{"id":"https://openalex.org/W2013692960","doi":"https://doi.org/10.1002/smj.928","title":"Examining the performance effects of post spin\u2010off links to parent firms: should the apron strings be cut?","display_name":"Examining the performance effects of post spin\u2010off links to parent firms: should the apron strings be cut?","publication_year":2011,"publication_date":"2011-03-14","ids":{"openalex":"https://openalex.org/W2013692960","doi":"https://doi.org/10.1002/smj.928","mag":"2013692960"},"language":"en","primary_location":{"id":"doi:10.1002/smj.928","doi":"https://doi.org/10.1002/smj.928","is_oa":false,"landing_page_url":"https://doi.org/10.1002/smj.928","pdf_url":null,"source":{"id":"https://openalex.org/S102949365","display_name":"Strategic Management Journal","issn_l":"0143-2095","issn":["0143-2095","1097-0266"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-1-star","ft50","jufo-3","norway-2","poland-200","russia-white-list-1","utd24","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Strategic Management Journal","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5072386434","display_name":"Matthew Semadeni","orcid":"https://orcid.org/0000-0002-4240-7007","observed_orcids":["https://orcid.org/0000-0002-4240-7007"]},"institutions":[{"id":"https://openalex.org/I4210119109","display_name":"Indiana University Bloomington","ror":"https://ror.org/02k40bc56","country_code":"US","type":"education","lineage":["https://openalex.org/I4210119109","https://openalex.org/I592451"]},{"id":"https://openalex.org/I592451","display_name":"Indiana University","ror":"https://ror.org/01kg8sb98","country_code":"US","type":"education","lineage":["https://openalex.org/I592451"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Matthew Semadeni","raw_affiliation_strings":["Kelley School of Business, Indiana University, Bloomington, Indiana, U.S.A"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Kelley School of Business, Indiana University, Bloomington, Indiana, U.S.A","institution_ids":["https://openalex.org/I4210119109","https://openalex.org/I592451"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5068205980","display_name":"Albert A. Cannella","orcid":"https://orcid.org/0000-0002-9261-782X","observed_orcids":["https://orcid.org/0000-0002-9261-782X"]},"institutions":[{"id":"https://openalex.org/I114832834","display_name":"Tulane University","ror":"https://ror.org/04vmvtb21","country_code":"US","type":"education","lineage":["https://openalex.org/I114832834"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Albert A. Cannella","raw_affiliation_strings":["Tulane University, New Orleans, Louisiana, U.S.A"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Tulane University, New Orleans, Louisiana, U.S.A","institution_ids":["https://openalex.org/I114832834"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":3,"corresponding_author_ids":["https://openalex.org/A5072386434"],"corresponding_institution_ids":["https://openalex.org/I4210119109","https://openalex.org/I592451"],"apc_list":{"value":4250,"currency":"USD","value_usd":4250},"apc_paid":null,"fwci":22.0826,"has_fulltext":false,"cited_by_count":104,"citation_normalized_percentile":{"value":0.99012401,"is_in_top_1_percent":true,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":92,"max":99},"biblio":{"volume":"32","issue":"10","first_page":"1083","last_page":"1098"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9951000213623047,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9951000213623047,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11912","display_name":"Outsourcing and Supply Chain Management","score":0.0012000000569969416,"subfield":{"id":"https://openalex.org/subfields/1404","display_name":"Management Information Systems"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11843","display_name":"Family Business Performance and Succession","score":0.0010000000474974513,"subfield":{"id":"https://openalex.org/subfields/1407","display_name":"Organizational Behavior and Human