KOSOVÁ, RENÁTA; LAFONTAINE, FRANCINE - In: Journal of Industrial Economics 58 (2010) 3, pp. 542-578
<heading id="h1" level="1" implicit="yes" format="display">Abstract</heading> Using data on franchised chains, which are the type of single-product entities emphasized in industry dynamics models, we show that age and size affect growth and survival even after controlling for chain characteristics and unobserved chain-specific efficiency. This implies that age...