Market selection along the firm life cycle

被引：49

作者：

Bellone, Flora ^{[1
,2
]}

Musso, Patrick ^{[1
,2
]}

Nesta, Lionel ^{[3
]}

Quere, Michel ^{[4
]}

机构：

[1] Univ Nice Sophia Antipolis, F-06560 Nice 1, France

[2] CNRS GREDEG, F-06560 Valbonne, Sophia Antipoli, France

[3] Observ Francais Conjonctures Econ, Dept Rech Innovat & Concurrence, F-06560 Valbonne, Sophia Antipoli, France

[4] CEREQ, Marseille, France

来源：

INDUSTRIAL AND CORPORATE CHANGE | 2008年 / 17卷 / 04期

关键词：

D O I：

10.1093/icc/dtn025

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This article analyses market selection in French manufacturing in the nineties. It argues that the determinants of firm survival have different effects depending on firm age. Results show that exiting firms display low levels of profitability and productivity. This selection process is more severe for young firms because industry structures favor the survival of mature firms. Concerning the latter, markets select against persistent bad performers, not against temporary losses of efficiency. These results reveal the presence of barriers to firm growthnot to entryas an important driver of industry dynamics.

引用

页码：753 / 777

页数：25

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