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| Tekijä: | Baptista, R. Karaöz, 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. |
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