From Russia with love: the impact of relocated firms on incumbent survival

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From Russia with love: the impact of relocated firms on incumbent survival

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Title: From Russia with love: the impact of relocated firms on incumbent survival
Author: Falck, Oliver; Guenther, Christina; Heblich, Stephan; Kerr, William Robert

Note: Order does not necessarily reflect citation order of authors.

Citation: Falck, Oliver, Christina Guenther, Stephan Heblich, and William R. Kerr. "From Russia with Love: The Impact of Relocated Firms on Incumbent Survival." Journal of Economic Geography (forthcoming).
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Abstract: We identify the impact of local firm concentration on incumbent performance with a quasi-natural experiment. When Germany was divided after World War II, many firms in the machine tool industry fled the Soviet occupied zone to prevent expropriation. We show that the regional location decisions of these firms upon moving to western Germany were driven by non-economic factors and heuristics rather than existing industrial conditions. Relocating firms increased the likelihood of incumbent failure in destination regions, a pattern that differs sharply from new entrants. We further provide evidence that these effects are due to increased competition for local resources.
Published Version: http://joeg.oxfordjournals.org/content/early/2012/10/18/jeg.lbs035.abstract
Terms of Use: This article is made available under the terms and conditions applicable to Open Access Policy Articles, as set forth at http://nrs.harvard.edu/urn-3:HUL.InstRepos:dash.current.terms-of-use#OAP
Citable link to this page: http://nrs.harvard.edu/urn-3:HUL.InstRepos:9969386

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