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@article{ Cantner2009,
 title = {Knowledge Compensation in the German Automobile Industry},
 author = {Cantner, Uwe and Krüger, Jens and Rhein, Kristina von},
 journal = {Applied Economics},
 pages = {2941-2951},
 year = {2009},
 issn = {1466-4283},
 doi = {https://doi.org/10.1080/00036840902762738},
 urn = {https://nbn-resolving.org/urn:nbn:de:0168-ssoar-242758},
 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.},
}