Entrepreneurial spawning: Public corporations and the genesis of new ventures, 1986 to 1999
成果类型：
Article
署名作者：
Gompers, P; Lerner, J; Scharfstein, D
署名单位：
Harvard University; National Bureau of Economic Research
刊物名称：
JOURNAL OF FINANCE
ISSN/ISSBN：
0022-1082
DOI：
10.1111/j.1540-6261.2005.00740.x
发表日期：
2005
页码：
577-614
关键词：
摘要：
We examine two views of the creation of venture-backed start-ups, or entrepreneurial spawning. In one, young firms prepare employees for entrepreneurship, educating them about the process, and exposing them to relevant networks. In the other, individuals become entrepreneurs when large bureaucratic employers do not fund their ideas. Controlling for firm size, patents, and industry, the most prolific spawners are originally venture-backed companies located in Silicon Valley and Massachusetts. Undiversified firms spawn more firms. Silicon Valley, Massachusetts, and originally venture-backed firms typically spawn firms only peripherally related to their core businesses. Overall, entrepreneurial learning and networks appear important in creating venture-backed firms.
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