Firm strategy and age dependence: A contingent view of the liabilities of newness, adolescence, and obsolescence

Administrative Science Quarterly

Volumn 44, Issue 2, 1999, Pages 281-314

  Henderson, Andrew D ^a  

^a NONE

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0033243275     PISSN: 00018392     EISSN: None     Source Type: Journal    
DOI: 10.2307/2666997     Document Type: Review

References (100)

1. Aaker, David A., and Robert Jacobson 1987 "The role of risk in explaining differences in profitability." Academy of Management Journal, 30: 277-296.
2. Allison, Paul D. 1977 "Testing for interaction in multiple regression." American Journal of Sociology, 83: 144-153.
3. 1982 "Discrete-time methods for the analysis of event histories." In S. Leinhardt (ed.), Sociological Methodology, 12: 61-98. San Francisco: Jossey-Bass.
4. 1984 Event History Analysis: Regression for Longitudinal Event Data. Beverly Hills, CA: Sage
5. Amburgey, Terry L., Dawn Kelly, and William P. Barnett 1993 "Resetting the clock: The dynamics of organizational change and failure." Administrative Science Quarterly, 38: 51-73.
6. Anderson, Philip 1995 "Microcomputer manufacturers." In G. R. Carroll and M. T. Hannan (eds.), Organizations in Industry: 37-58. New York: Oxford University Press.
7. Anderson, Philip, and Michael L. Tushman 1990 "Technological discontinuities and dominant designs: A cyclical model of technological change." Administrative Science Quarterly, 35: 604-633.
8. Astley, W. G. 1985 "The two ecologies: Population and community perspectives on organizational evolution." Administrative Science Quarterly, 30: 224-241.
9. Barnett, William P. 1990 "The organizational ecology of a technological system." Administrative Science Quarterly, 35: 31-60.
10. 1994 "The liability of collective action: Growth and change among early American telephone companies." In J. A.C. Baum and J. V. Singh (eds.), Evolutionary Dynamics of Organizations: 337-354. New York: Oxford University Press.
11. Barnett, William P., and Terry L. Amburgey 1990 "Do larger organizations generate stronger competition?" In J. V. Singh (ed.), Organizational Evolution: New Directions: 78-102. Newbury Park, CA: Sage.
12. Barnett, William P., Henrich R. Greve, and Douglas Y. Park 1994 "An evolutionary model of organizational performance." Strategic Management Journal, 15 (Winter special issue): 11-28.
13. Barney, Jay 1991 "Firm resources and sustained competitive advantage." Journal of Management, 17: 99-120.
14. Barron, David N., Elizabeth West, and Michael T. Hannan 1994 "A time to grow and a time to die: Growth and mortality of credit unions in New York City: 1914-1990." American Journal of Sociology, 100: 381-421.
15. Baum, Joel A. C. 1989 "Liabilities of newness, adolescence, and obsolescence: Exploring age dependence in the dissolution of organizational relationships and organizations." Proceedings of the Administrative Science Association of Canada, 10 (5): 1-10.
16. 1996 "Organizational ecology." In S. R. Clegg, C. Hardy, and W. R. Nord (eds.), Handbook of Organization Studies: 77-114. London: Sage.
17. Baum, Joel A. C., and Stephen J. Mezias 1992 "Localized competition and organizational failure in the Manhattan hotel industry, 1898-1990." Administrative Science Quarterly, 37: 580-604.
18. Baum, Joel A. C., and Christine Oliver 1991 "Institutional linkages and organizational mortality." Administrative Science Quarterly, 36: 187-218.
19. 1992 "Institutional embeddedness and the dynamics of organizational population." American Sociological Review, 57: 540-559.
20. Bers, Lipman, and Frank Karal 1976 Calculus, 2d ed. New York: Holt, Rinehart, and Winston.
21. Besen, Stanley M., and Joseph Farrell 1994 "Choosing how to compete: Strategies and tactics in standardization." Journal of Economic Perspectives, 8: 117-131.
22. Bettis, Richard A., and Michael A. Hitt 1995 "The new competitive landscape." Strategic Management Journal, 16 (Summer Special Issue): 7-19.
