Selection Versus Evolutionary Adaptation: Learning and Post-entry Performance

John Baldwin and Mohammed Raffiquzzaman

Analytical Studies Branch Research Paper Series from Statistics Canada, Analytical Studies Branch

Abstract:

This paper examines the maturation process of firms that enter an industry by constructing new plant and investigates the extent to which improvements in the performance of an entry cohort are the result of a selection process that culls out the most inefficient entrants or of a learning process that allows survivors to improve their performance relative to incumbent firms. Both selection and evolutionary learning are related to post-entry performance. Despite the difference in the effect of selection and learning on the amount of post-entry growth, selection per se is a more important contributor to overall growth of a cohort.

Keywords: Business performance and ownership; Entry; exit; mergers and growth; Small and medium-sized businesses (search for similar items in EconPapers)
Date: 1995-04-30
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Citations: View citations in EconPapers (100)

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https://www150.statcan.gc.ca/n1/en/catalogue/11F0019M1994072 (application/pdf)

Related works:
Journal Article: Selection versus evolutionary adaptation: Learning and post-entry performance (1995)
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Persistent link: https://EconPapers.repec.org/RePEc:stc:stcp3e:1994072e

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