Arrested development: the experience of European hard disk drive firms in comparison with US and Japanese firms

Henry Chesbrough ()
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Henry Chesbrough: Graduate School of Business Administration, Harvard University, Soldiers Field Road, Morgan Hall T61, Boston, 02163, USA

Journal of Evolutionary Economics, 1999, vol. 9, issue 3, 287-329

Abstract: This paper analyses how US, Japanese, and European HDD firms responded to technological shifts in the hard disk industry from 1973 through 1996. Leading incumbent US HDD firms were frequently forced out of the market. Leading Japanese incumbent firms in the same industry, however, were not displaced by these changes. US startup firms thrived under these technological shifts, displacing US incumbent firms. Japanese startups did poorly. European firms encountered the worst of both worlds: its incumbent firms were frequently displaced by technological changes, as were US firms; while startup firms (with one exception) performed as poorly as those in Japan.

Keywords: Comparative industry evolution; Technological evolution; Institutional economics (search for similar items in EconPapers)
JEL-codes: O31 O32 (search for similar items in EconPapers)
Date: 1999-08-20
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Citations: View citations in EconPapers (17)

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