adequate. We focus on the impact of the firm's history of spawning decisions on firm characteristics such as size, focus …, profitability, and innovativeness, and analyze its role in shaping firm dynamics. In accordance with the empirical literature, our …

negatively related with firm size. Innovation Incentives, Spawning, Spinouts, Organizational Fit, Firm Size, Firm Focus, Firm …, profitability, and innovativeness. We examine the dynamics of spawning over time. Our model accounts for much of the empirical … frequency, focus, and profitability are positively related where spawning is driven by the value of organizational fit; they are …

adequate. We focus on the impact of the firm's history of spawning decisions on firm characteristics such as size, focus …, profitability, and innovativeness, and analyze its role in shaping firm dynamics. In accordance with the empirical literature, our …