Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/89337
Authors: 
Cefis, Elena
Marsili, Orietta
Year of Publication: 
2004
Series/Report no.: 
LEM Working Paper Series 2005/01
Abstract: 
This paper examines the effects of innovation on the survival of manufacturing firms in the Netherlands. The demographics of firms according to their innovative performance and type of innovation are traced by using the Business Register population of all firms active in the Netherlands and the Community Innovation Survey. Through estimation of a parametric duration model, we observe that firms do benefit of an innovation premium that extends their life expectancy, independent of firm- specific traits such as age and size. Especially process innovation seems to have a distinctive effect on survival. Furthermore, our results confirm that survival chances increase with age and the growth rate of a firm, the latter representing a more crucial factor than the initial size. Finally, sectors at high intensity of technology, that is, science based and specialised suppliers are most favourable environments to the survival of firms.
Subjects: 
Firm Survival
Innovation
Firms Exit
Duration models
JEL: 
L11
O30
D21
C14
L25
Document Type: 
Working Paper

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