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Kristina von Rhein
''Heritage and Firm Survival - An Analysis of German Automobile Spinoffs 1886-1939''
( 2008, Vol. 12 No.13 )
The theory predicts that spinoffs of successful parents are more successful than others. The success of the parents can be measured in two ways, either in terms of their survival duration or concerning their innovative activity. In this paper, the survival chances of spinoffs in the German automobile industry regarding the success of their parents will be investigated. Therefore it is differentiated between spinoffs of old parents and spinoffs of innovative parents. The results of the Cox regressions show that spinoffs of old parents have better survival chances than those of innovative parents.
Keywords: firm survival
JEL: L1 - Market Structure, Firm Strategy, and Market Performance: General
L6 - Industry Studies: Manufacturing: General
Manuscript Received : Mar 19 2008 Manuscript Accepted : Apr 07 2008

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