haku: @indexterm Portugal / yhteensä: 183
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Tekijä:Baptista, R.
Karaƶz, M.
Otsikko:Turbulence in growing and declining industries
Lehti:Small business economics
2011 : MAR, VOL. 36:3, p. 249-270
Asiasana:company growth
business cycles
recession
markets
Portugal
market entry
market exit
life cycles
Kieli:eng
Tiivistelmä:Turbulence over the industry life cycle in Portugal is investigated using the lowest possible level of industry aggregation, therefore letting to use panel data to research the evolution of product markets. Replacement of exiting firms by subsequent entrants has an essential role in generating turbulence in high growth markets, while displacing of incumbents by recent entrants is the main selection force in declining markets. As the industry life cycle progresses, trial-and-error entry and entry mistakes diminish, and turbulence subsides.
SCIMA tietueen numero: 275744
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