Yang, Chih-Hai; Lin, Hui-Lin; Li, Hsiao-Yun - In: Industry and Innovation 17 (2010) 3, pp. 285-307
The startup mode of spinoffs founded by R&D employees (R&D spinoffs) within the same industry is widespread in high-tech industries. The founders usually own specific human capital and key technological capability, enabling them to take the operational risk and to appropriate rewards of...