Innovation, growth and survival

Innovation, growth and survival
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DOI:
10.1016/0167-7187(95)00499-8
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发表时间:
1995-12-01
影响因子:
1.5
通讯作者:
Audretsch, DB
Audretsch, DB
中科院分区:
经济学3区
文献类型:
--
作者:
Audretsch, DB

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本文的目的是解释为什么不同行业的生存可能性和进入后增长率存在系统性差异。特别是,新企业进入后的表现与行业的基础技术条件有关。在创新活动,特别是小企业的创新活动发挥重要作用的行业中,新进入者生存十年以上的可能性低于创新活动不太重要的行业。与此同时,那些能够生存下来的进入者表现出更高的增长率。此外,在高度创新的行业中,已经度过了最初几年的进入者再存活两年的条件可能性实际上更大,而不是更低。因此,有证据表明,高度创新的环境对新进入者进入后的表现产生不同的影响。那些能够调整并提供可行产品的新公司显然会经历更高的增长率和更大的生存可能性。但总体而言,进入者以及无法调整和生产可行产品的新公司在高度创新的环境中生存的可能性较低。
The purpose of this paper is to explain why the likelihood of survival and post-entry growth rates vary systematically from industry to industry. In particular, the post-entry performance of new firms is linked to the underlying technological conditions in an industry. In industries where innovative activity, and especially the innovative activity of small firms, plays an important role, the likelihood of new entrants' surviving over a decade is lower than in industries where innovative activity is less important. At the same time, those entrants that are able to survive exhibit higher growth rates. In addition, the conditional likelihood of surviving an additional two years for entrants that have already survived the first few years is actually greater, and not lower, in highly innovative industries.The evidence therefore suggests that a highly innovative environment exerts a disparate effect on the post-entry performance of new entrants. Those new firms that are able to adjust and offer a viable product apparently experience higher rates of growth and a greater likelihood of survival. But overall, entrants and certainly new firms that are not able to adjust and produce a viable product are confronted by a lower likelihood of survival in highly innovative environments.