Resource Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/spin-offs","display_name":"spin-offs","score":0.828000009059906},{"id":"https://openalex.org/keywords/stock-market-performance","display_name":"stock market performance","score":0.7099999785423279},{"id":"https://openalex.org/keywords/parental-monitoring","display_name":"parental supervision","score":0.6159999966621399},{"id":"https://openalex.org/keywords/transaction-cost-economics","display_name":"transaction cost economics","score":0.8949999809265137},{"id":"https://openalex.org/keywords/agency-theory","display_name":"agency theory","score":0.9769999980926514},{"id":"https://openalex.org/keywords/corporate-governance","display_name":"corporate governance","score":0.503000020980835}],"concepts":[{"id":"https://openalex.org/C2992649737","wikidata":"https://www.wikidata.org/wiki/Q283308","display_name":"Spin offs","level":2,"score":0.6789854168891907},{"id":"https://openalex.org/C108170787","wikidata":"https://www.wikidata.org/wiki/Q3951828","display_name":"Agency (philosophy)","level":2,"score":0.6560236811637878},{"id":"https://openalex.org/C98965940","wikidata":"https://www.wikidata.org/wiki/Q877496","display_name":"Transaction cost","level":2,"score":0.5975044369697571},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.4923499822616577},{"id":"https://openalex.org/C36673458","wikidata":"https://www.wikidata.org/wiki/Q392896","display_name":"Agency cost","level":4,"score":0.47650614380836487},{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.4246498942375183},{"id":"https://openalex.org/C162853370","wikidata":"https://www.wikidata.org/wiki/Q39809","display_name":"Marketing","level":1,"score":0.3436623811721802},{"id":"https://openalex.org/C4249254","wikidata":"https://www.wikidata.org/wiki/Q3044431","display_name":"Demographic economics","level":1,"score":0.34286758303642273},{"id":"https://openalex.org/C15744967","wikidata":"https://www.wikidata.org/wiki/Q9418","display_name":"Psychology","level":0,"score":0.3406321108341217},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.3246486783027649},{"id":"https://openalex.org/C40700","wikidata":"https://www.wikidata.org/wiki/Q1411783","display_name":"Industrial organization","level":1,"score":0.223395437002182},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.17019838094711304},{"id":"https://openalex.org/C144024400","wikidata":"https://www.wikidata.org/wiki/Q21201","display_name":"Sociology","level":0,"score":0.1546630859375},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.093984454870224},{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.06337636709213257},{"id":"https://openalex.org/C78519656","wikidata":"https://www.wikidata.org/wiki/Q101333","display_name":"Mechanical engineering","level":1,"score":0.0},{"id":"https://openalex.org/C120757647","wikidata":"https://www.wikidata.org/wiki/Q381136","display_name":"Shareholder","level":3,"score":0.0},{"id":"https://openalex.org/C36289849","wikidata":"https://www.wikidata.org/wiki/Q34749","display_name":"Social science","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1002/smj.928","doi":"https://doi.org/10.1002/smj.928","is_oa":false,"landing_page_url":"https://doi.org/10.1002/smj.928","pdf_url":null,"source":{"id":"https://openalex.org/S102949365","display_name":"Strategic Management Journal","issn_l":"0143-2095","issn":["0143-2095","1097-0266"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-1-star","ft50","jufo-3","norway-2","poland-200","russia-white-list-1","utd24","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Strategic Management Journal","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[{"id":"https://openalex.org/F4320334273","display_name":"Kelley School of Business, Indiana