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来源类型Article
规范类型其他
DOI10.1016/j.techfore.2020.119912
ISBN0040-1625
It's never too late (to enter)… till it is! Firms' entry and exit in the digital audio player industry.
Camerani, Roberto; Corrocher, Nicoletta; Fontana, Roberto
发表日期2020-02-07
出处Technological Forecasting and Social Change
出版者Elsevier
出版年2020
页码a119912
语种英语
摘要We study the determinants of firms’ exit from product segments in a technologically dynamic industry to understand whether exit depends on entry timing, the pre-entry experience of entrants, and the presence of a dominant firm in the segment. Relying upon a detailed database of products from the digital audio player industry since its inception, we find that late entry in a product segment is beneficial for a firm’s survival. Firms without prior experience in related markets have a higher hazard of exit from a product segment than those having previous experience. However, late entry into a product segment can mitigate this negative effect. We find also that the presence of a dominant firm in a product segment is generally associated with an increase in the hazard of exit for all the firms, but this effect is less evident for the firms that entered before the dominant firm. These results show that in industries with heterogeneous demand and several market segments, delaying entry into a specific segment may represent a successful strategy, especially for those firms that are relatively inexperienced. This strategy, however, can backfire if entry occurs ‘too late’, specifically after the dominant firm has entered the segment.
特色分类HD0045 Technological innovations. Automation
关键词Firm exit, product segment, entry time, pre-entry experience, dominant firm
URLhttp://sro.sussex.ac.uk/id/eprint/89580/
来源智库Science Policy Research Unit (United Kingdom)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/469298
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Camerani, Roberto,Corrocher, Nicoletta,Fontana, Roberto. It's never too late (to enter)… till it is! Firms' entry and exit in the digital audio player industry.. 2020.
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