Technological Regimes and Firm Survival: Evidence Across Sectors and Over Time

Technological Regimes and Firm Survival: Evidence Across Sectors and Over Time 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. Small Business Economics Springer Journals

Technological Regimes and Firm Survival: Evidence Across Sectors and Over Time

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Springer US
Copyright © 2007 by Springer Science+Business Media, LLC
Business and Management; Management; Microeconomics; Entrepreneurship; Industrial Organization
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