An analysis of new firm survival using a hazard function

Journal article | Zeitschriftenartikel

A unique dataset is used to provide a detailed examination of the survival of newly-established manufacturing firms in north-east England. Using data on 781 firms established between 1973 and 2001, log-logistic hazard models are estimated separately for (i) micro-enterprises and (ii) small and medium establishments (SMEs). Both micro-enterprises and SMEs show clear evidence of positive duration dependence, followed by negative duration dependence. We find the two firm types are differentially affected by firm-specific and macroeconomic variables. Increases in initial plant size impact negatively on micro-enterprise survival and positively on SME survival.

Object Details

• Extent: Seite(n): 185-195
• Language: Englisch
• Notes: Status: Postprint; begutachtet (peer reviewed)

References and Relationships

• Bibliographic citation: Applied Economics, 42(2)

Classification and Topics

• Subject: Wirtschaft ; Wirtschaftsstatistik, Ökonometrie, Wirtschaftsinformatik ; Betriebswirtschaftslehre

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Holmes, Phil ; Hunt, Andrew John ; Stone, Ian
• Event: Veröffentlichung
• (where): Vereinigte Staaten von Amerika
• (when): 2009

Further information

• DOI: https://doi.org/10.1080/00036840701579234
• URN: urn:nbn:de:0168-ssoar-241494
• Rights: GESIS - Leibniz-Institut für Sozialwissenschaften. Bibliothek Köln
• Last update: 21.06.2024, 4:27 PM CEST