Imperial College London
Portrait Picture

Bart Clarysse (visiting)

Business School

Chair in Entrepreneurship
 
 
 
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Contact

 

+44 (0)20 7594 9850b.clarysse

 
 
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Location

 

389Business School BuildingSouth Kensington Campus

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Summary

 

Publications

Citation

BibTex format

@unpublished{VELDE:2007,
author = {VELDE, EVANDE and CLARYSSE, B and WRIGHT, M and RAYP, G and BRUNEEL, J},
title = {Exploring the Boundary between Entrepreneurship and Corporate Venturing: From Assisted Spin-outs to Entrepreneurial Spin-offs},
year = {2007}
}
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RIS format (EndNote, RefMan)

TY  - UNPB
AB  - Corporate entrepreneurship and corporate spin-offs have gained importance over the last decades. Corporate spin-offs play an increasingly important role in the development and growth of emerging, high-technology industries, thereby contributing to economic growth. While previous studies on corporate spin-offs have taken the established firm as a point of departure, a central issue concerns the locus of entrepreneurs. We adopt a bottom-up approach by considering those spin-offs that are created by employees, based upon an opportunity spotted while working for the parent company. Based upon the knowledge-based theory of the firm and the literature on opportunity identification, we develop a typology of corporate spin-offs. We identified three types of corporate spin-offs: Assisted spin-outs, Restructuring-driven spin-outs and Entrepreneurial Spin-offs. These types of corporate spin-offs differ from each other in terms of nature and formality of knowledge transfer; detection and implementation of opportunity identification; and performance. Based upon an in-depth analysis of 41 corporate spin-offs in Flanders, we found that Entrepreneurial Spin-offs outperform both Assisted and Restructuring-driven spin-outs on all four performance indicators. Our findings imply that parent companies often miss possibilities to capture value from opportunities that were originally developed in the parent company.
AU  - VELDE,EVANDE
AU  - CLARYSSE,B
AU  - WRIGHT,M
AU  - RAYP,G
AU  - BRUNEEL,J
PY  - 2007///
TI  - Exploring the Boundary between Entrepreneurship and Corporate Venturing: From Assisted Spin-outs to Entrepreneurial Spin-offs
ER  -
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