What Explains the Survival Gap of Pushed and Pulled Corporate Spin-offs?

Based on the PhD thesis of Vera Rocha this article has been published in Economics Letters.

Abstract: Unconditionally, pushed spin-offs are found to survive longer than their pulled counterparts. Using matched employer-employee data and novel multivariate decomposition techniques, we show that pushed spin-offs’ relative survival advantage is mostly explained by their larger human capital endowments at entry.

Find the article here.

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