Life Duration of New Firms

Details

Serval ID
serval:BIB_68B6DA18007C
Type
Article: article from journal or magazin.
Collection
Publications
Title
Life Duration of New Firms
Journal
Journal of Industrial Economics
Author(s)
Mata J., Portugal P.
ISSN
0022-1821
Publication state
Published
Issued date
09/1994
Peer-reviewed
Oui
Volume
42
Number
3
Pages
227-245
Language
english
Abstract
We follow firms created in Portuguese manufacturing in 1983 and study the determinants of their lifetime. One fifth of them died during the first year of their lives, and only 50% survived for four years. Duration and limited-dependent variable models are employed to ascertain the relative importance of industry and firms specific variables to explain the period between firm birth and its disappearance from economic activity. New firm failure varies negatively with firm start-up size, the number of plants operated by the firm and the industry growth rate, and positively with the extent of entry in the industry.
Keywords
Models, Growth, Employment, Industry, Entry, Size
Web of science
Create date
19/02/2016 14:10
Last modification date
20/08/2019 14:23
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