INSTITUTIONAL BARRIERS AND INDUSTRY DYNAMICS

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dc.contributor.authorChang, SeaJinko
dc.contributor.authorWu, Brianko
dc.date.accessioned2014-12-16-
dc.date.available2014-12-16-
dc.date.created2014-08-18-
dc.date.created2014-08-18-
dc.date.issued2014-08-
dc.identifier.citationSTRATEGIC MANAGEMENT JOURNAL, v.35, no.8, pp.1103 - 1123-
dc.identifier.issn0143-2095-
dc.identifier.urihttp://hdl.handle.net/10203/192692-
dc.description.abstractThis study demonstrates that new entrants exhibit higher productivity but also higher exit hazard than incumbents in post-liberalization China. We argue this seemingly paradoxical relationship is attributable to institutional barriers, defined as the hindrance in the institutional environment that prevents market selection forces to function. New entrants require higher productivity to compensate for those institutional barriers, which in turn implies a higher exit hazard after controlling for productivity. Our empirical findings support this argument and further show that the differences in productivity and exit hazard between new entrants and incumbents become smaller where and when institutional barriers recede. By integrating economic and institutional perspectives, we highlight the importance of institutional factors in shaping industry evolution.-
dc.languageEnglish-
dc.publisherWILEY-BLACKWELL-
dc.subjectRESEARCH-AND-DEVELOPMENT-
dc.subjectLIFE-CYCLE-
dc.subjectORGANIZATIONAL DYNAMICS-
dc.subjectECONOMIC-PERFORMANCE-
dc.subjectFIRM PERFORMANCE-
dc.subjectEMERGING MARKET-
dc.subjectCHINA-
dc.subjectENTRY-
dc.subjectPRODUCTIVITY-
dc.subjectTRANSITION-
dc.titleINSTITUTIONAL BARRIERS AND INDUSTRY DYNAMICS-
dc.typeArticle-
dc.identifier.wosid000339272100001-
dc.identifier.scopusid2-s2.0-84904042487-
dc.type.rimsART-
dc.citation.volume35-
dc.citation.issue8-
dc.citation.beginningpage1103-
dc.citation.endingpage1123-
dc.citation.publicationnameSTRATEGIC MANAGEMENT JOURNAL-
dc.identifier.doi10.1002/smj.2152-
dc.contributor.localauthorChang, SeaJin-
dc.contributor.nonIdAuthorWu, Brian-
dc.type.journalArticleArticle-
dc.subject.keywordAuthorindustry dynamics-
dc.subject.keywordAuthorinstitutional barriers-
dc.subject.keywordAuthorincumbents-
dc.subject.keywordAuthornew entrants-
dc.subject.keywordAuthorliberalization-
dc.subject.keywordPlusRESEARCH-AND-DEVELOPMENT-
dc.subject.keywordPlusLIFE-CYCLE-
dc.subject.keywordPlusORGANIZATIONAL DYNAMICS-
dc.subject.keywordPlusECONOMIC-PERFORMANCE-
dc.subject.keywordPlusFIRM PERFORMANCE-
dc.subject.keywordPlusEMERGING MARKET-
dc.subject.keywordPlusCHINA-
dc.subject.keywordPlusENTRY-
dc.subject.keywordPlusPRODUCTIVITY-
dc.subject.keywordPlusTRANSITION-
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