Impact of the Type of Corporate Spin-Off on Growth


Els Van de Velde, tel.: (+32) 9-264-89-82; e-mail:, to Johan Bruneel at and, and to Bart Clarysse at and


Although previous research shows that corporate spin-offs contribute to economic growth, few studies link growth to the type of corporate spin-off. We distinguish between three types of corporate spin-offs: incumbent-backed, opportunity, and necessity spin-offs. Using empirical data on 46 corporate spin-offs in Flanders, we find that opportunity spin-offs outperform the other two types. By identifying the type of corporate spin-offs, this study aims to add to our knowledge on the relationship between spin-off type and firm growth.