Initial Luck, Status-Seeking and Snowballs Lead to Corporate Success and Failure

Amihai Glazer, Vesa Kanniainen and Panu Poutvaara

No 1216, CESifo Working Paper Series from CESifo

Abstract: Corporate success stories often resemble a snowball. We show how initial luck in hiring talented people, the resulting technological advantage, superior corporate culture, and status-seeking by workers and by consumers can make small initial differences generate large differences over time.

Keywords: industry equilibrium; initial luck; status effects; snowball (search for similar items in EconPapers)
Date: 2004
New Economics Papers: this item is included in nep-sea
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Working Paper: Initial Luck, Status-Seeking and Snowballs Lead to Corporate Success and Failure (2004)
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Persistent link: https://EconPapers.repec.org/RePEc:ces:ceswps:_1216

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