IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Log in (now much improved!) to save this paper

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

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

    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.

    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-papers-series/Year-1998/1115.pdf
    Download Restriction: no

    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
    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

    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. 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, vol. 30(04), pages 465-485, December.
    2. Raymond J. Deneckere & Dan Kovenock, 1988. "Capacity-Constrained Price Competition When Unit Costs Differ," Discussion Papers 861, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    3. Wahal, Sunil & McConnell, John J., 2000. "Do institutional investors exacerbate managerial myopia?," Journal of Corporate Finance, Elsevier, vol. 6(3), pages 307-329, September.
    4. Dan Kovenock, 2002. "Fiat Exchange in Finite Economies," Economic Inquiry, Western Economic Association International, vol. 40(2), pages 147-157, April.
    5. Hueckel, G., 1997. "Laborr Command in 'The Wealth of Nations': A Search for "System"," Purdue University Economics Working Papers 1099, Purdue University, Department of Economics.
    6. Kenneth Matheny & Charles Noussair, 2000. "An experimental study of decisions in dynamic optimization problems," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 15(2), pages 389-419.
    7. John Ledyard & Charles Noussair & David Porter, 1996. "The allocation of a shared resource within an organization," Review of Economic Design, Springer;Society for Economic Design, vol. 2(1), pages 163-192, December.
    8. Dan Kovenock & Raymond Deneckere & Tom Faith & Beth Allen, 2000. "Capacity precommitment as a barrier to entry: A Bertrand-Edgeworth approach," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 15(3), pages 501-530.
    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, vol. 26(2), Summer.
    10. Chakravarty, Sugato & McConnell, John J., 1999. "Does Insider Trading Really Move Stock Prices?," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 34(02), pages 191-209, June.
    11. Kovenock, Dan & Roy, Suddhasatwa, 1998. "Dynamic capacity choice in a Bertrand-Edgeworth frameqork," Journal of Mathematical Economics, Elsevier, vol. 29(2), pages 135-160, March.
    12. 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 10-93-9, Pennsylvania State - Department of Economics.
    13. 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 10-93-9, Pennsylvania State - Department of Economics.
    14. Hunsaker, J. & Kovenock, D., 1995. "The Pattern of Exit from Declining Industries," Purdue University Economics Working Papers 1072, Purdue University, Department of Economics.
    15. Hueckel, G., 1997. "Smith's Uniform "Toil and Trouble": A "Vain Subtlety"?," Purdue University Economics Working Papers 1100, Purdue University, Department of Economics.
    16. McConnell, John J. & Servaes, Henri, 1995. "Equity ownership and the two faces of debt," Journal of Financial Economics, Elsevier, vol. 39(1), pages 131-157, September.
    Full references (including those not matched with items on IDEAS)

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

    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.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.