全球智库信息集成服务系统(G2TT): It's never too late (to enter)… till it is! Firms' entry and exit in the digital audio player industry.

G2TT

来源类型	Article
规范类型	其他
DOI	10.1016/j.techfore.2020.119912
ISBN	0040-1625
	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
URL	http://sro.sussex.ac.uk/id/eprint/89580/
来源智库	Science Policy Research Unit (United Kingdom)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/469298
推荐引用方式 GB/T 7714	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.