Innovation et sélection des firmes

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

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

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Working Paper: Innovation et sélection des firmes (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:spmain:hal-03462023

DOI: 10.3917/reof.100.0121

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