Matches in SemOpenAlex for { <https://semopenalex.org/work/W2123398584> ?p ?o ?g. }
Showing items 1 to 87 of
87
with 100 items per page.
- W2123398584 endingPage "47" @default.
- W2123398584 startingPage "1" @default.
- W2123398584 abstract "We propose an explanation for the rapid post-entry growth of surviving firms found in recent studies. At the core of our theory is the interaction between adjustment costs and learning by entering firms about their efficiency. We show that linear adjustment costs, i.e., proportional costs, create incentives for firms to enter smaller and for successful firms to grow faster after entry. Initial uncertainty about profitability makes entering firms prudent since they want to avoid incurring superfluous costs on jobs that prove to be excessive ex post. Because higher adjustment costs imply less pruning of inefficient firms and faster growth of surviving firms, the contribution of survivors to growth in a cohort's average size increases. For the cohort of 1988 entrants in the Portuguese economy, we conclude that survivors' growth is the main factor behind growth in the cohort's average size. However, initial selection is higher and the survivors' contribution to growth is smaller in services than in manufacturing. An estimation of the model shows that the proportional adjustment cost is the key parameter to account for the high empirical survivors' contribution. In addition, firms in manufacturing learn relatively less initially about their efficiency and are subject to larger adjustment costs than firms in services." @default.
- W2123398584 created "2016-06-24" @default.
- W2123398584 creator A5026683371 @default.
- W2123398584 date "2008-07-01" @default.
- W2123398584 modified "2023-09-26" @default.
- W2123398584 title "Firm Dynamics with Infrequent Adjustment and Learning" @default.
- W2123398584 cites W1013253927 @default.
- W2123398584 cites W1964382689 @default.
- W2123398584 cites W1991871318 @default.
- W2123398584 cites W1999067955 @default.
- W2123398584 cites W2001189565 @default.
- W2123398584 cites W2012613983 @default.
- W2123398584 cites W2013915050 @default.
- W2123398584 cites W2017299421 @default.
- W2123398584 cites W2038002035 @default.
- W2123398584 cites W2062538328 @default.
- W2123398584 cites W2077867009 @default.
- W2123398584 cites W2079626840 @default.
- W2123398584 cites W2088782929 @default.
- W2123398584 cites W2089114162 @default.
- W2123398584 cites W2123253124 @default.
- W2123398584 cites W2123536337 @default.
- W2123398584 cites W2133305303 @default.
- W2123398584 cites W2151405999 @default.
- W2123398584 cites W2157350782 @default.
- W2123398584 cites W3121173810 @default.
- W2123398584 cites W3121313581 @default.
- W2123398584 cites W3121515033 @default.
- W2123398584 cites W3121592550 @default.
- W2123398584 cites W3123536103 @default.
- W2123398584 cites W3123751954 @default.
- W2123398584 cites W4250793250 @default.
- W2123398584 cites W638555530 @default.
- W2123398584 doi "https://doi.org/10.17016/feds.2008.14" @default.
- W2123398584 hasPublicationYear "2008" @default.
- W2123398584 type Work @default.
- W2123398584 sameAs 2123398584 @default.
- W2123398584 citedByCount "1" @default.
- W2123398584 crossrefType "journal-article" @default.
- W2123398584 hasAuthorship W2123398584A5026683371 @default.
- W2123398584 hasBestOaLocation W21233985841 @default.
- W2123398584 hasConcept C10138342 @default.
- W2123398584 hasConcept C105795698 @default.
- W2123398584 hasConcept C129361004 @default.
- W2123398584 hasConcept C144133560 @default.
- W2123398584 hasConcept C149782125 @default.
- W2123398584 hasConcept C162324750 @default.
- W2123398584 hasConcept C175444787 @default.
- W2123398584 hasConcept C29122968 @default.
- W2123398584 hasConcept C33923547 @default.
- W2123398584 hasConcept C40700 @default.
- W2123398584 hasConcept C72563966 @default.
- W2123398584 hasConceptScore W2123398584C10138342 @default.
- W2123398584 hasConceptScore W2123398584C105795698 @default.
- W2123398584 hasConceptScore W2123398584C129361004 @default.
- W2123398584 hasConceptScore W2123398584C144133560 @default.
- W2123398584 hasConceptScore W2123398584C149782125 @default.
- W2123398584 hasConceptScore W2123398584C162324750 @default.
- W2123398584 hasConceptScore W2123398584C175444787 @default.
- W2123398584 hasConceptScore W2123398584C29122968 @default.
- W2123398584 hasConceptScore W2123398584C33923547 @default.
- W2123398584 hasConceptScore W2123398584C40700 @default.
- W2123398584 hasConceptScore W2123398584C72563966 @default.
- W2123398584 hasIssue "14" @default.
- W2123398584 hasLocation W21233985841 @default.
- W2123398584 hasLocation W21233985842 @default.
- W2123398584 hasLocation W21233985843 @default.
- W2123398584 hasLocation W21233985844 @default.
- W2123398584 hasOpenAccess W2123398584 @default.
- W2123398584 hasPrimaryLocation W21233985841 @default.
- W2123398584 hasRelatedWork W1980992492 @default.
- W2123398584 hasRelatedWork W1998829505 @default.
- W2123398584 hasRelatedWork W1999502819 @default.
- W2123398584 hasRelatedWork W2029771684 @default.
- W2123398584 hasRelatedWork W2094281881 @default.
- W2123398584 hasRelatedWork W2165007863 @default.
- W2123398584 hasRelatedWork W2416885551 @default.
- W2123398584 hasRelatedWork W2621970988 @default.
- W2123398584 hasRelatedWork W3123245654 @default.
- W2123398584 hasRelatedWork W4313635713 @default.
- W2123398584 hasVolume "2008" @default.
- W2123398584 isParatext "false" @default.
- W2123398584 isRetracted "false" @default.
- W2123398584 magId "2123398584" @default.
- W2123398584 workType "article" @default.