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On the Dynamics of Organizational Mortality: Age Dependence Revisited

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  • Le Mens, Gael

    (Universitat Pompeu Fabra)

  • Hannan, Michael T.

    (Stanford University)

  • Polos, Laszlo

    (Durham University)

Abstract

This paper proposes a novel theoretical framework to model the dynamics of organizational mortality. The main theoretical contribution is a clarification of the relations between organizational fitness, endowment, organizational capital and mortality hazard. If the mortality hazard is a function of the stock of organizational capital, and the rate of accumulation of organizational capital is a function of the level of organizational fitness, organizational fitness becomes the key factor in predicting the evolution of the mortality hazard. The paper demonstrates how this new perspective can cast a new light on the much studied relation between organizational age and the hazard of organizational mortality.

Suggested Citation

  • Le Mens, Gael & Hannan, Michael T. & Polos, Laszlo, 2010. "On the Dynamics of Organizational Mortality: Age Dependence Revisited," Research Papers 2062, Stanford University, Graduate School of Business.
    • Handle: RePEc:ecl:stabus:2062
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    File URL: http://gsbapps.stanford.edu/researchpapers/library/RP2062.pdf
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