Working Paper Series
Characteristics and Performance of New Firms and Spinoffs in Sweden
() and Steven Klepper
Abstract: We analyze the rate of formation, the characteristics, and
the performance of different types of new firms in Sweden over a decade.
Comparisons to Denmark, Brazil, and the U.S. suggest that the environment
for new firm formation in Sweden is not markedly different than elsewhere.
In line with previous studies, spinoffs of incumbents perform better than
other types of new firms, particularly if their parent firm continues to
operate. A novel findings is that the rate of employment growth of spinoffs
is greater the larger the size of their parent, which contrast sharply with
findings for firms with a single owner.
Keywords: Sweden; Spinoffs; New firm formation; Entrepreneurship; Performance; Employment growth; (follow links to similar papers)
JEL-Codes: J60; M13; (follow links to similar papers)
55 pages, February 7, 2012
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