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Interdependencies in the Dynamics of Entry and Exit

PublikationArtikel (med peer review)
Arbetsliv, Arbetsmarknad, Entry, Industri, Kristina Nyström

Sammanfattning

This paper investigates the interdependence between firm entry and exit from an industrial dynamics perspective. The paper discusses how entry and exit rates in industrial sectors are affected by previous exit and entry rates. Economic theory presents two different approaches to how entry and exit of firms are interrelated, the multiplier effect and the competition effect. This paper intends to investigate which force is the predominant one, for entry and exit patterns, respectively. The empirical analysis is based on data for 25 Swedish manufacturing industries at the 2-digit SIC level, during the period 1991–2000. In the estimation work the study applies a dynamic panel data approach as suggested by Anderson and Hsiao [Journal of the American Statistical Association, 76:598–606, 1981] and Arellano and Bond [Review of Economic Studies, 58(2):277–297, 1991]. With respect to entry, the empirical results support the multiplier effect such that entry stimulates future entry, but also a competition effect such that past exit induces additional entry. With regard to exit, on the other hand, the competition effect rules, implying that previous entry causes subsequent exit and previous exit reduces subsequent exit.

Nyström, K. (2007). ”Interdependencies in the Dynamics of Entry and Exit.”Journal of Industry, Competition and Trade, 7(2): 113-130.


Liknande innehåll

Working Paper No. 333: Balancing employment protection and what’s good for the company
Working paperPublikation
Stern, C. & Weidenstedt, L.
Publiceringsår

2020

Publicerat i

Ratio Working Paper

Sammanfattning

Like most developed countries, Sweden has institutionalized employment protection legislation, called LAS. LAS is interesting theoretically because parts of it are semi-coercive. The semi-coerciveness makes it possible for firms and unions under collective agreements to negotiate departures from the law, for instance regarding seniority rules and terminations due to employees’ fit and/or misconduct. In this sense, the law is more flexible than the legal text suggests. The present study explores how the semi-coercive institution of employment protection is perceived and implemented by managers of smaller manufacturing companies. The results suggest that managers support the idea of employment protection rules in principle but face a difficult balancing act in dealing with LAS. Thus, the institutional legitimacy of the law is low. LAS ends up producing local cultures of hypocrisy and pretense. The paper gives insights into how institutions aimed at producing good moral behavior sometimes end up producing the opposite.

Moderna tider 4.0
BokPublikation
Grafström, J.
Publiceringsår

2020

Sammanfattning

Vi är många som närmar oss ett vägval: antingen kan vi börja på en yrkesväg som leder till guld och gröna skogar, eller fortsätta trampa en allt smalare och allt mer eftersatt stig. Den här boken vänder sig till dig som är nyfiken på vad det är som förändras i Sverige och världen idag, vad vi kan lära oss av historiska omställningar och vilka branscher som kan påverkas, blomstra – eller dö.

Oavsett om det är teknologisk utveckling eller oförutsedda globala händelser som orsakar branschförändringar är en sak klar: förändringarna sker snabbt. Många kommer inte hinna med tåget. Det här är guiden till framtidens yrken för dig som inte vill bli kvar på perrongen.

Working for an entrepreneur: heaven or hell?
Artikel (med peer review)Publikation
Nyström, K.
Publiceringsår

2021

Sammanfattning

Recruiting employees to an entrepreneurial venture is a challenging task. From the employee’s perspective, accepting a position in an entrepreneurial venture potentially implies considerable uncertainty. This paper provide a literature review and identifies research gaps related to labor mobility of employees into and out of entrepreneurial firms. Who works for an entrepreneur? What are the conditions under which the employees of entrepreneurial firms work? Additionally, labor mobility after an employee works for an entrepreneurial firm is discussed. In conclusion, the quality of the jobs generated by entrepreneurial firms may be questionable (and still relatively unexplored in empirical research), but they are nevertheless important from a labor dynamic perspective. Better understanding about motives to work for an entrepreneur, issues related to job security beyond survival rates, and job quality may contribute to ease the recruitment problems that many entrepreneurial firms struggle with. Furthermore, the relevance and potential pros and cons of working for an entrepreneurial firm in future career paths (entrepreneur or employee) need to be carefully addressed in future research.

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