NDLI: Determinants of firm survival: a duration analysis using the generalized gamma distribution

Content Provider	Springer Nature Link
Author	Kaniovski, Serguei Peneder, Michael
Copyright Year	2007
Abstract	We use parametric duration analysis to study the survival of Austrian firms. We find that hazard rates in both manufacturing and services initially increase, reach a peak after the first year of operation and then decrease with age. The maximum hazard rate is higher in services. We also find differences in hazard rates among different types of manufacturing industries distinguished by the nature of their sunk costs, their reliance on human resources and inputs from external services. Finally, we find that larger initial size and higher market growth, and at the same time lower net entry and declining market concentration prolong the life of an entrant.
Starting Page	41
Ending Page	58
Page Count	18
File Format	PDF
ISSN	03408744
Journal	Empirica
Volume Number	35
Issue Number	1
e-ISSN	15736911
Language	English
Publisher	Springer US
Publisher Date	2007-10-26
Publisher Place	Boston
Access Restriction	One Nation One Subscription (ONOS)
Subject Keyword	Firm survival Duration analysis Sectoral taxonomies Economic Growth Political Science International Economics Industrial Organization
Content Type	Text
Resource Type	Article
Subject	Geography, Planning and Development Development Economics and Econometrics

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Determinants of firm survival: a duration analysis using the generalized gamma distribution