New small firm survival in England |
| |
Authors: | George Saridakis Kevin Mole David J. Storey |
| |
Affiliation: | (1) The Business School, Loughborough University, Loughborough, Leicestershire, LE11 3TU, UK;(2) Centre for Small and Medium Sized Enterprises, Warwick Business School, University of Warwick, Coventry, CV4 7AL, UK |
| |
Abstract: | This paper investigates the determinants of the survival, between 2001 and 2004, of 622 small firms in England. Seventy one percent of these firms were less than 5 years old in 2001. Prior work by industrial economists has primarily focussed upon factors such as profitability and exit barriers. In contrast, this paper adopts a more managerial approach by examining whether the human capital of the business owner and organisational variables explain survival and non-survival. Our results suggest the founder’s education and bank finance promote firm survival. Firms which compete on price, or report being financially constrained at start-up, are much less likely to survive. |
| |
Keywords: | Firms Business failure Duration |
本文献已被 SpringerLink 等数据库收录! |
|