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Innovation et sélection des firmes. L'industrie des équipements en réseaux locaux

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  • Roberto Fontana
  • Lionel Nesta
  • Sandrine Selosse

Abstract

We investigate whether the form of exit is triggered by the form of entry and technical expertise, an exercise which has been persistently missing in the literature, for a sample of 121 firms in the LAN switch industry. We find that pre-entry experience, technical expertise, and intangible assets are important determinants of firm survival. Extending the analysis to the case of heterogeneous exit, we find that firms with high pre-entry experience and higher technical expertise are more likely to exit by acquisition than by failure. Conversely, possessing a larger intangible capital and previous experience in related markets does not lead to a higher probability of being acquired. JEL Codes: O3, L1, L63.

Suggested Citation

  • Roberto Fontana & Lionel Nesta & Sandrine Selosse, 2007. "Innovation et sélection des firmes. L'industrie des équipements en réseaux locaux," Revue de l'OFCE, Presses de Sciences-Po, vol. 100(1), pages 121-142.
  • Handle: RePEc:cai:reofsp:reof_100_0121
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    JEL classification:

    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance
    • L63 - Industrial Organization - - Industry Studies: Manufacturing - - - Microelectronics; Computers; Communications Equipment

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