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Knowledge and Creative Destruction over the Industry Life Cycle - The Case of the German Automobile Industry

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Author Info

  • Uwe Cantner

    ()
    (University of Jena, Faculty of Economics)

  • Kristina Dre�ler

    ()
    (University of Jena, Faculty of Economics)

  • Jens J. Kr�ger

    ()
    (University of Jena, Faculty of Economics)

Abstract

This paper investigates how the survival of firms over the industry life cycle is affected by different kinds of knowledge, namely post-entry experience, pre-entry experience, and knowledge acquired by innovative activity. Therefore, a statistical survival analysis is performed for the German automobile industry over the period 1886- 1939 which applies a new approach that links instrumental variable estimation with the Cox regression. The main results are that all three knowledge components exert a significantly positive effect on the survival of firms. Furthermore, innovative activity is able to compensate for lacking pre-entry or post-entry experience, completely in accord with Schumpeterian creative destruction.

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Bibliographic Info

Paper provided by Friedrich-Schiller-Universität Jena, Wirtschaftswissenschaftliche Fakultät in its series Jenaer Schriften zur Wirtschaftswissenschaft with number 05/2005.

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Date of creation: 30 Apr 2005
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Handle: RePEc:jen:jenasw:2005-05

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Related research

Keywords: firm survival; patents; innovation; automobile industry; hazard rates;

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References

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  11. Uwe Cantner & Kristina Dreßler & Jens J. Krüger, 2006. "Firm survival in the German automobile industry," Empirica, Springer, vol. 33(1), pages 49-60, March.
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Cited by:
  1. repec:ebl:ecbull:v:12:y:2008:i:13:p:1-8 is not listed on IDEAS
  2. Andreas Freytag & Donato Masciandaro, 2005. "Financial Supervision Fragmentation and Central Bank Independence: The Two Sides of the Same Coin?," Jenaer Schriften zur Wirtschaftswissenschaft 14/2005, Friedrich-Schiller-Universität Jena, Wirtschaftswissenschaftliche Fakultät.
  3. Markus Pasche, 2005. "(Self-)Regulation of a Natural Monopoly via Complementary Goods - the Case of F/OSS Business Models," Jenaer Schriften zur Wirtschaftswissenschaft 18/2005, Friedrich-Schiller-Universität Jena, Wirtschaftswissenschaftliche Fakultät.
  4. Jens J. Krüger, 2008. "The Sources Of Aggregate Productivity Growth: Us Manufacturing Industries, 1958-1996," Bulletin of Economic Research, Wiley Blackwell, vol. 60(4), pages 405-427, October.
  5. Markus Pasche, 2005. "Das Vertrauensspiel - eine verhaltensorientierte Erkl�rung," Jenaer Schriften zur Wirtschaftswissenschaft 19/2005, Friedrich-Schiller-Universität Jena, Wirtschaftswissenschaftliche Fakultät.
  6. Wolfgang Domschke & Armin Scholl, 2006. "Heuristische Verfahren," Jenaer Schriften zur Wirtschaftswissenschaft 08/2006, Friedrich-Schiller-Universität Jena, Wirtschaftswissenschaftliche Fakultät.
  7. Simon Renaud, 2006. "Betriebsr�te und Strukturwandel," Jenaer Schriften zur Wirtschaftswissenschaft 04/2006, Friedrich-Schiller-Universität Jena, Wirtschaftswissenschaftliche Fakultät.
  8. Uwe Cantner & Kristina Dre�ler & Jens J. Kr�ger, 2005. "Knowledge Compensation in the German Automobile Industry," Jenaer Schriften zur Wirtschaftswissenschaft 11/2005, Friedrich-Schiller-Universität Jena, Wirtschaftswissenschaftliche Fakultät.
  9. Uwe Cantner & Jens J. Krüger, 2006. "Micro-Heterogeneity and Aggregate Productivity Development in the German Manufacturing Sector - Results from a Decomposition Exercise," Jenaer Schriften zur Wirtschaftswissenschaft 02/2006, Friedrich-Schiller-Universität Jena, Wirtschaftswissenschaftliche Fakultät.
  10. Kristina von Rhein, 2008. "Heritage and Firm Survival - An Analysis of German Automobile Spinoffs 1886-1939," Economics Bulletin, AccessEcon, vol. 12(13), pages 1-8.
  11. Werner Jammernegg & Peter Kischka, 2005. "A Decision Rule Based on the Conditional Value at Risk," Jenaer Schriften zur Wirtschaftswissenschaft 09/2005, Friedrich-Schiller-Universität Jena, Wirtschaftswissenschaftliche Fakultät.

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