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Natural selection or strategic adaptation? Entrepreneurial digital technologies and survival of the species

Author

Listed:
  • David Bruce Audretsch

    (Indiana University Bloomington)

  • Martina Aronica

    (University of Palermo)

  • Maksim Belitski

    (University of Reading
    Loyola University
    IGS-Groupe)

  • Davide Piacentino

    (University of Palermo)

Abstract

Research on firm survival has primarily focused on input and outcomes. We shift the conversation by performing a systematic analysis of moderating role of firm size in the relationship between firm survival and strategic adaptation. After establishing a theoretical framework, we empirically assess the impact of strategic adaptation through digital transformation and public financial aid on the likelihood of firm survival. We find that smart working helped small firms, while home delivery and e-commerce had no effect on their survival. In contrast, liquidity support from the government and deferral of credit benefited micro firms. Our study emphasizes the importance of analyzing survival probabilities by differentiating firms by size, with the ultimate goal of exploring how selection or strategic adaptation processes may variably impact them.

Suggested Citation

  • David Bruce Audretsch & Martina Aronica & Maksim Belitski & Davide Piacentino, 2024. "Natural selection or strategic adaptation? Entrepreneurial digital technologies and survival of the species," The Journal of Technology Transfer, Springer, vol. 49(5), pages 1631-1659, October.
    • Handle: RePEc:kap:jtecht:v:49:y:2024:i:5:d:10.1007_s10961-024-10065-x
    DOI: 10.1007/s10961-024-10065-x
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