Annaleena Parhankangas and Pia Arenius
This paper proposes a taxonomy of corporate spin-off firms by exploring the nature of parent firm–spin-off firm relationship. Relying on the resource-based and the resource-dependence theory, special attention is paid to the complementarity of the resource base of the parent firm relative to its spin-off, the intensity of collaboration between the parent and the spin-off, and the dependence of the spin-off firm on the resources provided by the parent organization. Based on cluster analysis, we were able to identify three distinct groups of corporate spin-off firms: spin-offs developing new technologies, spin-offs serving new markets and restructuring spin-offs. These groups differ from one another in terms of the intensity of resource sharing linkages and knowledge transfer between the parent and the spin-off, timing of separation, as well as the direction and breadth of their new product development activities.
Author Keywords: Corporate spin-off firms; inter-organizational relationships; resource-based theory; resource-dependence theory; corporate diversification
[click here for the document at Elsevier Science Direct]
Annaleena Parhankangas and Pia Arenius, "From a corporate venture to an independent company: a base for a taxonomy for corporate spin-off firms", Research Policy, Volume 32, Issue 3, (March 2003), pp 463-481.
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