The two views of small firms in industry dynamics: a reconciliation

    Authors

    R. Agarwal;D. B. Audretsch

    Comments

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    Abbreviated Journal Title

    Econ. Lett.

    Keywords

    industry evolution; life-cycle; survival; LIFE-CYCLE; EVOLUTION; DIFFUSION; SURVIVAL; ENTRY; Economics

    Abstract

    Recent empirical studies show that small firms are confronted with a lower likelihood of survival than their larger counterparts. An alternative view is that small firms can overcome inherent size disadvantages by occupying strategic niches. This paper offers empirical evidence in the context of product life-cycles suggesting that the relationship between firm size and the likelihood of survival is shaped by the stage of the industry life-cycle, and that both views of small firm survival relative to large firms are correct. (C) 1999 Elsevier Science S.A. All rights reserved.

    Journal Title

    Economics Letters

    Volume

    62

    Issue/Number

    2

    Publication Date

    1-1-1999

    Document Type

    Article

    Language

    English

    First Page

    245

    Last Page

    251

    WOS Identifier

    WOS:000078671700017

    ISSN

    0165-1765

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