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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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
Journal or Publication Title:	Empirica
Publisher:	Springer New York LLC
ISSN:	0340-8744
Official Date:	2008
Dates:	Date Event 2008 Published
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Status:	Not Peer Reviewed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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