Creative destruction and firm-specific performance heterogeneity

By Hyunbae Chun, Jung-wook Kim, Randall K. Morck, Bernard Yeung. 2007

173 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Information Systems

View Paper: https://www.semanticscholar.org/paper/c10c8e91e8189045dbcaff472c1a42ead85e9571

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

1. Ali Tafti
2. Will Mitchell
3. Sunil Mithas
4. Claudio Loderer
5. Urs Waelchli
6. K. Meyer
7. Subrata Chakrabarty

In Information Systems

1. Sunil Mithas

Citations in the corpus

• Democratizing Entry: Banking Deregulations, Financing Constraints, and Entrepreneurship (2009, unknown): “…distortions like cronyism, scarce nancing is reallocated to the most quali ed entrepreneurs, ine¢ cient incumbents are displaced, and product markets improve due to Schumpeterian creative destruction (e.g., King and Levine 1993a,b; Rajan and Zingales 2003; Aghion et al. 2007; Chun et al. 2008).”
• How a Firm's Competitive Environment and Digital Strategic Posture Influence Digital Business Strategy (2013, methodology): “We define relative firm-specific variation, in a manner analogous to Chun et al. (2008), as ln( σ ) – ln( σ ).”
• Product Market Competition, Insider Trading, and Stock Market Efficiency (2010, unknown): “…by stock prices, is less accurate.6 4This finding may explain why stock picking appears to be declining in the United States since the 1960s (Bhattacharya and Galpin (2005)) as competition in product markets intensifies (Gaspar and Massa (2005), Irvine and Pontiff (2009), Chun et al. (2008)).”
• Firm age and performance (2010, background): “Most studies that look at firm age, including Shumway (2001), Pástor and Veronesi (2003), Fama and French (2004), and Chun et al. (2008), measure age in the same way.”
• Aggregate Idiosyncratic Volatility (2012, unknown): “Finally, Chun et al. (2008) argue that a more intensive use of information technology and faster production growth created a wave of creative destruction, leading to higher idiosyncratic volatility.”