Resource title

Survival in a Concentrating Industry: The Case of Daily Newspapers in the Netherlands

Resource image

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Resource description

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 hazards 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.

Resource author

Hans L. van Kranenburg, Franz Palm, Gerard A. Pfann

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/21363

Resource license

Adapt according to the presented license agreement and reference the original author.