Is Failure Good ?  

Oleh:

Knott, Anne Marie ; Posen, Hart E.

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Strategic Management Journal vol. 26 no. 7 (Jul. 2005), page 617-642.
Topik: failure; failure; entry; efficiency; spillovers; selection; competition

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: SS30.19 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

Lihat Detail Induk

Isi artikel

Approximately 80 - 90 percent of new firms ultimately fail. The tendency is to think of this failure as wasteful. We, however examine whether there are economic benefits to offset the waste. We characteristize three potential mechanisms through which excess entry affects market structure, firm behaviour, and efficiency, then test them in the banking industry. Results indicate that failed firms generate externalities that significantly and substantially reduce industry cost. On average these benefits exceed the private costs of the entrants. Thus failure appears to be good for the economy.

Opini Anda

Klik untuk menuliskan opini Anda tentang koleksi ini!

Kembali