Scandinavian Working Papers in Economics
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CESIS - Centre of Excellence for Science and Innovation Studies, Royal Institute of Technology KTH/CESIS Working Paper Series in Economics and Institutions of Innovation

No 282:
Patenting and Entrepreneurial Spawning: An Innovation Strategy Approach

Hans Lööf (), Pardis Nabavi () and Navid Bazzazian ()

Abstract: This paper analyzes how different innovation-strategies of incumbent firms affect the quality of their entrepreneurial spawns. Using a novel data set that combines employer-employee micro data from Sweden with firm level patent application data files for the period 1997-2008, three types of incumbent firms are distinguished: firms that are engaged in innovation activities persistently, occasionally and not at all. The analysis shows only weak indication that the chance of survival for a new firm can be linked back to the innovation strategy of the parent firm. In contrast, there is strong evidence that employee start-ups from persistent innovators are more productive during their first five years on the market than other spin-offs, everything else equal.

Keywords: Innovation; Patent; Spinoff; Survival; Productivity; (follow links to similar papers)

JEL-Codes: C24; L26; M13; O31; O32; (follow links to similar papers)

38 pages, September 17, 2012, Revised December 14, 2012

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