Founding Conditions and the Survival of New Firms By P . A .
نویسندگان
چکیده
We analyze the effects of founding conditions on the survival of new firms. We allow the effects of founding conditions to be transitory and estimate how long such effects last. Our findings indicate that founding effects are important determinants of exit rates. Moreover, in most cases, their effect on survival seems to persist without much of an attenuation for several years after the founding of the firm. Acknowledgements We are grateful to seminar and conference audiences in Bologna, Catania (SMS), Copenhagen (DRUID) Ghent, Lisbon (MIT-Portugal) and Michigan for helpful comments. Financial assistance from the ESRC, Fundação para a Ciência e Tecnologia and NOVA Fórum is gratefully acknowledged. The usual disclaimer applies.
منابع مشابه
Impact of firm’s Leverage Rate on Export Survival
One of the goals of the government is to increase the competitiveness of domestic firms to export goods and services. Moreover, the role of exports in many economic sectors has been emphasized. There are two essential requirements for developing non-oil exports: first, the presence of firms in export markets and increasing their competitiveness; second, the survival of them in international mar...
متن کاملDeterminants of Foreign-Owned Firms Survival in Iran
In terms of financing, penetration in global markets and emphasis on comparative advantage, attracting FDI play a key role in boosting economic growth, providing foreign exchange and increasing non-oil exports. In this study, the effect of determinants on foreign-owned firms survival is investigated by the Complementary Log-Log Model. To achieve the purpose, the future status of valid foreign i...
متن کاملBusiness model innovation and third-party alliance on the survival of new firms
In this study, we address the question of how the degree of business model innovation affects the survival of new firms. We present a newly constructed data set of 129 new firms that launched electronic trading platforms in the US bond market between 1995 and 2004 following the advent of Internet technology. We analyze the founding and survival of these new firms during the period of our study....
متن کاملAre you experienced? Prior experience and the survival of new organizations
This paper investigates the relationship between the level of experience of managers and founders, and the likelihood of survival of their new firms. We take advantage of a comprehensive dataset covering the entire Danish labor market from 1980-2000. This is used to trace the activities of top ranked members of start-ups prior to their founding, and follow the fate of these firms. More specific...
متن کاملFounding the Future: Path Dependence in the Evolution of Top Management Teams from Founding to IPO
We contrast life-cycle and path-dependent views of entrepreneurial firms by examining the evolution of top management teams. We show how initial conditions constrain subsequent outcomes by demonstrating that the founding team’s prior functional experiences and initial organizational functional structures predict subsequent top manager backgrounds and later functional structures. We find that na...
متن کامل