Does the hazard rate for new plants vary between low- and high-tech industries?

Arbeitspapier

Based on a longitudinal data base the hazard rate of over 12,000 newly established plants in U.S. manufacturing industry in 1976 are estimated and then compared between low and high-tech industries. It is found that the hazard rate differs across industries, and it also varies between low- and high-tech industries. The hazard rate in low-tech industries is reduced in the presence of scale economies, whereas the exposure to risk tends to be higher in high-tech industries. The influence of start-up size in reducing the hazard rate is apparently similar between low and high-tech industries, but its role is found to be more important in the high-technological industries. Market growth and R&D intensity exert no influence on the hazard rate in either the low- or high-tech industries.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: WZB Discussion Paper ; No. FS IV 91-28

Classification and Topics

• Classification: Wirtschaft

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Mahmood, Talat
• Event: Veröffentlichung
• (who): Wissenschaftszentrum Berlin für Sozialforschung (WZB) ; Wissenschaftszentrum Berlin für Sozialforschung (WZB)
• (where): Berlin
• (when): 1991

Further information

• Handle: http://hdl.handle.net/10419/83021
• Last update: 10.03.2025, 11:43 AM CET