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

Corporate success often resembles a snowball. We show how initial luck in hiring talented people, the resulting technological advantage, superior corporate culture, and status-seeking by workers 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
Publisher:	Bonn : Institute for the Study of Labor (IZA)
Subject:	Unternehmensentwicklung \| Prestige \| Unternehmenskultur \| Evolutionsökonomik \| Innovationswettbewerb \| Theorie \| path dependency \| industry equilibrium \| initial luck \| status effects \| snowball

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Series:	IZA Discussion Papers ; 1426
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	477629024 [GVK] hdl:10419/20724 [Handle]
Classification:	L00 - Industrial Organization. General ; L13 - Oligopoly and Other Imperfect Markets
Source:	EconStor

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