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New small firm survival in England
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Saridakis, George, Mole, Kevin and Storey, David J.. (2008) New small firm survival in England. Empirica , Vol.35 (No.1). pp. 25-39. ISSN 0340-8744
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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 |
| Journal or Publication Title: | Empirica |
| Publisher: | Springer New York LLC |
| ISSN: | 0340-8744 |
| Date: | 2008 |
| Volume: | Vol.35 |
| Number: | No.1 |
| Number of Pages: | 15 |
| Page Range: | pp. 25-39 |
| Identification Number: | 10.1007/s10663-007-9049-9 |
| Status: | Not Peer Reviewed |
| Publication Status: | Published |
| Access rights to Published version: | Restricted or Subscription Access |
| URI: | http://wrap.warwick.ac.uk/id/eprint/44593 |
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