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Knowledge Compensation in the German Automobile Industry

[Zeitschriftenartikel]

Cantner, Uwe; Krüger, Jens; Rhein, Kristina von

Zitationshinweis

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Abstract In studies looking at firm survival over the industry life cycle knowledge is one of the most important determinants. Different kinds of knowledge, namely post-entry experience, pre-entry experience, and knowledge acquired by innovative activity positively influence the sur-vival chances. This paper investigates how the kinds of knowledge are able to compensate each other. Therefore, a statistical survival analysis is performed for the German automobile industry (1886-1939) which applies an estimation approach that links instrumental variables with the Cox regression. The results highlight that innovative activity is able to compensate for lacking post-entry experience, supporting Schumpeterian creative destruction.
Klassifikation Volkswirtschaftstheorie; Wirtschaftssektoren
Sprache Dokument Englisch
Publikationsjahr 2009
Seitenangabe S. 2941-2951
Zeitschriftentitel Applied Economics (2009)
DOI http://dx.doi.org/10.1080/00036840902762738
ISSN 1466-4283
Status Postprint; begutachtet (peer reviewed)
Lizenz PEER Licence Agreement (applicable only to documents from PEER project)
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