By building on a knowledge-based view of the firm, this paper addresses a relatively unexplored area of roles and dynamics of corporate governance in younger, threshold firms that are undergoing a transition from the emergence to the professional management stage. Our analysis is focused on the...

A spin-out happens when an employee quits a company to start a new venture; however, theories do not agree on whether the "spin-out entrepreneur" will start the company in the same or in a different industry. We investigated a sample of 250 entrepreneurs and 120 spin-out companies to understand...