2005-12-01
A matter of life and death: Innovation and firm survival
Publication
Publication
Industrial and Corporate Change , Volume 14 - Issue 6 p. 1167- 1192
This article examines the effects of innovation on survival using data on all manufacturing firms active in the Netherlands and the Community Innovation Survey. By estimating a parametric duration model, we show that firms benefit from an innovation premium that extends their life expectancy, independent of firm-specific traits such as age and size. Process innovation in particular seems to have a distinctive effect on survival. Furthermore, survival chances increase with the age and growth rate of a firm, the latter being more crucial than initial size. Finally, high intensity technology sectors are the most favorable to firm's survival.
Additional Metadata | |
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doi.org/10.1093/icc/dth081, hdl.handle.net/1765/76298 | |
Industrial and Corporate Change | |
Organisation | Erasmus Research Institute of Management |
Cefis, E., & Marsili, O. (2005). A matter of life and death: Innovation and firm survival. Industrial and Corporate Change, 14(6), 1167–1192. doi:10.1093/icc/dth081 |