Initial Luck, Status-Seeking and Snowballs Lead to Corporate Success and Failure

Corporate success stories often resemble a snowball. We show how initial luck in hiring talented people, the resulting technological advantage, superior corporate culture, and status-seeking by workers and by consumers can make small initial differences generate large differences over time.

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Year of publication:	2004
Authors:	Glazer, Amihai ; Kanniainen, Vesa ; Poutvaara, Panu
Institutions:	CESifo
Subject:	industry equilibrium \| initial luck \| status effects \| snowball

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Extent:	application/pdf
Series:	CESifo Working Paper Series.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 1216
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005765726