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Title:Initial Luck, Status-Seeking and Snowballs Lead to Corporate Success and Failure PDF Logo
Authors:Glazer, Amihai
Kanniainen, Vesa
Poutvaara, Panu
Issue Date:2004
Series/Report no.:IZA Discussion paper series 1426
Abstract:Corporate success often resembles a snowball. We show how initial luck in hiring talented people, the resulting technological advantage, superior corporate culture, and status-seeking by workers can make small initial differences generate large differences over time.
Subjects:industry equilibrium
initial luck
status effects
snowball
JEL:L00
L13
Document Type:Working Paper
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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