Market selection along the firm life cycle

Flora Bellone (), Patrick Musso (), Lionel Nesta and Michel Quéré

Industrial and Corporate Change, 2008, vol. 17, issue 4, 753-777

Abstract: This article analyses market selection in French manufacturing in the nineties. It argues that the determinants of firm survival have different effects depending on firm age. Results show that exiting firms display low levels of profitability and productivity. This selection process is more severe for young firms because industry structures favor the survival of mature firms. Concerning the latter, markets select against persistent bad performers, not against temporary losses of efficiency. These results reveal the presence of barriers to firm growth—not to entry—as an important driver of industry dynamics. Copyright 2008 , Oxford University Press.

Date: 2008
References: Add references at CitEc
Citations: View citations in EconPapers (72)

Downloads: (external link)
http://hdl.handle.net/10.1093/icc/dtn025 (application/pdf)
Access to full text is restricted to subscribers.

Related works:
Chapter: Market Selection Along the Firm Life Cycle (2010)
Working Paper: Market Selection Along the Firm Life Cycle (2009)
Working Paper: Market Selection Along the Firm Life Cycle (2009)
Working Paper: Market selection along the firm life cycle (2008)
Working Paper: Market selection along the firm life cycle (2008)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:oup:indcch:v:17:y:2008:i:4:p:753-777

Ordering information: This journal article can be ordered from
https://academic.oup.com/journals

Access Statistics for this article

Industrial and Corporate Change is currently edited by Josef Chytry

More articles in Industrial and Corporate Change from Oxford University Press and the Associazione ICC Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK.
Bibliographic data for series maintained by Oxford University Press ().