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Innovation et sélection des firmes

Author

Listed:
  • Roberto Fontana
  • Lionel Nesta

    (OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po)

  • Sandrine Selosse

    (CMA - Centre de Mathématiques Appliquées - Mines Paris - PSL (École nationale supérieure des mines de Paris) - PSL - Université Paris Sciences et Lettres)

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.

Suggested Citation

  • Roberto Fontana & Lionel Nesta & Sandrine Selosse, 2007. "Innovation et sélection des firmes," Post-Print hal-03462023, HAL.
    • Handle: RePEc:hal:journl:hal-03462023
    DOI: 10.3917/reof.100.0121
    Note: View the original document on HAL open archive server: https://sciencespo.hal.science/hal-03462023
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