We investigate entry in a dynastic entrepreneurship (overlapping generations) environment created by employee spinoffs … increases the rate of spinoffs from original firms. Indeed, if employers have all the bargaining power vis-à-vis their employees …, optimal entry of original firms and all subsequent employee spinoffs is achieved, despite the fact that the original firm can …

entrants perform better relative to startups. Contrary to earlier studies, we find that spin-offs do not perform any better … performance of incumbent Information and Communication Technologies (ICT) firms compared to startups. We find that diversifying … than other startups. Moreover, firms founded by serious hobbyists and tinkerers, whom we call hackers, perform markedly …

entrants perform better relative to startups. Contrary to earlier studies, we find that spin-offs do not perform any better … performance of incumbent Information and Communication Technologies (ICT) firms compared to startups. We find that diversifying … than other startups. Moreover, firms founded by serious hobbyists and tinkerers, whom we call hackers, perform markedly …

studies, we find that spin-offs are rare in the ISM. Moreover, they do not perform any better than other startups. Also, firms …) firms compared to startups. We find that diversifying entrants perform better relative to startups. Contrary to earlier … founded by entrepreneurs from unrelated industries, perform markedly better than other startups. These findings reflect the …