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| Author: | Buddelmeyer, H. Jensen, P.H. Webster, E. |
| Title: | Innovation and the determinants of company survival |
| Journal: | Oxford Economic Papers
2010 : APR, VOL. 62:2, p. 261-285 |
| Index terms: | innovation company performance models Australia |
| Language: | eng |
| Abstract: | There is found a positive relationship between innovative activity and company survival (henceforth as: c-s.) by existing empirical studies. It is argued that this conclusion may be a result of a simple selection effect caused by the degree of uncertainty by the used innovation proxies (here as: inn-pxs.). Based on a panel of nearly 300,000 Australian companies, estimated is a piecewise-constant exponential hazard rate model to explore the relationship btw. innovation and c-s. As expected, it is found that the degree of uncertainty embodied in different inn-pxs. does shape the c-s. pattern. |
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