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Entry, Innovation and Exit from LAN Switch Industry

Abstract : We investigate whether the form of exit is triggered by the form of entry and technical expertise, an exercise which has been persistently missing in the literature, for a sample of 121 firms in the LAN switch industry. We find that pre-entry experience, technical expertise, and intangible assets are important determinants of firm survival. Extending the analysis to the case of heterogeneous exit, we find that firms with high pre-entry experience and higher technical expertise are more likely to exit by acquisition than by failure. Conversely, possessing a larger intangible capital and previous experience in related markets does not lead to a higher probability of being acquired.
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Submitted on : Thursday, April 3, 2014 - 8:14:30 PM
Last modification on : Monday, March 21, 2022 - 2:51:09 PM
Long-term archiving on: : Thursday, July 3, 2014 - 8:50:51 PM


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  • HAL Id : hal-00973045, version 1
  • SCIENCESPO : 2441/6127



Roberto Fontana, Lionel Nesta. Entry, Innovation and Exit from LAN Switch Industry. 2007. ⟨hal-00973045⟩



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