This research examines the exit of a subsidiary from its corporate parent through spin-off, the actions taken by the firm management post spin-off, and the performance implications of those actions, all from the spin-off's perspective. While spin-off announcements are generally met with a...

We study wealth effects for a sample of 156 spin-offs from 15 different European countries that were announced between January 1987 and September 2000. The cumulative average abnormal return over the three-day event window is 2.62%. This number increases to 2.66% for the subsequently completed...

Actors often leave in pursuit of new ventures, even though entrepreneurial opportunities may exist inside the firm. While a bulk of work has focused on understanding the determinants of entrepreneurial transition (e.g., Aldrich and Ruef, 2006; Dobrev and Barnett, 2005; Robinson and Sexton, 1994; Sørensen,...

Entrepreneurship is the engine of innovation. The accumulated tacit knowledge and culture of the entrepreneur are the resources essential to create wealth from research commercialisation leading to technological innovation and the creation of New Technology Based Firms (NTBFs). The authors...

Bereits Schumpeter (1934, 1942) beschreibt, wie technologischer Fortschritt die neuartige und wertschaffende Kombination von Ressourcen ermöglicht. Das dadurch entstehende Ungleichgewicht im Markt ermöglicht es Unternehmern, diese „Chancen“ zu verfolgen und neue Technologien in...

This dissertation consists of two studies related to internal capital markets and bank relationship using Japanese corporate spin-offs. The first study analyzes the relation between internal capital markets and banks by examining 137 Japanese corporate spin-offs created between the years 2001...

This paper examines the preferences of a foreign firm and awelfare-maximizing host country government over two modes of foreigndirect investment (FDI): de novo entry by the foreign firm andacquisition of the domestic incumbent. Two crucial features of the modelare the presence of network...

The principal objective of the Central Vacuum Unit (CVU) CO{sub 2} Huff-n-Puff (H-n-P) project is to determine the feasibility and practicality of the technology in a waterflooded shallow shelf carbonate environment. The results of parametric simulation of the CO{sub 2} H-n-P process, coupled...

Dr. Mock began the session by paying tribute to Dr. Myron Dorfman, Professor of Petroleum Engineering at the University of Texas, who had just passed away after a protracted illness. Dr. Dorfman, more than other any individual, was responsible for bringing the geopressured-geothermal...

Technology transfer to the industrial sector for geopressured-geothermal technology has included diverse strategies, with successes and obstacles or roadblocks. Numerical data are tabulated in terms of response to the various strategies. Strategy categories include the following: feasibility...