Success Factors of Corporate Spin-Offs

ISBN-13: 9781402076787 / Angielski / Twarda / 2003 / 257 str.

Alexander Tubke; Alexander T]bke

Opis

Corporate Spin-Off processes are very interesting phenomena for management theory and practice. In theory, Corporate Spin-Offs are both a driver and a result of organisational change, offering the possibility to investigate an area where companies are genuinely sharing experience and best practice. In practice, Corporate Spin-Off processes are frequent and highly successful, but not as well-regarded as Merger and Acquisition strategies and less understood by the decision-makers. Success Factors of Corporate Spin-Offs was designed to meet these demands by analysing the success factors of Corporate Spin-Offs, their relative contribution to the process and the role of the different actors involved. Based on an extensive literature review and a new Spin-Off typology, a broad range of success factors and success dimensions is proposed. Using a combination of multivariate models, the responses from 211 European companies to a questionnaire are analysed and typologies derived.

Spis treści

Preface Abstract Executive Summary 1: General Considerations On Spin-Offs 1.1. Introduction 1.2. Existing Definitions Of Corporate Spin-Offs 1.3. A General Typology Of Existing Definitions 1.4. A Survey Of Existing Research 1.5. A Proposal For Spin-Off Classification By Factors Of Competitiveness 1.6. Characteristics Of Corporate Spin-Offs 1.7. Effects Of Corporate Spin-Offs 1.8. A Conceptual Phase Model 1.9. Development Of A Definition 1.10. Summary Of The Existing Research 2: Factors Affecting Spin-Off Processes 2.1. Introduction 2.2. Factors from Literature 2.2.1 Factors related to the business activity 2.2.2 Factors related to Organisation and Governance 2.2.3 Relationship and Support Factors 2.2.4 Transfer Factors 2.2.5 Motivational Factors 2.2.6 Factors from the Business Environment 2.3. New Factors To Be Considered 2.3.1 Business-related Factors 2.3.2 Organisational and Governance Factors 2.3.3 Motivational Factors 2.4. Summary Overview 2.5. Research Questions 3: Development Of An Empirical Model 3.1. Introduction 3.2. Preceding Analyses And Underlying Models 3.2.1 Univariate Models: Event-Date Analysis 3.2.2 Multivariate Models 3.3. Summary Of The Empirical Review 3.4. Steps Of Analysis To Investigate The Research Questions 3.4.1 Analysis of the Process Factors 3.4.2 Analysis of the Success Factors 3.4.3 Summary of the Steps of Analysis and their Relation to the Research Questions 3.5. Presentation Of The Models Involved In The Analysis 3.6. Degree Of Novelty And Expected Contribution To Science 4: Development Of The Questionnaire 4.1. Introduction 4.2. Basic Considerations For Questionnaire Design 4.2.1 Formulation of the Questions 4.2.2 Order of the Questions 4.2.3 Layout of the Questionnaire 4.2.4 Revision and Pretest 4.3. Formulation Of The Factors In The Questionnaire 4.4. Development And Operationalisation Of The Success Dimensions 4.5. Relationship Between The Questionnaire And The Scales For Analysis 4.6. Structure And Design Of The Questionnaire 4.7. Sample Size And Composition 4.7.1 Sample Size 4.7.2 Sample Composition 5: Analysis Of The Results 5.1. Introduction 5.2. Descriptive Statistics Of The Responses To The Questionnaire 5.2.1 Responses by country 5.2.2 Responses by Sector 5.2.3 Main Characteristics of the Companies in the Sample 5.3. 'Bottom up' Typologies 5.3.1 A 'Bottom-up' Typology for all Cases 5.3.2 A 'Bottom-up' Typology for Spin-Offs and Parents 5.3.3 Main Characteristics of Parents and Spin-Offs by Process Type 5.3.4 Differences between Parents and Spin-Offs by Process Types 5.4. Motives For The Spin-Off Decision 5.5. Establishment Of The Success Dimensions 5.5.1 Objective Success Dimensions 5.5.2 Subjective Success Dimensions 5.5.3 Summary of the Success Dimensions 5.6. Importance Of The Single Factors 5.6.1 Factors related to the Business Activity 5.6.2 Organisational and Governance Factors 5.6.3 Relationship and Support Factors 5.6.4 Transfer Factor 5.6.5 Motivational Factors 5.6.6 Business Environment Factors 5.7. 'Top-Down' Typologies 5.7.1 Typologies by the Role in the Spin-Off Process 5.7.2 Top-Down Typology by Success Dimensions 5.8. Summary Of The Results 6: Synthesis And Conclusions 6.1. Introduction 6.2. Contributions To The Research Questions 6.2.1 Contributions of the Individual Factors 6.2.2 Influence of the Interplay of Factors 6.2.3 Typologies of factors 6.2.4 Conclusions for Institutional Spin-Offs, Non Spin-Offs and Policymakers 6.3. Future Research Needs Annex: A.1 Methods Of Analysis And Their Evaluation A.2 Criteria For Data Generation A.3 The Questionnaire A.4 Example Results

O autorze

Developed on the basis of a comprehensive literature review and research questions, this work analyzes the success factors of corporate spin-offs, their relative contribution to the process and the role of the different actors involved. The authors propose a broad range of success factors and success dimensions. Using a combination of multivariate models, the responses to a questionnaire from 211 European companies are analyzed and typologies derived. The result is a new and comprehensive perspective on the relative contribution of each success factor, their interaction, and the behavior of both the parent and the spin-off companies in the process.