Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/110994 
Erscheinungsjahr: 
2006
Schriftenreihe/Nr.: 
Papers on Entrepreneurship, Growth and Public Policy No. 1205
Verlag: 
Max Planck Institute of Economics, Jena
Zusammenfassung: 
The paper uses a unique dataset comprising the population of new ventures that enter the UK market in 1998. We argue that we would expect the effect of market concentration on firm survival to be different according to whether an industry is static (low entry and exit) or dynamic. In our empirical analysis we find support for this hypothesis. Industry concentration rates reduce the survival of new plants but only in markets marked by low entry and exit rates. Specifically, a 10 percent increase in the 5-firm concentration ratio or the Herfindahl index in a dynamic market, raises the survival rate of new ventures by approximately 2 percent. Our results suggest greater leniency towards more dominant firms in industries showing buoyant entry and exit rates.
Schlagwörter: 
new firms
start-ups
survival
dynamism
competition policy
industry concentration
JEL: 
L11
L25
M13
M40
Ältere Version: 
Dokumentart: 
Working Paper

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