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Authors
Advisor(s)
Abstract(s)
We address the post-entry performance of new Portuguese firms by investigating the structural characteristics of the hazard and survival functions, using non-parametric and semi-parametric survival analysis for the total economy and its broad sectors. In order to approach the prevalence of some stylized facts and determinants of new firm survival, a new entrepreneurship database
was produced, using the administrative data of Quadros de Pessoal, following the
Eurostat/OECD´s internationally comparable business demography methodology. In line with the literature, we find that firms that start small and experience faster post-entry growth, face a higher probability of survival. Firm’s current size dimension matters particularly for the services
sector probability of survival. In industries characterized by high entry rates, post-entry survival is more difficult. This happens mostly in Agriculture and the Construction sectors in Portugal. We find a different result from the literature, for the effect of industry growth in survival rates. Firms operating in industries which are growing faster, seem to suffer from a higher probability of failure. The combined effect of turbulence and entry and growth variables help explaining this
unexpected effect of industry growth on survival probabilities.
Description
Keywords
Survival analysis Firm dynamics Entrepreneurship
Citation
Nunes, Alcina; Sarmento, Elsa (2010). A brief survival analysis framework for portuguese firms. In The EABR (Business) Conference and The ETLC (Education) Conference. Dublin, Ireland. ISSN 1539-8757.
Publisher
Clute Institute