Skip to Main content Skip to Navigation
Preprints, Working Papers, ...

Product Innovation and Survival in a High-Tech Industry

Abstract : We investigate the relationship between product innovation and firm survival for a sample of 121 firms in a high-tech industry. We find that location near the technological frontier is an important determinant of firm survival. Firms located near the frontier are also more likely to be acquired than to exit by failure if they cannot survive. This suggests that product location in the technology space acts as a signal of firm quality. Possessing a substantial stock of intangible capital, on the other hand, determines neither exit via failure nor exit via acquisition, although it increases the probability of surviving.
Document type :
Preprints, Working Papers, ...
Complete list of metadata

Cited literature [52 references]  Display  Hide  Download
Contributor : Spire Sciences Po Institutional Repository Connect in order to contact the contributor
Submitted on : Thursday, April 3, 2014 - 8:14:49 PM
Last modification on : Monday, March 21, 2022 - 2:51:07 PM
Long-term archiving on: : Thursday, July 3, 2014 - 8:56:13 PM


Files produced by the author(s)


  • HAL Id : hal-00973059, version 1
  • SCIENCESPO : 2441/6121



Roberto Fontana, Lionel Nesta. Product Innovation and Survival in a High-Tech Industry. 2007. ⟨hal-00973059⟩



Record views


Files downloads