Characteristics and Performance of New Firms and Spinoffs in Sweden

55 Pages Posted: 11 Feb 2012

See all articles by Martin Andersson

Martin Andersson

affiliation not provided to SSRN

Steven Klepper

Carnegie Mellon University - David A. Tepper School of Business

Date Written: February 7, 2012

Abstract

We analyze the rate of formation, the characteristics, and the performance of different types of new firms in Sweden over a decade. Comparisons to Denmark, Brazil, and the U.S. suggest that the environment for new firm formation in Sweden is not markedly different than elsewhere. In line with previous studies, spinoffs of incumbents perform better than other types of new firms, particularly if their parent firm continues to operate. A novel findings is that the rate of employment growth of spinoffs is greater the larger the size of their parent, which contrast sharply with findings for firms with a single owner.

Keywords: Sweden, Spinoffs, New firm formation, Entrepreneurship, Performance, Employment growth

JEL Classification: M13, J60

Suggested Citation

Andersson, Martin and Klepper, Steven, Characteristics and Performance of New Firms and Spinoffs in Sweden (February 7, 2012). IFN Working Paper No. 902-2012, Available at SSRN: https://ssrn.com/abstract=2002784 or http://dx.doi.org/10.2139/ssrn.2002784

Martin Andersson (Contact Author)

affiliation not provided to SSRN ( email )

Steven Klepper

Carnegie Mellon University - David A. Tepper School of Business ( email )

5000 Forbes Avenue
Pittsburgh, PA 15213-3890
United States
412-268-3235 (Phone)
412-268-6938 (Fax)

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