Stone, I. and Hunt, A. and Holmes, P. R. (2010) 'An analysis of new firm survival using a hazard function.', Applied economics., 42 (2). pp. 185-195.
A unique data set 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 macro-economic variables. Increases in initial plant size impact negatively on micro-enterprise survival and positively on SME survival.
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|Publisher Web site:||http://dx.doi.org/10.1080/00036840701579234|
|Record Created:||18 Jun 2008|
|Last Modified:||29 May 2012 16:56|
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