Search results for "industry life cycle"
showing 2 items of 2 documents
Research on Evolution and the Global History of Pulp and Paper Industry: An Introduction
2012
The underlying assumption in the economic history of industries is the deterministic nature of the industry life cycle. That is, industries are assumed to follow a specific life cycle characterized by stages of nascence, growth, maturity and decline apparent in firm numbers, production volume and technological activity. This introduction gives an overview to the theme of this volume: the analysis of the birth, growth, maturity, and finally the decline of the mechanized pulp and paper industry from its inception in the early nineteenth century Europe to its current situation and future prospects in developing markets in Southern America and other regions.
Age and productivity as determinants of firm survival over the industry life cycle
2017
AbstractThis paper contributes to fill the gap between the literature on the determinants of firm survival and the empirical works on the industry life cycle (ILC). Using a representative sample of Spanish firms with 10 or more employees over the period 1993–2009, the role played by firm age and productivity in firm survival is empirically analysed across three stages of the life cycle of forty-seven 3-digit manufacturing sectors. In the ‘early’ stage of the ILC, firm age is negatively correlated with hazard rates while firm productivity is not. Firm productivity is associated with lower hazard in the ‘mature’ stage of the ILC, when competition is primarily efficiency-driven, while firm age…