Innovation et sélection des firmes

Roberto Fontana, Lionel Nesta and Sandrine Selosse
Additional contact information
Sandrine Selosse: CMA - Centre de Mathématiques Appliquées - Mines Paris - PSL (École nationale supérieure des mines de Paris) - PSL - Université Paris Sciences et Lettres

Post-Print from HAL

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.

Keywords: Firmes; Innovation; Équipements; Réseaux locaux (search for similar items in EconPapers)
Date: 2007-01
Note: View the original document on HAL open archive server: https://sciencespo.hal.science/hal-03462023
References: Add references at CitEc
Citations:

Published in Revue de l'OFCE, 2007, 100, pp.121 - 142. ⟨10.3917/reof.100.0121⟩

Downloads: (external link)
https://sciencespo.hal.science/hal-03462023/document (application/pdf)

Related works:
Working Paper: Innovation et sélection des firmes (2007)
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:hal:journl:hal-03462023

DOI: 10.3917/reof.100.0121

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().