Spinouts – entrepreneurial ventures founded by ex-employees of incumbent firms within the same industry – have emerged in numerous industries. Some existing literature argues that they typically have a negative association with their parents’ performance due to the loss of human capital,...

Economic theory implies that research and development (R&D) efforts increase firm productivity and ultimately profits. In particular, R&D expenses lead to the development of intellectual property (IP) and IP commands a return that increases overall profits of the firm. This hypothesis is...

Economic theory implies that research and development (R&D) efforts increase firm productivity and ultimately profits. In particular, R&D expenses lead to the development of intellectual property (IP) and IP commands a return that increases overall profits of the firm.This hypothesis is...

The impact of FDI onto host countries economies is heavily debated, particularly for transition economies. However, sectoral research is scarce. Building on Aristotelous and Fountas (1996) and using data from automobile manufacturers associations (OICA and ACEA), we analyze the impact of...

Internationalization increases firms’ vulnerability to cyclical fluctuations in growth. For this reason, it is at best a positive strategy for a few firms; but certainly not for all. It is from this perspective that the present chapter will try to develop a quantitative analysis of the...

This case provides background material about the takeover attempt of one of the world's largest automobile manufacturers, Volkswagen, by the small sports car manufacturer, Porsche. It covers the period from spring 2005 through August 2009. This drama ends in a complete reversal, the acquisition...

This case provides background material about the takeover attempt of one of the world's largest automobile manufacturers, Volkswagen, by the small sports car manufacturer, Porsche. It covers the period from spring 2005 through August 2009. This drama ends in a complete reversal, the acquisition...

Technological and organizational change in the automotive sector is pushing the outsourcing of production to limits which would probably be astonishing a few years ago. Whereas vehicle brand owners tend to specialize in design, research and marketing, their suppliers produce components and...