Old firms and new products: Does experience increase survival?

Arbeitspapier

We examine the relationship between exporting experience and the duration of firm export product flows. We find that more experienced firms (in years of exporting) show a higher probability of failure associated with the introduction of new products. Although apparently counter-intuitive, we show that this finding is consistent with models of multiproduct firms in which firms begin exporting by launching the products closest to their core competency and gradually expand their range of products by exporting those that are further away from their core, resulting in lower survival probability for later products. Validating this interpretation, we show that the distance of the new products to the core competency of the firm plays an important role in determining the survival of new products.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: ESRI Working Paper ; No. 584

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Trade: General
• Thema: Duration of Trade ; Firm Survival ; Export Experience ; Multi-product Firms

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Lawless, Martina ; Studnicka, Zuzanna
• Ereignis: Veröffentlichung
• (wer): The Economic and Social Research Institute (ESRI)
• (wo): Dublin
• (wann): 2018

Weitere Informationen

• Handle: http://hdl.handle.net/10419/193921
• Letzte Aktualisierung: 10.03.2025, 11:42 MEZ