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| Author: | Cantner, U. Kruger, J.J. Rhein, K. von |
| Title: | Knowledge and creative destruction over the industry life cycle: The case of the German automobile industry |
| Journal: | Economica
2009 : FEB, VOL. 76:301, p. 132-148 |
| Index terms: | Germany cars knowledge life cycles innovation |
| Freeterms: | entry survival |
| Language: | eng |
| Abstract: | This article examines how pre-entry experience, post-entry experience and innovative activity affected the survival of German automobile firms over the period 1886-1936. A statistical survival analysis is conducted. This analysis links instrumental variable estimation with the Cox regression. The results reveal that all three knowledge components exert an independent and significantly positive effect on firm survival. In addition, innovative activity is able to compensate for post-entry experience, in accord with Schumpeterian creative destruction. |
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