Too big to succeed or too big to fail?
It is often argued that smaller/younger firms are more innovative than older/larger firms--the latter may be "too big to succeed." We show in the context of a simple industry model with consumer search frictions why evidence suggesting that smaller or younger firms are more successful at i...
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| Veröffentlicht in: | Small business economics 2018-12, Vol.51 (4), p.811-822 |
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| container_end_page | 822 |
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| container_title | Small business economics |
| container_volume | 51 |
| creator | Fishman, Arthur Don-Yehiya, Hadas Schreiber, Amnon |
| description | It is often argued that smaller/younger firms are more innovative than older/larger firms--the latter may be "too big to succeed." We show in the context of a simple industry model with consumer search frictions why evidence suggesting that smaller or younger firms are more successful at innovation may be subject to sample selection bias. Specifically, smaller more recent entrants may appear to innovate more successfully simply because unsuccessful larger incumbent firms' size advantage enables them to survive when unsuccessful smaller ones cannot—they may be "too big to fail." |
| doi_str_mv | 10.1007/s11187-017-9968-1 |
| format | Article |
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| fulltext | fulltext |
| identifier | ISSN: 0921-898X |
| ispartof | Small business economics, 2018-12, Vol.51 (4), p.811-822 |
| issn | 0921-898X 1573-0913 |
| language | eng |
| recordid | cdi_proquest_journals_1978527741 |
| source | EBSCOhost Business Source Complete; JSTOR Archive Collection A-Z Listing; SpringerLink Journals - AutoHoldings |
| subjects | Bias Business and Management Companies Entrepreneurship Industrial Organization Innovations Management Microeconomics Selection bias Size of enterprise Small business |
| title | Too big to succeed or too big to fail? |
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