• I. Introduction
  • II. Theoretical background
  • II.1. First-mover advantages
  • II.2. Pioneer burnout
  • II.3. The role of pre-entry experience
  • III. Empirical setting
  • IV. Empirical estimation strategy and Data
  • IV.1. Estimation strategy
  • IV.2. Data
  • V. Analysis: Survival in the new product market and on the industry level
  • V.1. Survival in the new product market
  • V.2. Survival in the new product market of traditional machine tool builders
  • V.3. Survival on the industry level: entrants versus non-entrants
  • VI. Conclusion
  • References