Securing Their Future? Markets for Technology and Survival in the Information Security Industry
We study how markets for technology affect entry and survival in the information security industry. Markets for technology facilitate the entry of firms that lack proprietary technology. However, they also increase the relative advantage of downstream capabilities. Since we do not observe the entire population of potential entrants, we test these ideas by studying survival. The results show that a greater supply of technology increases the exit of firms, consistent with a lowering of entry barriers. However, firms with greater marketing capability and size are less likely to exit, the greater is the supply of technology, but greater technical capability is less potent. This is consistent with the hypothesis that markets for technology enhance the relative value of marketing and scale.
1. Managing and Coping with Transition Part 1: Setting the Context 2. New Poverty and Old Poverty: Livelihoods and Transition in Laos 3. Subsistence Affluence or Subsistence Struggle? Unpicking tradition and Illuminating the Past 4. Poverty, Inequality and Exclusion Part 2: Constructing the Argument 5. The Best of Intentions: Policy-Induced Poverty 6. Market-Induced Poverty: Market Integration and Social Differentiation 7. Making Livelihoods Work Part 3: Putting It Together 8. Summarising the Case Bibliography Appendices