ISSN:
1573-7160
Keywords:
Entry
;
innovation
;
survival
;
new firms
;
hazard
;
exit
Source:
Springer Online Journal Archives 1860-2000
Topics:
Economics
Notes:
Abstract Three different factors are hypothesized to shape the hazard function confronting new businesses — the extent of scale economies relative to start-up size, the technological environment, and ownership structure. Using a longitudinal data base tracking the post-entry performance of more than 12,000 U.S. manufacturing establishments, a semi-parametric Cox regression model is used to estimate the hazard function. The evidence suggests that while the presence of high scale economies, a high-technological environment, and a relatively small initial start-up size tend to elevate the exposure of risk confronting new businesses, these factors apparently exert no influence on the likelihood of survival for new branches and subsidiaries established by existing enterprises.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1007/BF01024218
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