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Demand as a source of entry and the survival of new semiconductor firms

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  • Roberto Fontana

    ()
    (KITeS - Bocconi University, Milan, Italy and Department of Economics, University of Pavia, Pavia, Italy)

  • Franco Malerba

    ()
    (KITeS - Bocconi University, Milan, Italy)

Abstract

The performance of new companies coming from the demand side of the semiconductor industry is examined and it is compared with the performance of entrants coming from the semiconductor industry itself and with other types of entrants. By using a dataset of more than one thousand start-ups founded between 1997 and 2007 around the world, the paper shows that start-ups with a background in application sectors perform survive longer than spin-offs from the semiconductor industry itself or than inexperienced firms founded by people previously active in university or services. These results point strongly to the major role of demand not just as a source of innovations, but also as a major driver of entry into an industry and of successful performance of new firms.

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File URL: ftp://ftp.unibocconi.it/pub/RePEc/cri/papers/KitesWP31.pdf
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Bibliographic Info

Paper provided by KITeS, Centre for Knowledge, Internationalization and Technology Studies, Universita' Bocconi, Milano, Italy in its series KITeS Working Papers with number 031.

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Length: 37 pages
Date of creation: Apr 2010
Date of revision: Apr 2010
Handle: RePEc:cri:cespri:kites31_wp

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Cited by:
  1. Antonelli,Cristiano & Gehringer, Agnieszka, 2013. "Demand pull and technological flows within innovation systems: the intra-European evidence," Department of Economics and Statistics Cognetti de Martiis LEI & BRICK - Laboratory of Economics of Innovation "Franco Momigliano", Bureau of Research in Innovation, Complexity and Knowledge, Collegio 201301, University of Turin.
  2. Peltoniemi, Mirva, 2013. "Mechanisms of capability evolution in the Finnish forest industry cluster," Journal of Forest Economics, Elsevier, vol. 19(2), pages 190-205.
  3. Adams, Pamela & Fontana, Roberto & Malerba, Franco, 2013. "The magnitude of innovation by demand in a sectoral system: The role of industrial users in semiconductors," Research Policy, Elsevier, vol. 42(1), pages 1-14.

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