Muendler, Marc-Andreas; Rauch, James E.; Tocoian, Oana - In: International Journal of Industrial Organization 30 (2012) 5, pp. 447-458
We gauge the prevalence and performance of firms founded as employee spinoffs, relative to other new firms with and without parents, and relative to diversification ventures of existing firms entering new industries. Using a comprehensive linked employer–employee database from Brazil for the...