The Risks of Innovation : Are Innovating Firms Less Likely to Die?
While innovation matters for competitiveness, it may expose firms to survival risks. Using plant-product data for Chile and discrete-time hazard models, we show that innovating plants have a lower hazard of exit. However, risk has a strong impact on the innovation-exit relationship: only innovators...
Main Authors: | , |
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Format: | Journal Article |
Language: | en_US |
Published: |
MIT Press
2016
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Subjects: | |
Online Access: | http://hdl.handle.net/10986/23943 |