The Determinants of Survival of Spanish Manufacturing Firms

被引：0

作者：

Silviano Esteve Pérez

Amparo Sanchis Llopis

Juan Alberto Sanchis Llopis

机构：

[1] Universidad de Valencia Edificio Departamental Oriental,Facultad de Economía. Departamento de Economía Aplicada II

来源：

Review of Industrial Organization | 2004年 / 25卷

关键词：

Exit; survival analysis;

D O I：

暂无

中图分类号：

学科分类号：

摘要：

This paper analyses the factors determining Spanish manufacturing firms’ survival–and exit. The data are drawn from the survey Encuesta sobre Estrategias Empresariales for the period 1990–1999. The methodology includes both non-parametric techniques and the estimation of a Cox proportional hazards model (CPHM). Our results suggest that the probability of exit is higher for small firms and also for young and mature firms. Furthermore, exporting firms and firms performing R&D activities enjoy better survival prospects.

引用

页码：251 / 273

页数：22

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