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Sponsored Spin-offs, Industrial Growth and Change
This paper focuses on the role of sponsored spin-offs for industrial growth and dynamics. A sponsored spin-off is a firm born out of the venturing activities and the active involvement of an established organization; in this paper the latter in the form of retained partial ownership in the new firm.
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http://www.sciencedirect.com/science?_ob=ArticleURL&_aset=V-WA-A-W-A-MsSAYZA-UUA-U-AAVCVDYDYD-AAVBUCECYD-DBYVDWDYV-A-U&_rdoc=1&_fmt=summary&_udi=B6V8B-4FT0P4M-1&_coverDate=06%2F30%2F2006&_cdi=5866&_orig=search&_st=13&_sort=d&view=c&_acct=C000050221&_versi