TY - JOUR
T1 - Exit and survival in a concentrating industry: The case of daily newspapers in the Netherlands
AU - Palm, F.C.
AU - van Kranenburg, H.L.
AU - Pfann, G.A.
PY - 2002/1/1
Y1 - 2002/1/1
N2 - This paper studies the effects of aggregate, industry-, and firm-specific factors on the exit hazard rates in the market for daily newspapers in the Netherlands from 1950 to 1996. We present a brief overview of the exit literature. On the basis of the existing empirical evidence, we decided to specify and estimate exponential and piecewise constant hazard rate models. We find that exit hazard rates of daily newspapers depend on the circulation size, ownership, and number of incumbents. Moreover, the effects are time-dependent. We do not find any significant effect of macroeconomic factors.
AB - This paper studies the effects of aggregate, industry-, and firm-specific factors on the exit hazard rates in the market for daily newspapers in the Netherlands from 1950 to 1996. We present a brief overview of the exit literature. On the basis of the existing empirical evidence, we decided to specify and estimate exponential and piecewise constant hazard rate models. We find that exit hazard rates of daily newspapers depend on the circulation size, ownership, and number of incumbents. Moreover, the effects are time-dependent. We do not find any significant effect of macroeconomic factors.
U2 - 10.1023/A:1020459120444
DO - 10.1023/A:1020459120444
M3 - Article
SN - 0889-938X
VL - 21
SP - 282
EP - 303
JO - Review of Industrial Organization
JF - Review of Industrial Organization
IS - 3
ER -