University","ror":null}],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":59,"referenced_works":["https://openalex.org/W46044913","https://openalex.org/W52169070","https://openalex.org/W77666782","https://openalex.org/W151157839","https://openalex.org/W228607438","https://openalex.org/W266848492","https://openalex.org/W1490737316","https://openalex.org/W1529309094","https://openalex.org/W1538548636","https://openalex.org/W1551653989","https://openalex.org/W1566269525","https://openalex.org/W1588553128","https://openalex.org/W1606272114","https://openalex.org/W1968822295","https://openalex.org/W1979927021","https://openalex.org/W1981040307","https://openalex.org/W1982218054","https://openalex.org/W1983177532","https://openalex.org/W1986677745","https://openalex.org/W1989975934","https://openalex.org/W1999474381","https://openalex.org/W2020885086","https://openalex.org/W2025579080","https://openalex.org/W2030936531","https://openalex.org/W2034908742","https://openalex.org/W2035506393","https://openalex.org/W2045962543","https://openalex.org/W2047647742","https://openalex.org/W2050083175","https://openalex.org/W2052866302","https://openalex.org/W2058156365","https://openalex.org/W2068155429","https://openalex.org/W2077257927","https://openalex.org/W2080925465","https://openalex.org/W2082504580","https://openalex.org/W2082745103","https://openalex.org/W2092026457","https://openalex.org/W2095299437","https://openalex.org/W2117455041","https://openalex.org/W2120578026","https://openalex.org/W2124446838","https://openalex.org/W2131218931","https://openalex.org/W2131701320","https://openalex.org/W2137358449","https://openalex.org/W2142448355","https://openalex.org/W2145767742","https://openalex.org/W2154700690","https://openalex.org/W2161565520","https://openalex.org/W2162112502","https://openalex.org/W2172172133","https://openalex.org/W2321396344","https://openalex.org/W3121684335","https://openalex.org/W3122213201","https://openalex.org/W3124140110","https://openalex.org/W3125062060","https://openalex.org/W3141341243","https://openalex.org/W4229701870","https://openalex.org/W4234893036","https://openalex.org/W4285719527"],"related_works":["https://openalex.org/W2296602052","https://openalex.org/W3124242473","https://openalex.org/W4247479256","https://openalex.org/W2124446838","https://openalex.org/W3168038306","https://openalex.org/W7160295486","https://openalex.org/W7028302486","https://openalex.org/W1974586608","https://openalex.org/W2618851478","https://openalex.org/W1905549493"],"abstract_inverted_index":{"Abstract":[0],"Little":[1],"research":[2],"has":[3],"examined":[4],"the":[5,9,15,20,24,32,58,78],"performance":[6,64,115],"implications":[7],"of":[8,19,27,44,110],"parent\u2010child":[10],"relationship":[11],"post":[12,28,65,111],"spin\u2010off.":[13,66],"Although":[14],"parent":[16,59,122],"provided":[17],"oversight":[18,54],"child":[21,33,71,113,124],"prior":[22],"to":[23,31,77,87],"spin\u2010off,":[25],"effects":[26],"spin\u2010off":[29,112],"links":[30,76,83],"remain":[34],"unclear.":[35],"Applying":[36],"transaction":[37],"cost":[38],"and":[39,50,55,103,116,123],"agency":[40],"theories,":[41],"our":[42],"study":[43,107],"142":[45],"firms":[46,72],"spun\u2010off":[47],"between":[48,97],"1986":[49],"1997":[51],"examines":[52],"how":[53],"ownership":[56],"by":[57],"firm":[60,114],"influence":[61],"stock":[62],"market":[63],"We":[67],"find":[68],"that":[69,92],"while":[70],"benefit":[73],"from":[74],"some":[75],"parent,":[79],"having":[80,98],"too":[81,99],"many":[82],"is":[84,94],"negatively":[85],"related":[86],"performance.":[88],"The":[89],"findings":[90],"suggest":[91],"there":[93],"a":[95],"balance":[96],"much":[100],"parental":[101],"involvement":[102],"not":[104],"enough.":[105],"Our":[106],"extends":[108],"understanding":[109],"provides":[117],"valuable":[118],"insights":[119],"for":[120],"both":[121],"firms.":[125],"Copyright":[126],"\u00a9":[127],"2011":[128],"John":[129],"Wiley":[130],"&":[131],"Sons,":[132],"Ltd.":[133]},"counts_by_year":[{"year":2026,"cited_by_count":1},{"year":2025,"cited_by_count":6},{"year":2024,"cited_by_count":6},{"year":2023,"cited_by_count":9},{"year":2022,"cited_by_count":8},{"year":2021,"cited_by_count":8},{"year":2020,"cited_by_count":8},{"year":2019,"cited_by_count":8},{"year":2018,"cited_by_count":9},{"year":2017,"cited_by_count":6},{"year":2016,"cited_by_count":9},{"year":2015,"cited_by_count":5},{"year":2014,"cited_by_count":6},{"year":2013,"cited_by_count":10},{"year":2012,"cited_by_count":5}],"updated_date":"2026-11-04T10:54:05.112534","created_date":"2016-06-24T00:00:00"}