Innovation et sélection des firmes. L'industrie des équipements en réseaux locaux

Roberto Fontana, Lionel Nesta and Sandrine Selosse

Revue de l'OFCE, 2007, vol. 100, issue 1, 121-142

Abstract: We investigate whether the form of exit is triggered by the form of entry and technical expertise, an exercise which has been persistently missing in the literature, for a sample of 121 firms in the LAN switch industry. We find that pre-entry experience, technical expertise, and intangible assets are important determinants of firm survival. Extending the analysis to the case of heterogeneous exit, we find that firms with high pre-entry experience and higher technical expertise are more likely to exit by acquisition than by failure. Conversely, possessing a larger intangible capital and previous experience in related markets does not lead to a higher probability of being acquired. JEL Codes: O3, L1, L63.

JEL-codes: L1 L63 O3 (search for similar items in EconPapers)
Date: 2007
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