Firm dissolution in high-tech sectors: An analysis of closure and M&A

被引：13

作者：

Grilli, Luca ^{[1
]}

Piva, Evila ^{[1
]}

Lamastra, Cristina Rossi ^{[1
]}

机构：

[1] Politecn Milan, Dept Management Econ & Ind Engn, Milan, Italy

来源：

ECONOMICS LETTERS | 2010年 / 109卷 / 01期

关键词：

Firm dissolution; Closure and M&A; Liability of newness and smallness; High-tech start-ups; ENTRY; INVESTMENT; DEPENDENCE; LIABILITY; SURVIVAL; NEWNESS;

D O I：

10.1016/j.econlet.2010.07.006

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We empirically investigate firm dissolution in high-tech sectors by distinguishing between closure and merger/acquisition (M&A) and discussing the different antecedents of the effects of age and initial size on the two dissolution types. (C) 2010 Elsevier B.V. All rights reserved.

引用

页码：14 / 16

页数：3

共 15 条

[1] Does entry size matter? The impact of the life cycle and technology on firm survival [J].

Agarwal, R ;

Audretsch, DB .

JOURNAL OF INDUSTRIAL ECONOMICS, 2001, 49 (01) :21-43

[2] NEW FIRM SURVIVAL - NEW RESULTS USING A HAZARD FUNCTION [J].

AUDRETSCH, DB ;

MAHMOOD, T .

REVIEW OF ECONOMICS AND STATISTICS, 1995, 77 (01) :97-103

[3] ORGANIZATIONAL MORTALITY - THE LIABILITIES OF NEWNESS AND ADOLESCENCE [J].

BRUDERL, J ;

SCHUSSLER, R .

ADMINISTRATIVE SCIENCE QUARTERLY, 1990, 35 (03) :530-547

[4]

Cameron A. C., 2005, Microeconometrics: Methods and Applications

[5] Capital market imperfections, high-tech investment, and new equity financing [J].

Carpenter, RE ;

Petersen, BC .

ECONOMIC JOURNAL, 2002, 112 (477) :F54-F72

[6]

COX DR, 1972, J R STAT SOC B, V34, P187

[7] PATTERNS OF FIRM ENTRY AND EXIT IN UNITED-STATES MANUFACTURING-INDUSTRIES [J].

DUNNE, T ;

ROBERTS, MJ ;

SAMUELSON, L .

RAND JOURNAL OF ECONOMICS, 1988, 19 (04) :495-515

[8] HONEYMOONS AND THE LIABILITY OF ADOLESCENCE - A NEW PERSPECTIVE ON DURATION DEPENDENCE IN SOCIAL AND ORGANIZATIONAL RELATIONSHIPS [J].

FICHMAN, M ;

LEVINTHAL, DA .

ACADEMY OF MANAGEMENT REVIEW, 1991, 16 (02) :442-468

[9] THE LIABILITY OF NEWNESS - AGE DEPENDENCE IN ORGANIZATIONAL DEATH RATES [J].

FREEMAN, J ;

CARROLL, GR ;

HANNAN, MT .

AMERICAN SOCIOLOGICAL REVIEW, 1983, 48 (05) :692-710

[10] MANAGING INNOVATION IN MULTITECHNOLOGY CORPORATIONS [J].

GRANSTRAND, O ;

SJOLANDER, S .

RESEARCH POLICY, 1990, 19 (01) :35-60

← 1 2 →