Product innovation and survival in a high-tech industry

Review of Industrial Organization

Volumn 34, Issue 4, 2009, Pages 287-306

  Fontana, Roberto ^a,b   Nesta, Lionel ^c  

^a UNIVERSITY OF PAVIA   (Italy)

^b BOCCONI UNIVERSITY   (Italy)

^c OFCE   (France)

Author keywords

Competing risk model; Firm survival; High technology industries; Market positioning; Quality frontier

Indexed keywords

FIRM SIZE; HIGH TECHNOLOGY INDUSTRY; INDUSTRIAL COMPETITION; INDUSTRIAL PERFORMANCE; INNOVATION; RESEARCH AND DEVELOPMENT;

EID: 70349184842     PISSN: 0889938X     EISSN: 15737160     Source Type: Journal    
DOI: 10.1007/s11151-009-9210-7     Document Type: Article

References (45)

1. Audretsch D. (1991) New-firm survival and the technological regime. Review of Economics and Statistics 73: 441-450
2. Audretsch D. (1995) Innovation, growth and survival. International Journal of Industrial Organization 13: 441-457
3. Audretsch D. (1997) Technological regimes, industrial demography and the evolution of industrial structures. Industrial and Corporate Change 6: 49-82
4. Audretsch D., Mahmood T. (1999) New firm survival: New results using a hazard function. Economics Letters 62: 245-251
5. Aw B. Y., Chen X., Roberts M. J. (2001) Firm-level evidence on productivity differentials and turnover in Taiwanese manufacturing. Journal of Development Economics 66: 51-86
6. Baily M. N., Bartelsman E. J., Haltiwanger J. (2001) Labor productivity: Structural change and cyclical dynamics. Review of Economics and Statistics 83: 420-433
7. Baily M. N., Hulten C., Campbell D. (1992) Productivity dynamics in manufacturing plants. Brookings Papers on Economic Activity 0: 187-249
8. Bonanno G. (1987) Location choice, product proliferation and entry deterrence. Review of Economic Studies 54: 207-216
9. Bontems, P., & Meunier, V. (2006). Advertising and price signaling of quality in a duopoly with endogenous locations. Journal of Economics and Management Strategy Cahier de Recherche 2006-03. http://www2.toulouse.inra.fr/centre/esr/wpRePEc/bon200603.pdf.
10. Brander J., Eaton J. (1984) Product line rivalry. American Economic Review 74: 323-334
11. Brito D. (2003) Preemptive mergers under spatial competition. International Journal of Industrial Organization 21: 1601-1622
12. Buenstorf G. (2007) Evolution on the shoulders of giants: Entrepreneurship and firm survival in the German laser industry. Review of Industrial Organization 30: 179-202
13. Caves R. E. (1998) Industrial organization and new findings on the turnover and mobility of firms. Journal of Economic Literature 36: 1947-1982
14. Cefis E., Marsili O. (2006) Survivor: The role of innovation in firms' survival. Research Policy 35: 626-641
15. Christensen C., Suarez F., Utterback J. (1998) Strategies for survival in fast-changing industries. Management Science 44: S207-S220
16. Cockburn, I., & Wagner, S. (2007). Patents and the survival of Internet-related IPOs. NBER Working Papers 13146, NBER.
17. Dunne T., Roberts M. J., Samuelson L. (1988) Patterns of firm entry and exit in US manufacturing industries. RAND Journal of Economics 19: 495-515
18. Filson D., Gretz R. T. (2004) Strategic innovation and technology adoption in an evolving industry. Journal of Monetary Economics 51: 89-121
19. Fontana R., Nesta L. (2006) Product entry in a fast growing industry: The LAN switch market. Journal of Evolutionary Economics 16: 45-64
20. Foster, L., Haltiwanger, J., Krizan, C. J., Hulten, C. R., Dean, E. R., & Harper, M. J. E. (2001). Aggregate productivity growth: Lessons from microeconomic evidence. In New developments in productivity analysis (pp. 303-363). NBER studies in income and wealth (Vol. 63). Chicago and London: University of Chicago Press.
