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Spinoffs and the Mobility of U.S. Merchant Semiconductor Inventors

Author

Listed:
  • Cristobal Cheyre

    (Department of Engineering and Public Policy, Carnegie Mellon University, Pittsburgh, Pennsylvania 15213; Católica Lisbon School of Business and Economics, Universdidade Católica Portuguesa, 1649-023 Lisbon, Portugal; and School of Engineering, Pontificia Universidad Católica de Chile, Santiago, Chile)

  • Steven Klepper

    (Formerly of the Department of Social and Decision Sciences, Carnegie Mellon University, Pittsburgh, Pennsylvania)

  • Francisco Veloso

    (Católica Lisbon School of Business and Economics, Universdidade Católica Portuguesa, 1649-023 Lisbon, Portugal)

Abstract
Data on inventors and assignees of patents are used to analyze the mobility of semiconductor inventors. Exploiting data on the origins of semiconductor producers with larger sales, we argue that the higher mobility of semiconductor inventors in Silicon Valley is in great part due to the entry of spinoffs there. Our empirical evidence suggests that spinoff entry promoted mobility in Silicon Valley even before the industry was clustered there. Agglomeration economies and the ban on noncompete covenants may influence spinoff entry, but spinoffs promote mobility even in the absence of those conditions. Because most of the greater inventor mobility in Silicon Valley corresponds to inventors moving from incumbents to recent entrants, the benefits that arise from greater mobility rates will be disproportionately reaped by new firms. This paper was accepted by Lee Fleming, entrepreneurship and innovation .

Suggested Citation

  • Cristobal Cheyre & Steven Klepper & Francisco Veloso, 2015. "Spinoffs and the Mobility of U.S. Merchant Semiconductor Inventors," Management Science, INFORMS, vol. 61(3), pages 487-506, March.
    • Handle: RePEc:inm:ormnsc:v:61:y:2015:i:3:p:487-506
    DOI: 10.1287/mnsc.2014.1956
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    2. Shu-Hao Chang, 2024. "International Technology Market Hotspots and Development Trends from the Perspective of Inventor Mobility," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(1), pages 2361-2382, March.
    3. Liu, Shasha & Kong, Dongmin & Zhang, Jian, 2024. "Air pollution-induced brain drain: Evidence from inventor mobility," International Review of Financial Analysis, Elsevier, vol. 91(C).
    4. Argote, Linda & Fahrenkopf, Erin, 2016. "Knowledge transfer in organizations: The roles of members, tasks, tools, and networks," Organizational Behavior and Human Decision Processes, Elsevier, vol. 136(C), pages 146-159.
    5. Cristina Carias & Steven Klepper & Rui Baptista, 2023. "Entrepreneurship, the initial labor force, and the location of new firms," Small Business Economics, Springer, vol. 60(3), pages 865-890, March.
    6. Fontana, Roberto & Zirulia, Lorenzo, 2023. "How far from the tree does the (good) apple fall? Spinout creation and the survival of high-tech firms," Journal of Economic Behavior & Organization, Elsevier, vol. 213(C), pages 26-49.
    7. Hervas-Oliver, Jose-Luis & Lleo, María & Cervello, Roberto, 2017. "The dynamics of cluster entrepreneurship: Knowledge legacy from parents or agglomeration effects? The case of the Castellon ceramic tile district," Research Policy, Elsevier, vol. 46(1), pages 73-92.
    8. Benjamin Balsmeier & Lee Fleming & Matt Marx & Seungryul Ryan Shin, 2020. "Startups, Unicorns, and the Local Inflow of Inventors," NBER Working Papers 27605, National Bureau of Economic Research, Inc.
    9. Andrea Morrison, 2018. "Spinoffs, parents, and institutions: Evidence from the Italian motorcycle industry," Papers in Evolutionary Economic Geography (PEEG) 1840, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Nov 2018.
    10. Carla Costa & Rui Baptista, 2023. "Knowledge inheritance and performance of spinouts," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 13(1), pages 29-55, March.
    11. Wai, Sebastian, 2023. "Inventor mobility and spillovers in the early semiconductor industry," Technology in Society, Elsevier, vol. 75(C).

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