Knowledge Compensation in the German Automobile Industry

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

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%T Knowledge Compensation in the German Automobile Industry
%A Cantner, Uwe
%A Krüger, Jens
%A Rhein, Kristina von
%J Applied Economics
%P 2941-2951
%D 2009
%@ 1466-4283
%= 2011-04-01T05:03:00Z
%~ http://www.peerproject.eu/
%> https://nbn-resolving.org/urn:nbn:de:0168-ssoar-242758
%X 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.
%G en
%9 journal article
%W GESIS - http://www.gesis.org
%~ SSOAR - http://www.ssoar.info