A matter of life and death: innovation and firm survival
A matter of life and death: innovation and firm survival
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DOI：
10.1093/icc/dth081
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发表时间：
2005-12-01
影响因子：
2.5
通讯作者：
Marsili, O
中科院分区：
文献类型：
--
作者：
Cefis, E;Marsili, O
本文研究创新对生存的影响，使用数据的所有制造业企业活跃在荷兰和社区创新调查。通过估计一个参数持续时间模型，我们表明，企业受益于创新溢价，延长他们的预期寿命，独立于公司的具体特征，如年龄和规模。工艺创新似乎尤其对生存有着独特的影响。此外，生存机会随着公司的年龄和增长率而增加，后者比初始规模更重要。最后，高密集度的技术产业对企业的生存最为有利。
This article examines the effects of innovation on survival using data on all manufacturing firms active in the Netherlands and the Community Innovation Survey. By estimating a parametric duration model, we show that firms benefit from an innovation premium that extends their life expectancy, independent of firm-specific traits such as age and size. Process innovation in particular seems to have a distinctive effect on survival. Furthermore, survival chances increase with the age and growth rate of a firm, the latter being more crucial than initial size. Finally, high intensity technology sectors are the most favorable to firm's survival.