New small firm survival in England

Saridakis, George, Mole, Kevin and Storey, David J (2008) New small firm survival in England. Empirica, 35 (1). pp. 25-39. ISSN 03408744

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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: Article
Schools and Departments: University of Sussex Business School > Business and Management
Depositing User: David Storey
Date Deposited: 06 Feb 2012 18:10
Last Modified: 23 Mar 2012 09:04
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