New Firm Survival: Industry versus Firm Effects
1997-01-13
Research Paper
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Recent studies show that the likelihood of survival differs significantly across firms. Both firm and industry characteristics are hypothesized to account for this heterogenity. Using a longitudinal database of manufacturing firms we investigate whether firm or industry characteristics dominate. Our evidence suggests that both firm- and industry-specific characteristics shape new-firm survival during the first years subsequent to entry. However, in the longer run, most of the industry factors have little influence on the likelihood of survival, but firm-specific characteristics still exert a considerable influence in shaping firm survival rates.
Keywords
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Journal of Economic Literature (JEL) Classification System
Automatically Extracted Terms
- industry
- survival
- likelihood
- capital intensity
- intensity
- entry
- capital
- characteristic
- survival rates
- effect
- new-firm
- cohort
- audretsch
- variable
- influence
- impact
- growth
- scale
- new-firm survival
- level