23. Boeker, Warren 1989 "Strategic change: The effects of founding and history." Academy of Management Journal, 32: 489-515.
24. Bower, Joseph L. 1970 Managing the Resource Allocation Process. Boston: Harvard Business School Press.
25. Brown, Shona L., and Kathleen M. Eisenhardt 1997 "The art of continuous change: Linking complexity and time-paced evolution in relentlessly shifting organizations." Administrative Science Quarterly, 42: 1-34.
26. Brüderl, Josef, and Rudolf Schüssler 1990 "Organizational mortality: The liabilities of newness and adolescence." Administrative Science Quarterly, 35: 530-547.
27. Capon, Noel, John U. Farley, and Scott Hoenig 1990 "Determinants of financial performance: A meta-analysis." Management Science, 36: 1143-1159.
28. Carroll, Glenn R. 1983 "A stochastic model of organizational mortality." Social Science Research, 12: 303-329.
29. 1985 "Concentration and specialization: Dynamics of niche width in populations of organizations." American Journal of Sociology, 90: 1262-1283.
30. Carroll, Glenn R., and Michael T. Hannan 1989a "On using institutional theory in studying organizational populations." American Sociological Review, 54: 545-548.
31. 1989b "Density delay in the evolution of organizational populations: A model and five empirical tests." Administrative Science Quarterly, 34: 411-430.
32. Ciscel, David H., and Thomas M. Carroll 1980 "The determinants of executive salaries: An econometric survey." Review of Economics and Statistics, 62: 7-13.
33. Cohen, Wesley M., and Daniel A. Levinthal 1990 "Absorptive capacity: A new perspective on learning and innovation." Administrative Science Quarterly, 35: 128-152.
34. David, Paul A. 1985 "Clio and the economics of QWERTY." AEA Papers and Proceedings, 75: 332-337.
35. David, Paul A., and Shane Greenstein 1990 "The economics of compatibility standards: An introduction to recent research." No. 207, Center for Economic Policy Research, Stanford University.
36. Dierickx, Ingemar, and Karel Cool 1989 "Asset stock accumulation and sustainability of competitive advantage." Management Science, 15: 1504-1511.
37. Dosi, Giovanni 1988 "Sources, procedures and microeconomic effects of innovation." Journal of Economic Literature, 26: 1120-1170.
38. Eisenhardt, Kathleen M. 1989 "Making fast strategic decisions in high-velocity environments." Academy of Management Journal, 32: 543-576.
39. Farrell, Joseph, and Garth Saloner 1985 "Standardization, compatibility and innovation." RAND Journal of Economics, 16: 70-83.
40. Fichman, Mark, and Daniel A. Levinthal 1991 "Honeymoons and the liability of adolescence: A new perspective on duration dependence in social and organizational relationships." Academy of Management Review, 16: 442-468.
41. Finkelstein, Sidney, and Donald C. Hambrick 1988 "Chief executive compensation: A synthesis and reconciliation." Strategic Management Journal, 9: 543-558.
42. Florida, Richard, and Martin Kenney 1990 The Breakthrough Illusion. New York: Basic Books.
43. Fredrickson, James W., and Terence R. Mitchell 1984 "Strategic decision processes: Comprehensiveness and performance in an industry with an unstable environment." Academy of Management Journal, 27: 399-423.
44. Freeman, John 1990 "Ecological analysis of semi-conductor firm mortality." In J. V. Singh (ed.), Organizational Evolution: New Directions: 53-77. Newbury Park, CA: Sage.
45. Freeman, John, Glenn R. Carroll, and Michael T. Hannan 1983 "The liability of newness: Age dependence in organizational death rates." American Sociological Review, 48: 692-710.
46. Greene, William H. 1993 Econometric Analysis, 2d ed. New York: Macmillan.
47. Gujarati, Damodar 1970 "Use of dummy variables in testing for equality between sets of coefficients in two linear regressions: A note." American Statistician, 24: 50-52.
