Technological Regimes and Firm Survival: Evidence across Sectors and over Time

Pei-Chou Lin and Deng-Shing Huang ()
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Pei-Chou Lin: Department of Public Finance, Jin-Wen Institute of Technology
Deng-Shing Huang: Institute of Economics, Academia Sinica, Taipei, Taiwan, https://www.econ.sinica.edu.tw/

No 06-A012, IEAS Working Paper : academic research from Institute of Economics, Academia Sinica, Taipei, Taiwan

Abstract: In addition to the usual variables representing firm- and industry-specific features that impact the firm’s survival, this paper uses three R&D related variables to reflect two Schumpeterian technological regimes: creative destruction (the entrepreneurial regime) and creative accumulation (the routinized regime). After controlling for age, size, entry barriers, capital intensity, the profit margin, the concentration ratio, the profit-cost ratio and entry rates, the empirical results confirm the theoretical relationship between technological regimes and the survival rate of new firms: new firms are more likely to survive under the entrepreneurial regime. Moreover, this effect is larger within the younger cohorts of firms than within the older ones.

Keywords: Firm Survival; Technological Regimes; Taiwanese Manufacturing (search for similar items in EconPapers)
JEL-codes: L1 L2 (search for similar items in EconPapers)
Pages: 22 pages
Date: 2006-11
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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