21. Geroski P. (1995) What do we know about entry?. International Journal of Industrial Organization 13: 421-440
22. Grandstrand O., Sjolander S. (1990) The acquisition of technology and small firms by large firms. Journal of Economic Behavior and Organization 13: 357-386
23. Greenstein S., Wade J. (1998) The product life cycle in the commercial mainframe computer market, 1968-1982. RAND Journal of Economics 29: 772-789
24. Griliches Z., Regev H. (1995) Firm productivity in Israeli industry 1979-1988. Journal of Econometrics 65: 175-203
25. Hall B., Jaffe A., Trajtenberg M. (2005) Market value and patent citations. Rand Journal of Economics 36: 16-38
26. Haltiwanger J. C. (1997) Measuring and analyzing aggregate fluctuations: The importance of building from microeconomic evidence. Federal Reserve Bank of St. Louis Review 79: 55-77
27. Jenkins S. (1995) Easy ways to estimate discrete time duration models. Oxford Bulletin of Economics and Statistics 57: 129-138
28. Jenkins, S. (2004). Survival analysis. Mimeo Essex University. Retrieved in 2007 from http://www.iser.essex.ac.uk/files/teaching/stephenj/ec968/ pdfs/ec968lnotesv6.pdf.
29. Karim, S., & Mitchell, W. (2000). Reconfiguring business resources following acquisitions in the US medical sector, 1978-1995. Strategic Management Journal, 21 (Special issue on the evolution of business capabilities), 1061-1081.
30. Kenney M., von Burg U. (2000) Institutions and economies: Creating Silicon Valley. In: Kenney M.(eds) Understanding Silicon Valley, the anatomy of an entrepreneurial region. Stanford University Press, Stanford, CA, pp 218-240
31. Klepper S. (2002) Firm survival and the evolution of oligopoly. RAND Journal of Economics 33: 37-61
32. Klepper S., Simmons K. (2005) Industry shakeouts and technological change. International Journal of Industrial Organization 23: 23-43
33. Lancaster T. (1990) Econometrics models for the duration of unemployment. Econometrica 47: 939-956
34. Mata J., Portugal P. (1994) Life duration of new firms. The Journal of Industrial Economics 42: 227-245
35. Mitchell W. (1991) Dual clocks: Entry order influences on incumbent and newcomer market share and survival when specialized assets retain their value. Strategic Management Journal 12: 85-100
36. Nishimura K. G., Nakajima T., Kiyota K. (2005) Does the natural selection mechanism still work in severe recessions? Examination of the Japanese economy in the 1990s. Journal of Economic Behavior and Organization 58: 53-78
37. Perez, S., Llopis, A., & Llopis, J. S. (2005). A competing risk analysis of exit for Spanish manufacturing firms. LINEEX Working Papers 03/05, Universidad de Valencia.
38. Prentice R., Gloeckler L. (1978) Regression analysis of grouped survival data with application to breast cancer data. Biometrics 34: 57-67
39. Salant S. W., Switzer S., Reynolds R. J. (1983) Losses from horizontal merger: The effects of an exogenous change in industry structure on Cournot-Nash equilibrium. The Quarterly Journal of Economics 98: 185-199
40. Schary M. (1991) The probability of exit. RAND Journal of Economics 22: 339-353
41. Schmalensee R. (1978) Entry deterrence in the ready-to-eat breakfast cereal industry. Bell Journal of Economics 9: 305-327
42. Siegfried J., Evans L. (1994) Empirical studies of entry and exit: A survey of the evidence. Review of Industrial Organization 9: 121-155
43. Stavins J. (1995) Model entry and exit in a differentiated-product industry: The Personal Computer market. Review of Economics and Statistics 77: 571-584
44. Thompson P. (2005) Selection and firms survival: Evidence from the shipbuilding industry 1825-1914. The Review of Economics and Statistics 87: 26-36
45. Willard G., Cooper A. (1985) Survivors of industry shake-outs: The case of the US color television set industry. Strategic Management Journal 6: 299-318