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Does the hazard rate for new plants vary between low- and high-tech industries?

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  • Mahmood, Talat

Abstract

Based on a longitudinal data base the hazard rate of over 12,000 newly established plants in U.S. manufacturing industry in 1976 are estimated and then compared between low and high-tech industries. It is found that the hazard rate differs across industries, and it also varies between low- and high-tech industries. The hazard rate in low-tech industries is reduced in the presence of scale economies, whereas the exposure to risk tends to be higher in high-tech industries. The influence of start-up size in reducing the hazard rate is apparently similar between low and high-tech industries, but its role is found to be more important in the high-technological industries. Market growth and R&D intensity exert no influence on the hazard rate in either the low- or high-tech industries.

Suggested Citation

  • Mahmood, Talat, 1991. "Does the hazard rate for new plants vary between low- and high-tech industries?," Discussion Papers, various Research Units FS IV 91-28, WZB Berlin Social Science Center.
    • Handle: RePEc:zbw:wzbdiv:fsiv9128
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    References listed on IDEAS

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    1. Evans, David S, 1987. "The Relationship between Firm Growth, Size, and Age: Estimates for 100 Manufacturing Industries," Journal of Industrial Economics, Wiley Blackwell, vol. 35(4), pages 567-581, June.
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    8. Hall, Bronwyn H, 1987. "The Relationship between Firm Size and Firm Growth in the U.S. Manufacturing Sector," Journal of Industrial Economics, Wiley Blackwell, vol. 35(4), pages 583-606, June.
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    Cited by:

    1. Nerlinger, Eric A. & Berger, Georg, 1995. "Technologieorientierte Industrien und Unternehmen: Alternative Definitionen," ZEW Discussion Papers 95-20, ZEW - Leibniz Centre for European Economic Research.

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