48. Hannan, Michael T., and Glenn R. Carroll 1992 Dynamics of Organizational Populations. New York: Oxford University Press.
49. Hannan, Michael T., and John Freeman 1977 "The population ecology of organizations." American Journal of Sociology, 82: 929-964.
50. 1984 "Structural inertia and organizational change." American Sociological Review, 49: 149-164.
51. 1989 Organizational Ecology. Cambridge, MA: Harvard University Press.
52. Hannan, Michael T., James Ranger-Moore, and Jane Banaszak-Holl 1990 "Competition and the evolution of organizational size distributions." In J. V. Singh (ed.), Organizational Evolution: New Directions: 246-268. Newbury Park, CA: Sage.
53. Haveman, Heather A. 1992 "Between a rock and a hard place: Organizational change and performance under conditions of fundamental environmental transformation." Administrative Science Quarterly, 37: 48-75.
54. 1993 "Organizational size and change: Diversification in the savings and loan industry after deregulation." Administrative Science Quarterly, 38: 20-50
55. Heckman, James J. 1979 "Sample selection bias as a specification error." Econometrica, 47: 153-161.
56. Henderson, Rebecca M., and Kim B. Clark 1990 "Architectural innovation: The reconfiguration of existing product technologies and the failure of established firms." Administrative Science Quarterly, 35: 9-30.
57. Huber, George P. 1991 "Organizational learning: The contributing processes and the literatures." Organization Science, 2: 88-115.
58. Ingram, Paul, and Joel A. C. Baum 1997 "Chain affiliation and the failure of Manhattan hotels, 1898-1980." Administrative Science Quarterly, 42: 68-102.
59. Ingram, Paul L. 1993 "Old, tired, and ready to die: The age dependence of organizational mortality reconsidered." Paper presented at the annual meeting of the Academy of Management, Atlanta, GA.
60. Judge, George G., R. Carter Hill, William E. Griffiths, Helmut Lütkepohl, and Tsoung-Chao Lee 1988 Introduction to the Theory and Practice of Econometrics, 2d ed. New York: Wiley.
61. Katz, Michael L., and Carl Shapiro 1985 "Network externalities, competition, and compatibility." American Economic Review, 75: 424-440.
62. Lee, Lung-Fei 1983 "Generalized econometric models with selectivity." Econometrica, 51: 507-512.
63. Levinthal, Daniel A. 1991 "Random walks and organizational mortality." Administrative Science Quarterly, 36: 397-420.
64. Levinthal, Daniel A., and Mark Fichman 1988 "Dynamics of interorganizational attachments: Auditor-client relationships." Administrative Science Quarterly, 33: 345-369.
65. Levinthal, Daniel A., and James G. March 1981 "A model of adaptive organizational search." Journal of Economic Behavior and Organization, 2: 307-333.
66. 1993 "The myopia of learning." Strategic Management Journal, 14 (Winter Special Issue): 95-112.
67. Levitt, B., and J. G. March 1988 "Organizational learning." Annual Review of Sociology, 14: 319-340. Palo Alto, CA: Annual Reviews.
68. Lintner, J. 1965 "The valuation of risk assets and the selection of risky investments in stock portfolios and capital budgets." Review of Economics and Statistics, 47: 13-37.
69. Lippman, S. A., and R. P. Rumelt 1982 "Uncertain imitability: An analysis of interfirm differences in efficiency under competition." Bell Journal of Economics, 13: 418-438.
70. Lomi, Alessandro 1995 "The population ecology of organizational founding: Location dependence and unobserved heterogeneity." Administrative Science Quarterly, 40: 111-144.
71. MacCrimmon, Kenneth R., and Donald A. Wehrung 1986 Taking Risks: The Management of Uncertainty. New York: Free Press.
72. Mansfield, Edwin J. 1968 The Economics of Technological Change. New York: Norton.
73. March, James G. 1991 "Exploration and exploitation in organizational learning." Organization Science, 2: 71-87.
74. Miller, Danny, and Peter H. Friesen 1980 "Momentum and revolution in organizational adaptation." Academy of Management Journal, 23: 591-614.
