Title Page
Abstract
Contents
Chapter 1. Introduction 15
1.1. Motivation and Background of Research 16
1.2. Organization and Structure of Research 19
Chapter 2. Technological Regimes and the Persistence of First-Mover Advantages 23
2.1. Introduction 24
2.2. Literature review and theoretical background 27
2.2.1. Technological regimes and first-mover and early-entrant advantages 27
2.2.2. The persistence of first-mover and early-entrant advantages 29
2.3. Hypotheses 31
2.4. Data, variables, and empirical specifications 35
2.4.1. Data 35
2.4.2. Variables 36
2.4.3. Empirical specifications 41
2.5. Empirical results 43
2.5.1. Static (i.e., market-share-level) first-mover and early-entrant advantages 43
2.5.2. Dynamic (i.e., market-share-growth) first-mover and early-entrant advantages 48
2.6. Concluding remarks 51
2.7. Appendix 63
Chapter 3. Technological Regimes and Industrial Patterns of Firm Survival 67
3.1. Introduction 68
3.2. Literature review and theoretical background 70
3.2.1. Innovation, learning, and firm survival 70
3.2.2. Early entry and firm survival 73
3.3. Hypotheses 74
3.4. Data, variables, and empirical specifications 81
3.4.1. Data 81
3.4.2. Variables 82
3.4.3. Empirical specifications 86
3.5. Empirical results 89
3.5.1. Results for the entire sample 89
3.5.2. Results for different types of technological regimes 91
3.6. Concluding remarks 94
Chapter 4. Technological Diversification, Core Technological Competence, and Firm Growth 101
4.1. Introduction 102
4.2. Literature review and theoretical background 105
4.2.1. Why firms diversify their technology 105
4.2.2. Effects of technological diversification on firm performance 107
4.3. Hypotheses 110
4.4. Data, variables, and empirical specifications 116
4.4.1. Data 116
4.4.2. Variables 116
4.4.3. Empirical specifications 121
4.5. Empirical results 123
4.5.1. Results for the entire sample 123
4.5.2. Results for different levels of core technological competences 126
4.6. Concluding remarks 128
4.7. Appendix 136
Chapter 5. Conclusion 139
References 146
Summary (국문 요약) 161
Curriculum Vitae 166
Table 2.1. Description of the Dependent and Explanatory Variables 55
Table 2.2. Summary Statistics and Correlation Coefficients for the Key Variables 56
Table 2.3. Regression Results for Market Share (1) 57
Table 2.4. Regression Results for Market Share (2) 58
Table 2.5. Regression Results for Market Share (3) 59
Table 2.6. Regression Results for Market-Share Growth (1) 60
Table 2.7. Regression Results for Market-Share Growth (2) 61
Table 2.8. Regression Results for Market-Share Growth (3) 62
Table 3.1. Description of the Explanatory Variables 96
Table 3.2. Summary Statistics and Correlation Coefficients for the Explanatory Variables 96
Table 3.3. Results of the Gompertz Hazard Regression for the Entire Sample 97
Table 3.4. Results of the Gompertz Hazard Regression for Different Types of Technological Regimes 98
Table 4.1. Description of the Dependent and Explanatory Variables 131
Table 4.2. Summary Statistics and Correlation Coefficients of the Key Variables 132
Table 4.3. Effects of Technological Diversity on Firm Growth for the Entire Sample 133
Table 4.4. Effects of Technological Diversity on Firm Growth for the Two Subsamples 135
Figure 2.1. Conceptual Framework of First-Mover and Early-Entrant Advantages (FMAs) 53
Figure 2.2. Example 1: Same Entry Lag but Different Entry Order 54
Figure 2.3. Example 2: Same Entry Order and Entry Lag but Different Entry Gap (1) 54
Figure 2.4. Example 3: Same Entry Order and Entry Lag but Different Entry Gap (2) 54
Figure 4.1. Conceptual Framework of Technological Diversification and Firm Growth 130
Figure 4.2. Related Technological Diversification and Predicted Growth Rate 134
Figure 4.3. Unrelated Technological Diversification and Predicted Growth Rate 134