Firm survival: methods and evidence

This paper surveys the Industrial Organization literature on firm survival. We find that, in retrospect, the econometric specifications used in this area have progressively become more sophisticated, addressing issues such as discrete time, unobserved heterogeneity and competing risks. We also ident...

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Bibliographic Details
Published in:Empirica 2008, Vol.35 (1), p.1-24
Main Authors: Manjón-Antolín, Miguel C., Arauzo-Carod, Josep-Maria
Format: Article
Language:English
Subjects:
Business studies
Duration models
Econometrics
Economic performance
Economics
Economics and Finance
Enterprises
European Integration
Industrial economics
Industrial Organization
Industry dynamics
International Economics
Macroeconomics/Monetary Economics//Financial Economics
Manufacturing
Organization theory
Original Paper
Public Finance
Review articles
Small and medium sized enterprises
Startups
Studies
Survival
Survival analysis
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Summary:This paper surveys the Industrial Organization literature on firm survival. We find that, in retrospect, the econometric specifications used in this area have progressively become more sophisticated, addressing issues such as discrete time, unobserved heterogeneity and competing risks. We also identify a number of firm- and industry-specific covariates that provide largely consistent results across samples, countries and periods. On the other hand, the evidence is less clear-cut with regard to ownership and spatial factors.
ISSN:0340-8744
1573-6911
DOI:10.1007/s10663-007-9048-x