Using a 50 percent sample of all establishments in the German private sector, we report that spinoffs are larger and … find that spinoffs are less likely to exit than other startups. We show that in West and East Germany and in all sectors … investigated pulled spinoffs (where the parent company continues after they are founded) generally have the lowest exit hazards …

Using a 50 percent sample of all establishments in the German private sector, we report that spinoffs are larger and … find that spinoffs are less likely to exit than other startups. We show that in West and East Germany and in all sectors … investigated pulled spinoffs (where the parent company continues after they are founded) generally have the lowest exit hazards …

Using a 50 percent sample of all establishments in the German private sector, we report that spinoffs are larger and … find that spinoffs are less likely to exit than other startups. We show that in West and East Germany and in all sectors … investigated pulled spinoffs (where the parent company continues after they are founded) generally have the lowest exit hazards …

Using a 50 percent sample of all establishments in the German private sector, we report that spinoffs are larger and … find that spinoffs are less likely to exit than other startups. We show that in West and East Germany and in all sectors … investigated pulled spinoffs (where the parent company continues after they are founded) generally have the lowest exit hazards …

Using a 50 percent sample of all establishments in the German private sector, we report that spinoffs are larger and … find that spinoffs are less likely to exit than other startups. We show that in West and East Germany and in all sectors … investigated pulled spinoffs (where the parent company continues after they are founded) generally have the lowest exit hazards …

Using a 50 percent sample of all establishments in the German private sector, we report that spinoffs are larger and … find that spinoffs are less likely to exit than other startups. We show that in West and East Germany and in all sectors … investigated pulled spinoffs (where the parent company continues after they are founded) generally have the lowest exit hazards …

Using a 50 percent sample of all establishments in the German private sector, we report that spinoffs are larger and … find that spinoffs are less likely to exit than other startups. We show that in West and East Germany and in all sectors … investigated pulled spinoffs (where the parent company continues after they are founded) generally have the lowest exit hazards …

Using a 50 percent sample of all establishments in the German private sector, we report that spinoffs are larger and … find that spinoffs are less likely to exit than other startups. We show that in West and East Germany and in all sectors … investigated pulled spinoffs (where the parent company continues after they are founded) generally have the lowest exit hazards …