The role of innovation in value creation after spin-off in the USA
by Mina Lee, Thomas H. Brush, Jungpil Hahn
International Journal of Business and Globalisation (IJBG), Vol. 5, No. 1, 2010

Abstract: This paper suggests a model of value creation during the US spin-off process. While it is a well-known fact that the post-spin-off performance is in general positive, the reason for the performance is still unclear. Based on previous research, we suggest that the parent firm would experience better performance after spin-off. We also suggest that the spin-off would experience better performance vis-a-vis benchmark, due to their innovative activity. We argue that the innovation after spin-off would be the key to explain the relationship between spin-off event and post-spin-off performance.

Online publication date: Tue, 06-Jul-2010

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