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Title: A brief survival analysis framework for portuguese firms
Authors: Nunes, Alcina
Sarmento, Elsa
Keywords: Survival analysis
Firm dynamics
Issue Date: 2010
Publisher: Clute Institute
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.
Abstract: 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.
Peer review: yes
ISSN: 1539-8757
Appears in Collections:DEG - Resumos em Proceedings Não Indexados ao ISI/Scopus

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