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New small firm survival in England
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Saridakis, George, Mole, Kevin and Storey, D. J. (2008) New small firm survival in England. Empirica , Vol.35 (No.1). pp. 25-39. doi:10.1007/s10663-007-9049-9
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Official URL: http://dx.doi.org/10.1007/s10663-007-9049-9
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.
| Item Type: | Journal Article | ||||
|---|---|---|---|---|---|
| Subjects: | H Social Sciences > HF Commerce | ||||
| Divisions: | Faculty of Social Sciences > Warwick Business School > Centre for Small & Medium-Sized Enterprises Faculty of Social Sciences > Warwick Business School > Entrepreneurship, Innovation & Management Faculty of Social Sciences > Warwick Business School |
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| Journal or Publication Title: | Empirica | ||||
| Publisher: | Springer New York LLC | ||||
| ISSN: | 0340-8744 | ||||
| Official Date: | 2008 | ||||
| Dates: |
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| Volume: | Vol.35 | ||||
| Number: | No.1 | ||||
| Number of Pages: | 15 | ||||
| Page Range: | pp. 25-39 | ||||
| DOI: | 10.1007/s10663-007-9049-9 | ||||
| Status: | Not Peer Reviewed | ||||
| Publication Status: | Published | ||||
| Access rights to Published version: | Restricted or Subscription Access |
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