Spinoffs, parents, and institutions: Evidence from the Italian motorcycle industry

Andrea Morrison

No 1840, Papers in Evolutionary Economic Geography (PEEG) from Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography

Abstract: In this paper we study the impact of spinoff generation events on the performance of parent organizations. Using data from the Italian motorcycle industry (1893-1993), we find that parents have higher survival chances after a spinoff generation event, confirming results from previous studies about other manufacturing industries. We also show that these enhanced survival patterns differ across time and space, and we link these effects to institutional differences: spinoff generation did not determine any survival advantage for parent firms in the Fascist era and in the Turin cluster, while it had an additional positive effect in the Motorvalley cluster. The paper contributes to the literature on spinoff generation and employee mobility and adds to the debate on the role of institutions in evolutionary economic geography, by showing the importance of contextual factors for the performance of parent firms.

Keywords: Spinoffs; Employee entrepreneurship; Parents; Institutions; Evolutionary economic geography (search for similar items in EconPapers)
JEL-codes: B52 L26 O18 R11 (search for similar items in EconPapers)
Date: 2018-11, Revised 2018-11
New Economics Papers: this item is included in nep-ent, nep-geo, nep-his, nep-hme, nep-ino, nep-sbm, nep-tid and nep-ure
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Citations: View citations in EconPapers (1)

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