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We found that insolvency of ICT firms is influenced by the short life cycle of the products\/services that these firms provide to their customers, as compared to a much longer life cycle of the products of manufacturers. We also identified that ICT service providers\u2019 business depends heavily on ICT manufacturers, but to strengthen their survival ability they must continuously introduce technological innovations. In addition, the study examined the causes of business insolvency of ICT firms based on the characteristics of the ICT industry, including the swing effect, the bandwagon effect, and winner-take-all outcomes. The study results provide valuable insights in developing survival strategies for ICT and automobile firms. The study also makes contributions to the literature in that the business insolvency phenomenon can be better explained through statistical significance analysis.<\/jats:p>","DOI":"10.1142\/s021962201550011x","type":"journal-article","created":{"date-parts":[[2015,2,18]],"date-time":"2015-02-18T02:04:12Z","timestamp":1424225052000},"page":"1523-1548","source":"Crossref","is-referenced-by-count":2,"title":["A Survival Analysis of Business Insolvency in ICT and Automobile Industries"],"prefix":"10.1142","volume":"16","author":[{"given":"Chang-Gyu","family":"Yang","sequence":"first","affiliation":[{"name":"Department of Management Information, School of Business Administration, Ajou University, Suwon 443-749, Republic of Korea"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Silvana","family":"Trimi","sequence":"additional","affiliation":[{"name":"Department of Management, University of Nebraska-Lincoln, Lincoln 68588, USA"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Sang-Gun","family":"Lee","sequence":"additional","affiliation":[{"name":"Division of Management Information Systems, Sogang Business School, Sogang University, Seoul 121-742, Republic of Korea"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Joon-Sun","family":"Yang","sequence":"additional","affiliation":[{"name":"Division of Management Information Systems, Sogang Business School, Sogang University, Seoul 121-742, Republic of Korea"}],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"219","published-online":{"date-parts":[[2017,11,15]]},"reference":[{"key":"S021962201550011XBIB002","doi-asserted-by":"publisher","DOI":"10.1016\/0090-2616(79)90001-9"},{"key":"S021962201550011XBIB003","doi-asserted-by":"publisher","DOI":"10.2307\/1061095"},{"key":"S021962201550011XBIB004","doi-asserted-by":"publisher","DOI":"10.1111\/1467-6451.00136"},{"key":"S021962201550011XBIB005","doi-asserted-by":"publisher","DOI":"10.1016\/j.telpol.2006.09.006"},{"key":"S021962201550011XBIB006","volume-title":"Survival Analysis using SAS: A Practical Guide","author":"Allison P. 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