Muendler, Marc-Andreas; Hirakawa, Oana; Rauch, James E. - National Bureau of Economic Research (NBER) - 2010
Using a comprehensive linked employer-employee database from Brazil for the period 1995-2001, we are able for the first time to compare firms founded as employee spinoffs to new firms without parents and to diversification ventures of existing firms entering a new industry. Employee spinoffs are...