Scandinavian Working Papers in Economics
HomeAboutSeriesSubject/JEL codesAdvanced Search
Department of Industrial Economics & Strategy, Copenhagen Business School Working Paper Series, Department of Industrial Economics & Strategy, Copenhagen Business School

No 97-7:
Corporate Renewal Through Internal Venturing and Spinn-offs: Perspectives from Organizational Economics.

Tom Elfring and Nicolai J. Foss

Abstract: We address the closely related phenomena of corporate venturing and spin-offs in the context of organizational economics, for example, agency perspectives and the evolutionary perspective on firms. These perspectives allow us to say something about both the amount and nature of variety creation inside firms. For example, there are strong arguments that firms will tend to produce too few and too "narrow" venture ideas. Moreover, organizational economics is helpful in deriving propositions about the occurrence of spin-offs, which we separate into "vicious" and "virtuous" ones. The former type refers to ventures that could have helped bringing corporate renewal, but where overruled venture managers left the firm in frustration. The latter type refers to ventures that are too far away from the firm's core business(es) to assist in corporate renewal, but where their spin-off is tantamount to a learning experience to the firm.

Keywords: corporate renewal; spin-offs; economic organization; intrapreneurship; (follow links to similar papers)

JEL-Codes: D23; L2; L22; M13; (follow links to similar papers)

Before downloading any of the electronic versions below you should read our statement on copyright.
Download GhostScript for viewing Postscript files and the Acrobat Reader for viewing and printing pdf files.

Downloadable files:

8778690129.pdf    PDF-file
Download Statistics

Report other problems with accessing this service to Sune Karlsson () or Helena Lundin ().

Programing by
Design by Joachim Ekebom

Handle: RePEc:ivs:iivswp:97-7 This page was generated on 2014-12-14 19:23:44