An Economic System of Technology-related Acquisitions and Spin-offs
This paper argues that an economic system of large and small technology-based firms which interact through technology-related acquisitions and spin-offs can be highly conducive to overall innovativeness and growth. Based on Williamson's (1975) suggestion of a 'systems solution by classical specialisation', and the empirical research on Swedish technology-based firms reported by Lindholm (1994), an