|Institution:||Blekinge Institute of Technology|
|Keywords:||economics - macro economics; m13; j60|
|Full text PDF:||http://www.bth.se/fou/forskinfo.nsf/all/1ee873f4049bdc1ac1257ce4005b9efe?OpenDocument|
We analyse the rate of formation, the characteristics, and the performance of different types of new firms in Sweden over a decade. Comparisons with Denmark, Brazil, and the United States suggest that the environment for new firm formation in Sweden is not markedly different than elsewhere. In line with previous studies, spin-offs of incumbents perform better than other types of new firms, particularly if their parent firm continues to operate. A novel finding is that the larger the size of their parent, the greater is the rate of employment growth of spin-offs. This contrasts sharply with findings for firms with a single owner.