Advanced Search
MyIDEAS: Login to save this paper or follow this series

Is the First to Market the First to fail?: Empirical Evidence for Manufacturing Business

Contents:

Author Info

  • Robinson, W.T.
  • Min, S.
Registered author(s):

    Abstract

    While the empirical relationship between order of market entry and firm survival has not been established, conventional wisdom describes how the market pioneer faces the greatest market and technological uncertainty. Memorable phrases reflect the associated survival risk, such as "the first to market is the first to fail" and "pioneer is the one with the arrows in their back". To access survival risk in the face of both market and technological uncertainty, this study compares survival rates for 189 market pioneers versus 320 early followers.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.krannert.purdue.edu/programs/phd/Working-paper-series/Year-1998/1115.pdf
    Our checks indicate that this address may not be valid because: 404 Not Found. If this is indeed the case, please notify (Krannert PHD)
    Download Restriction: no

    Bibliographic Info

    Paper provided by Purdue University, Department of Economics in its series Purdue University Economics Working Papers with number 1115.

    as in new window
    Length: 25 pages
    Date of creation: Jul 1998
    Date of revision:
    Handle: RePEc:pur:prukra:1115

    Contact details of provider:
    Postal: Krannert Building, West Lafayette, IN 47907
    Web page: http://www.krannert.purdue.edu/programs/phd
    More information through EDIRC

    Related research

    Keywords: ENTERPRISES ; RISK;

    Find related papers by JEL classification:

    References

    References listed on IDEAS
    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
    as in new window
    1. Baye, Michael R & Kovenock, Dan & de Vries, Casper G, 1999. " The Incidence of Overdissipation in Rent-Seeking Contests," Public Choice, Springer, Springer, vol. 99(3-4), pages 439-54, June.
    2. Ledyard, J.O. & Noussair, C. & Porter, D., 1994. "The Allocation of Shared Resource within an Organization," Purdue University Economics Working Papers, Purdue University, Department of Economics 1063, Purdue University, Department of Economics.
    3. Allen, Jeffrey W. & Lummer, Scott L. & McConnell, John J. & Reed, Debra K., 1995. "Can Takeover Losses Explain Spin-Off Gains?," Journal of Financial and Quantitative Analysis, Cambridge University Press, Cambridge University Press, vol. 30(04), pages 465-485, December.
    4. Baye, M.R. & Kovenock, D. & De Vries, C.G., 1993. "The Solution to the Tullock Rent-Seeking Game when R > 2: Mixed Strategy Equilibria and Mean Dissipation Rates," Papers, Pennsylvania State - Department of Economics 10-93-9, Pennsylvania State - Department of Economics.
    5. Kenneth Matheny & Charles Noussair, 2000. "An experimental study of decisions in dynamic optimization problems," Economic Theory, Springer, Springer, vol. 15(2), pages 389-419.
    6. Beth Allen & Raymond Deneckere & Tom Faith & Dan Kovenock, 1994. "Capacity Precommitment as a Barrier to Entry:A Bertrand-Edgeworth Approach," Industrial Organization, EconWPA 9411002, EconWPA, revised 14 Nov 1994.
    7. McConnell, John J. & Servaes, Henri, 1995. "Equity ownership and the two faces of debt," Journal of Financial Economics, Elsevier, Elsevier, vol. 39(1), pages 131-157, September.
    8. Chakravarty, Sugato & McConnell, John J., 1998. "Does Insider Trading Really Move Stock Prices?," Purdue University Economics Working Papers, Purdue University, Department of Economics 1114, Purdue University, Department of Economics.
    9. Sugato Chakravarty & John J. McConnell, 1997. "An Analysis of Prices, Bid/Ask Spreads, and Bid and Ask Depths Surrounding Ivan Boesky's Illegal Trading in Carnation's Stock," Financial Management, Financial Management Association, Financial Management Association, vol. 26(2), Summer.
    10. Kovenock, D. & de Vries, C.G., 1995. "Fiat Exchange in Finite Economies," UFAE and IAE Working Papers, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC) 310.95, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
    11. Hueckel, G., 1997. "Smith's Uniform "Toil and Trouble": A "Vain Subtlety"?," Purdue University Economics Working Papers, Purdue University, Department of Economics 1100, Purdue University, Department of Economics.
    12. Raymond J. Deneckere & Dan Kovenock, 1988. "Capacity-Constrained Price Competition When Unit Costs Differ," Discussion Papers, Northwestern University, Center for Mathematical Studies in Economics and Management Science 861, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    13. Kovenock, D. & Roy, S., 1995. "Dynamic Capacity Choice in a Bertrand-Edgeworth Framework," Purdue University Economics Working Papers, Purdue University, Department of Economics 1080, Purdue University, Department of Economics.
    14. Hunsaker, J. & Kovenock, D., 1995. "The Pattern of Exit from Declining Industries," Purdue University Economics Working Papers, Purdue University, Department of Economics 1072, Purdue University, Department of Economics.
    15. Wahal, Sunil & McConnell, John J., 2000. "Do institutional investors exacerbate managerial myopia?," Journal of Corporate Finance, Elsevier, Elsevier, vol. 6(3), pages 307-329, September.
    16. Hueckel, G., 1997. "Laborr Command in 'The Wealth of Nations': A Search for "System"," Purdue University Economics Working Papers, Purdue University, Department of Economics 1099, Purdue University, Department of Economics.
    Full references (including those not matched with items on IDEAS)

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:pur:prukra:1115. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Krannert PHD).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.