Correction to: Journal of Evolutionary Economics

https://doi.org/10.1007/s00191-019-00623-0

The original version of this article unfortunately contained mistakes.

On page 18, the sentence “The first-order terms of MCR are positive at least at the 1% significance level in all the columns in Table 6.”

should be:

The first-order terms of MCR are positive at the 1% significance level in columns (i), (ii), and (iv) in Table 6.

On page 18, the sentence “Moreover, while the interaction term of lnE and MCR is insignificant in column (iii), that of E/F and MCR is negative at the 1% significance level in column (v).”

should be:

Moreover, while the interaction term of lnE and MCR is insignificant in column (iii), that of E/TF and MCR is positive at the 1% significance level in column (v).

On page 21, the sentence “The sign of the estimated coefficients for merger is opposite to that for failure."

should be:

The sign of the estimated coefficients for merger is similar to that for failure.