Market selection along the firm life cycle

Flora Bellone (), Patrick Musso, Lionel Nesta and Michel Quéré
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Flora Bellone: OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po
Patrick Musso: GREDEG - Groupe de Recherche en Droit, Economie et Gestion - UNS - Université Nice Sophia Antipolis (1965 - 2019) - CNRS - Centre National de la Recherche Scientifique - UniCA - Université Côte d'Azur
Michel Quéré: GREDEG - Groupe de Recherche en Droit, Economie et Gestion - UNS - Université Nice Sophia Antipolis (1965 - 2019) - CNRS - Centre National de la Recherche Scientifique - UniCA - Université Côte d'Azur

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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.

Keywords: Economics; Business and management; Innovation (search for similar items in EconPapers)
Date: 2008-08
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Citations: View citations in EconPapers (46)

Published in Industrial and Corporate Change, 2008, 17 (4), pp.753 - 777. ⟨10.1093/icc/dtn025⟩

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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)
Journal Article: Market selection along the firm life cycle (2008)
Working Paper: Market selection along the firm life cycle (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03415792

DOI: 10.1093/icc/dtn025

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