Brazilian employee spin-off's survival and growth
pulled and pushed spin-offs.
DOI:
https://doi.org/10.20401/rasi.7.1.511Keywords:
Spin-off de Empregados; Sobrevivência de Firmas; Crescimento de Firmas; Empreendedorismo.Abstract
Although a stylized fact in the literature is that employee spin-off has higher survival likelihood compared to other entrants, their growth advantage is not clear in the literature. Using linked employer-employee data for Brazil we identify spin-off and differentiate between pulled (opportunity) and pushed (necessity) spin-offs, when the parent firm is active or not, respectively. Controlling for worker, firm and sector characteristics, results suggest that Brazilian spin-offs have higher growth and survival rates compared to other entrants. When comparing pulled and pushed spin-offs, both have similar survival rates, but pushed spin-offs have lower growth rates than regular entrants and pulled spin-offs. Besides, SIMPLES Nacional has import role in keeping firms alive but limiting growth and jobs generation.
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