, pp. 513-527.
64. Starr, J.A. and MacMillan, I.A. (1990), “Resource cooptation via social contracting: resource acquisition strategies for new ventures”, Strategic Management Journal, Vol. 11 No. 1, pp. 79-92.
65. Stinchcombe, A.L. (1965), “Social structure and organizations”, in March, J.G. (Ed.), Handbook of Organizations, Rand McNally Chicago, IL, pp. 142-193.
66. Stuart, T.E. and Sorenson, O. (2007), “Strategic networks and entrepreneurial ventures”, (frategicEntrepreneurshit) Journal, Vol. 1 Nos 3/4, pp. 211-227.
67. Tan, J. (2006), “Growth of industry clusters and innovation: lessons from Beijing Zhongguancun Science Park”, Journal of Business Venturing, Vol. 21 No. 6, pp. 827-850.
68. Vyakarnam, S., Jacobs, R. and Handelberg, J. (1999), “Exploiting the formation of entrepreneurial teams: the key to rapid growth business?”, Journal of Small Business and Enterprise Develo-bment, Vol. 6 No. 2, pp. 153-165.
69. Wiggins, S.N. (1995), “Entrepreneurial enterprises, endogenous ownership, and the limits to firm size”, Economic Inquiry, Vol. 33 No. 1, pp. 54-69.
70. Witt, P. (2004), “Entrepreneurs’ networks and the success of start-ups”, Entret>reneurshit> & Regional Development, Vol. 16 No. 5, pp. 391-412.
71. Zahra, SA. and George, G. (2002), “Absorptive capacity: a review, reconceptualization, and extension”, Academy of Management Review, Vol. 27 No. 2, pp. 185-203.
72. Zhang, Y. and Li, H. (2010), “Innovation search of new ventures in a technology cluster: the role of ties with services intermediaries”, Strategic Management Journal, Vol. 31 No. 1, pp. 88-109.
73. Zhao, L. and Aram, J.D. (1995), “Networking and growth of young technology-intensive ventures in China”, Industrial and Corporate Change, Vol. 10 No. 5, pp. 349-370.