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Initial Luck, Status-Seeking and Snowballs Lead to Corporate Success and Failure Author info | Abstract | Publisher info | Download info | Related research | Statistics Glazer, Amihai (University of California, Irvine)
Kanniainen, Vesa (University of Helsinki, CESifo and HECER)
Poutvaara, Panu () (CEBR, CESifo and IZA Bonn)
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Corporate success often resembles a snowball. We show how initial luck in hiring talented people, the resulting technological advantage, superior corporate culture, and status-seeking by workers can make small initial differences generate large differences over time.
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Paper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number
1426.
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Length: 24 pages
Date of creation: Dec 2004Date of revision:
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Keywords: industry equilibrium initial luck status effects snowball Other versions of this item:
Find related papers by JEL classification: L00 - Industrial Organization - - General - - - General L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
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