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http://hdl.handle.net/1893/10964| Appears in Collections: | Economics Journal Articles |
| Peer Review Status: | Refereed |
| Title: | Incumbent innovation and domestic entry |
| Author(s): | Falck, Oliver Heblich, Stephan Kipar, Stefan |
| Contact Email: | stephan.heblich@stir.ac.uk |
| Keywords: | Entry Process innovation Product innovation |
| Issue Date: | Apr-2011 |
| Date Deposited: | 11-Feb-2013 |
| Citation: | Falck O, Heblich S & Kipar S (2011) Incumbent innovation and domestic entry. Small Business Economics, 36 (3), pp. 271-279. https://doi.org/10.1007/s11187-009-9219-1 |
| Abstract: | This paper analyzes the escape-entry incentive for innovation by incumbent firms. The threat posed by the possibility of leading-edge firms entering the market influences incumbent innovation. To overcome problems of endogeneity, we apply an instrumental variable approach to analyze a rich firmlevel dataset (1987-2000) for Germany. We find evidence that domestic entry has a negative effect on incumbent product innovation, which is a strong indication of new entrants' comparative advantage in commercializing new ideas. In contrast, domestic entry has a positive effect on incumbent process innovations, an effect also known as the escape-entry effect. |
| DOI Link: | 10.1007/s11187-009-9219-1 |
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| Licence URL(s): | http://www.rioxx.net/licenses/under-embargo-all-rights-reserved |
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