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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