by spinoffs does, indeed, have a positive impact on incumbent innovation. -- Innovation ; entry ; spinoff …This paper takes a different perspective toward the escape entry incentive of incumbent firms to innovate. New entrants … incumbents are not willing or able to exploit. Accordingly, incumbent innovation determines exploitable knowledge externalities …

Established firms often face significant obstacles to innovation. As a solution, it has been suggested to form … monitored by their corporate sponsors, resulting in less favorable conditions for radical innovation. -- Corporate … entrepreneurship ; start-ups ; radical innovation …

either mayflies or longdistance runners. -- Entry and exit ; growth ; hit-and-run competition ; innovation ; dynamic panel …