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| Author: | Geroski, P.A. Mata, J. Portugal, P. |
| Title: | Founding conditions and the survival of new firms |
| Journal: | Strategic Management Journal
2010 : MAY, VOL: 31:5, p. 510-529 |
| Index terms: | new enterprise entrepreneurship Portugal models |
| Language: | eng |
| Abstract: | The effects of founding conditions (herein as: f-conds.) on the survival of new firms are explored. Based on arguments from multiple theoretical perspectives, developed are hypotheses relating the survival of firms to the conds. faced by firms at each moment and to those prevailing at the time of founding. An empirical model is developed allowing the effects of f-conds. to be transitory and estimating the duration of such effects. The model's estimation results indicate that founding effects are important determinants of exit rates. In addition, in most cases, their effect on survival seems to persist with little diminishing for multiple years following the firm foundation. Overall, it is suggested there to be no absolute superiourity of any of the theoretical perspectives over the others etc. |
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