Growth and survival: The moderating effects of local agglomeration and local market structure
研究了新创企业成长率与失败率之间的曲线关系，发现这种关系受本地经济活动集聚程度和竞争结构的影响，对理解企业成长与生存的权衡有参考价值。
One of the central explanations of the high failure rates of de novo entrants is the liability of smallness. As a corollary, most prior literature has suggested that firms should experience survival benefits from growth. In this paper, we argue that survival benefits need to be balanced against the potential cost of rapid growth, and they are contingent upon the structure of the environment. We predict a curvilinear relationship between an entrant's growth rate and failure, and argue that the relationship is contingent upon the local agglomeration of economic activity and the local structure of competition. We test and find support for our predictions using firm‐level longitudinal data of all de novo entrants into the C anadian manufacturing sector between 1984 and 1998 . Copyright © 2014 John Wiley & Sons, Ltd