The Spatial Dynamic Between Established Firms and Entrants
The research uses 377 firms that filed initial public offerings from 1990 to 1993 as the basis for existing firms and follows their financial performance from 1990 to 2004. In the first year of a new firm’s existence, before the entrant has time to contribute to positive local effects, its entry is more likely to hurt the financial performance of existing firms. By the third year after entry, however, the effect on the financial performance of existing firms is positive. In the short term, entrants are foes and in the long term, entrants are friends.
|Date of creation:||2007|
|Contact details of provider:|| Postal: 409 Third Street, SW, Washington DC 20416|
Web page: http://www.sba.gov/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:sba:wpaper:07lp. 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: (Victoria Williams)or (Rob Kleinsteuber)
If references are entirely missing, you can add them using this form.