What doesn't kill you makes you stronger: The evolution of competition and entry-order advantages in economically turbulent contexts

We examine the evolution of competition and entry-order advantages in markets under macroeconomic distress. Through formal modeling of early-mover advantages along industry life cycles subjected to economic shocks and based on simulation findings, we propose that such shocks exogenously induce tempo...

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Detalhes bibliográficos
Autores: García Sánchez, Javier, Mesquita, Luis F., Vassolo, Roberto Santiago
Tipo de documento: artigo
Estado:Versão publicada
Data de publicação:2014
País:Argentina
Recursos:Consejo Nacional de Investigaciones Científicas y Técnicas
Repositório:CONICET Digital (CONICET)
Idioma:inglês
OAI Identifier:oai:ri.conicet.gov.ar:11336/50839
Acesso em linha:http://hdl.handle.net/11336/50839
Access Level:Acceso aberto
Palavra-chave:Competitive Dynamics
Early Mover Advantages
Economic Shocks
Industry Life Cycle
Simulation
https://purl.org/becyt/ford/5.2
https://purl.org/becyt/ford/5
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spelling What doesn't kill you makes you stronger: The evolution of competition and entry-order advantages in economically turbulent contextsGarcía Sánchez, JavierMesquita, Luis F.Vassolo, Roberto SantiagoCompetitive DynamicsEarly Mover AdvantagesEconomic ShocksIndustry Life CycleSimulationhttps://purl.org/becyt/ford/5.2https://purl.org/becyt/ford/5We examine the evolution of competition and entry-order advantages in markets under macroeconomic distress. Through formal modeling of early-mover advantages along industry life cycles subjected to economic shocks and based on simulation findings, we propose that such shocks exogenously induce temporary industry discontinuities that shift the relative value of distinct asset endowments, thereby switching the bases for competitive advantages vis-à-vis those found in stable contexts. A vital trade-off then emerges between a firm's financial flexibility and its pace of investments in isolating mechanisms, such that the former operates as a contingency factor for the latter. As such, flexibility superiority boosts early-entrants' advantages, while it alternatively gives laggards a much desired strength to out trump first-mover rivals. Our study informs entry-order advantage theory and management practice in economically turbulent contexts.Fil: García Sánchez, Javier. Universidad Austral; ArgentinaFil: Mesquita, Luis F.. University of Arizona; Estados UnidosFil: Vassolo, Roberto Santiago. Consejo Nacional de Investigaciones Científicas y Técnicas; Argentina. Universidad Austral; ArgentinaJohn Wiley and Sons Ltd2014-12info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionhttp://purl.org/coar/resource_type/c_6501info:ar-repo/semantics/articuloapplication/pdfapplication/pdfhttp://hdl.handle.net/11336/50839García Sánchez, Javier; Mesquita, Luis F.; Vassolo, Roberto Santiago; What doesn't kill you makes you stronger: The evolution of competition and entry-order advantages in economically turbulent contexts; John Wiley and Sons Ltd; Strategic Management Journal; 35; 13; 12-2014; 1972-19921097-0266CONICET DigitalCONICETenginfo:eu-repo/semantics/altIdentifier/doi/10.1002/smj.2189info:eu-repo/semantics/altIdentifier/url/https://onlinelibrary.wiley.com/doi/abs/10.1002/smj.2189info:eu-repo/semantics/openAccesshttps://creativecommons.org/licenses/by-nc-sa/2.5/ar/reponame:CONICET Digital (CONICET)instname:Consejo Nacional de Investigaciones Científicas y Técnicas2024-05-08T13:46:36Zoai:ri.conicet.gov.ar:11336/50839instacron:CONICETInstitucionalhttp://ri.conicet.gov.ar/Organismo científico-tecnológicoNo correspondehttp://ri.conicet.gov.ar/oai/requestdasensio@conicet.gov.ar; lcarlino@conicet.gov.arArgentinaNo correspondeNo correspondeNo correspondeopendoar:34982024-05-08 13:46:36.337CONICET Digital (CONICET) - Consejo Nacional de Investigaciones Científicas y Técnicasfalse
dc.title.none.fl_str_mv What doesn't kill you makes you stronger: The evolution of competition and entry-order advantages in economically turbulent contexts
title What doesn't kill you makes you stronger: The evolution of competition and entry-order advantages in economically turbulent contexts
spellingShingle What doesn't kill you makes you stronger: The evolution of competition and entry-order advantages in economically turbulent contexts
García Sánchez, Javier
Competitive Dynamics
Early Mover Advantages
Economic Shocks
Industry Life Cycle
Simulation
