Although many companies compete through the development of new technologies and products, it is well known that innovation is inherently risky and therefore may increase the ex ante likelihood of both exceptional company performance and bankruptcy. However, existing empirical studies...

This paper investigates the relationship between technological relatedness and firm productivity and the role of firms' own technological capabilities in moderating that relationship. Importantly, proxies for the Marshallian sources of relatedness – input-output linkages, labour pooling, and...

This paper examines the determinants of mergers and bankruptcies using firm level data from Switzerland. We find considerable differences in the determinants of mergers and bankruptcies. Our results support the notion that mergers are often undertaken to seize growth opportunities

We analyze the effect of supermarket entry on the exit of small stores in the food retailing sector in Montevideo between 1998 and 2007. By using detailed geographical information about supermarkets and smaller stores we are able to identify the link between entrants and the exit of nearby small...

Although many companies compete through the development of new technologies and products, it is well known that innovation is inherently risky and therefore may increase the ex ante likelihood of both exceptional company performance and bankruptcy. However, existing empirical studies...

Our analysis of the survival of firms leads to the important result that the hypotheses about differences between various industries in the life duration of new firms and about the importance of the region of location for the probability of survival are confirmed. Many more enterprises are...

Studies about innovation find evidence of a positive relationship between technological advancement and firm performance, in particular when the innovative effort is continuous. This paper aims to further the analysis on the duration of R&D investment at the firm level. The contribution of this...

In diesem Beitrag werden die Auswirkungen sektoraler, regionaler sowie betrieblicher Determinanten auf das Scheitern junger Betriebe mit Hilfe eines ökonometrischen Überlebensdauer-Ansatzes analysiert. Dabei findet ein accelerated failure time model mit zugrunde liegender log-logistischer...