An analysis of new firm survival using a hazard function

Holmes, Phil; Hunt, Andrew John; Stone, Ian

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%T An analysis of new firm survival using a hazard function
%A Holmes, Phil
%A Hunt, Andrew John
%A Stone, Ian
%J Applied Economics
%N 2
%P 185-195
%V 42
%D 2009
%K new firm survival; hazard models; micro-enterprises
%= 2011-05-11T15:26:00Z
%~ http://www.peerproject.eu/
%> https://nbn-resolving.org/urn:nbn:de:0168-ssoar-241494
%X 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.
%C USA
%G en
%9 journal article
%W GESIS - http://www.gesis.org
%~ SSOAR - http://www.ssoar.info