https://purl.org/becyt/ford/5.2
https://purl.org/becyt/ford/5
title_short What doesn't kill you makes you stronger: The evolution of competition and entry-order advantages in economically turbulent contexts
title_full What doesn't kill you makes you stronger: The evolution of competition and entry-order advantages in economically turbulent contexts
title_fullStr What doesn't kill you makes you stronger: The evolution of competition and entry-order advantages in economically turbulent contexts
title_full_unstemmed What doesn't kill you makes you stronger: The evolution of competition and entry-order advantages in economically turbulent contexts
title_sort What doesn't kill you makes you stronger: The evolution of competition and entry-order advantages in economically turbulent contexts
dc.creator.none.fl_str_mv García Sánchez, Javier
Mesquita, Luis F.
Vassolo, Roberto Santiago
author García Sánchez, Javier
author_facet García Sánchez, Javier
Mesquita, Luis F.
Vassolo, Roberto Santiago
author_role author
author2 Mesquita, Luis F.
Vassolo, Roberto Santiago
author2_role author
author
dc.subject.none.fl_str_mv Competitive Dynamics
Early Mover Advantages
Economic Shocks
Industry Life Cycle
Simulation
https://purl.org/becyt/ford/5.2
https://purl.org/becyt/ford/5
topic Competitive Dynamics
Early Mover Advantages
Economic Shocks
Industry Life Cycle
Simulation
https://purl.org/becyt/ford/5.2
https://purl.org/becyt/ford/5
description We examine the evolution of competition and entry-order advantages in markets under macroeconomic distress. Through formal modeling of early-mover advantages along industry life cycles subjected to economic shocks and based on simulation findings, we propose that such shocks exogenously induce temporary industry discontinuities that shift the relative value of distinct asset endowments, thereby switching the bases for competitive advantages vis-à-vis those found in stable contexts. A vital trade-off then emerges between a firm's financial flexibility and its pace of investments in isolating mechanisms, such that the former operates as a contingency factor for the latter. As such, flexibility superiority boosts early-entrants' advantages, while it alternatively gives laggards a much desired strength to out trump first-mover rivals. Our study informs entry-order advantage theory and management practice in economically turbulent contexts.
publishDate 2014
dc.date.none.fl_str_mv 2014-12
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
http://purl.org/coar/resource_type/c_6501
info:ar-repo/semantics/articulo
format article
status_str publishedVersion
dc.identifier.none.fl_str_mv http://hdl.handle.net/11336/50839
García Sánchez, Javier; Mesquita, Luis F.; Vassolo, Roberto Santiago; What doesn't kill you makes you stronger: The evolution of competition and entry-order advantages in economically turbulent contexts; John Wiley and Sons Ltd; Strategic Management Journal; 35; 13; 12-2014; 1972-1992
1097-0266
CONICET Digital
CONICET
url http://hdl.handle.net/11336/50839
identifier_str_mv García Sánchez, Javier; Mesquita, Luis F.; Vassolo, Roberto Santiago; What doesn't kill you makes you stronger: The evolution of competition and entry-order advantages in economically turbulent contexts; John Wiley and Sons Ltd; Strategic Management Journal; 35; 13; 12-2014; 1972-1992
1097-0266
CONICET Digital
CONICET
dc.language.none.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv info:eu-repo/semantics/altIdentifier/doi/10.1002/smj.2189
info:eu-repo/semantics/altIdentifier/url/https://onlinelibrary.wiley.com/doi/abs/10.1002/smj.2189
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
https://creativecommons.org/licenses/by-nc-sa/2.5/ar/
eu_rights_str_mv openAccess
rights_invalid_str_mv https://creativecommons.org/licenses/by-nc-sa/2.5/ar/
dc.format.none.fl_str_mv application/pdf
application/pdf
dc.publisher.none.fl_str_mv John Wiley and Sons Ltd
publisher.none.fl_str_mv John Wiley and Sons Ltd
dc.source.none.fl_str_mv reponame:CONICET Digital (CONICET)
instname:Consejo Nacional de Investigaciones Científicas y Técnicas
instname_str Consejo Nacional de Investigaciones Científicas y Técnicas
reponame_str CONICET Digital (CONICET)
collection CONICET Digital (CONICET)
repository.name.fl_str_mv CONICET Digital (CONICET) - Consejo Nacional de Investigaciones Científicas y Técnicas
repository.mail.fl_str_mv dasensio@conicet.gov.ar; lcarlino@conicet.gov.ar
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score 15,811543

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