75. Miller, Kent D., and Michael J. Leiblein 1996 "Corporate risk-return relations: Returns variability versus downside risk." Academy of Management Journal, 39: 91-122.
76. Mitchell, Will 1991 "Dual clocks: Entry order influences on incumbent and new-comer market share and survival when specialized assets retain their value." Strategic Management Journal, 12: 85-100.
77. Mitchell, Will, and Kulwant Singh 1993 "Death of the lethargic: Effects of expansion into new technical subfields on performance in a firm's base business." Organizational Science, 4: 152-180.
78. Nelson, Richard R., and Sidney G. Winter 1982 An Evolutionary Theory of Economic Change. Cambridge, MA: Harvard University Press.
79. Peteraf, Margaret A. 1993 "The cornerstones of competitive advantage: A resource-based view." Strategic Management Journal, 14: 179-192.
80. Petersen, Trond 1991 "Time-aggregation bias in continuous-time hazard-rate models." In P. V. Marsden (ed.), Sociological Methodology: 21: 263-290. Oxford: Basil Blackwell.
81. Ranger-Moore, James 1997 "Bigger may be better, but is older wiser? Organizational age and size in the New York life insurance industry." American Sociological Review, 62: 903-920.
82. Rohwer, Götz 1993 TDA (Transition Data Analysis) 5.4. Florence: European University Institute.
83. Rumelt, Richard P. 1984 "Towards a strategic theory of the firm." In R. B. Lamb (ed.), Competitive Strategic Management: 556-570. Englewood Cliffs, NJ: Prentice-Hall.
84. Scherer, Frederick M. 1967 "Research and development resource allocation under rivalry." Quarterly Journal of Economics, 81: 367-391.
85. Schoonhoven, Claudia B., Kathleen M. Eisenhardt, and Katherine Lyman 1990 "Speeding products to market: Waiting time to first product introduction in new firms." Administrative Science Quarterly, 35: 177-207.
86. Scott, W. Richard 1992 Organizations: Rational, Natural, and Open Systems. Englewood Cliffs, NJ: Prentice-Hall.
87. Sharpe, William F. 1964 "Capital asset prices: A theory of market equilibrium under conditions of risk." Journal of Finance, 19: 425-442.
88. Singh, Jitendra V., Robert J. House, and David J. Tucker 1986 "Organizational change and organizational mortality." Administrative Science Quarterly, 31: 587-611.
89. Singh, Jitendra V., David J. Tucker, and Robert J. House 1986 "Organizational legitimacy and the liability of newness." Administrative Science Quarterly, 31: 171-193.
90. Sitkin, Sim B., and Amy L. Pablo 1992 "Reconceptualizing the determinants of risk behavior." Academy of Management Re" view, 17: 9-38.
91. Steffens, John 1994 Newgames: Strategic Competition in the PC Revolution. Oxford, England: Pergamon Press.
92. Stinchcombe, Arthur L. 1965 "Social structure and organizations." In J. G. March (ed.), Handbook of Organizations: 142-193. Chicago: Rand-McNally.
93. Terreberry, Shirley 1967 "The evolution of organizational environments." Administrative Science Quarterly, 12: 590-613.
94. Thompson, James D. 1967 Organizations in Action. New York: McGraw-Hill.
95. Tuma, Nancy B., and Michael T. Hannan 1984 Social Dynamics: Models and Methods. Orlando, FL: Academic Press.
96. Tushman, Michael L., and Philip Anderson 1986 "Technological discontinuities and organizational environments." Administrative Science Quarterly, 31: 439-465.
97. von Hippel, Eric 1988 The Sources of Innovation. New York: Oxford University Press.
98. Wade, James 1995 "Dynamics of organizational communities and technological bandwagons: An empirical investigation of community evolution in the microprocessor market." Strategic Management Journal, 16: 111-133.
99. 1996 "A community-level analysis of sources and rates of technological variation in the microprocessor market." Academy of Management Journal, 39: 1218-1244.
100. Winter, Sidney G. 1990 "Survival, selection, and inheritance in evolutionary theories of organization." In J. V. Singh (ed.), Organizational Evolution: New Directions: 269-297. Newbury Park, CA: Sage.