Distinguishing between spinouts and non-spinouts: allocating control rights in biotechnology alliances
by Jongwook Kim; Marko Madunic
International Journal of Learning and Intellectual Capital (IJLIC), Vol. 11, No. 4, 2014

Abstract: Spinouts are startups founded by employees of established firms in the same industry. Spinouts inherit technological and market-related knowledge from their parent companies. In contrast, non-spinout startups that do not have such close connections to an industry incumbent firm will have a different endowment of technological and market knowledge. Given this contrast between different startups in a risky science-based industry such as biotechnology, we explore whether spinout startups are different from non-spinouts in how control rights are allocated in strategic alliances. We develop a predictive model to distinguish whether an alliance is a spinout startup or a non-spinout startup.

Online publication date: Sun, 11-Jan-2015

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