Mobilizing Social Capital Through Employee Spinoffs
---- Acknowledgements -----
We thank Joel Sobel and Joel Watson for many insightful discussions. We received valuable comments from Ronald Gilson, John Ries, and participants in the Harvard Business School International Research Conference, the Santa Cruz Institute for International Economics, the NBER Entrepreneurship Working Group, the ZEW Workshop on Spin-off Entrepreneurship, and seminars at Boston University, Booth School of Business, Harris School for Public Policy, University of Oregon and UC San Diego. Muendler and Rauch acknowledge IGC support (RA-2010-03-02) with gratitude, Muendler also acknowledges NSF support (SES-0550699) with gratitude. Muendler is also affiliated with CAGE. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.