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Bresnahan and Reiss (1991) derive entry thresholds for local markets but do not investigate actual entry and exit flows … firms higher (lower) than the thresholds display exit (entry) in subsequent periods. The results confirm that over a three …-year period the rate of (net) entry is positively affected by the presence of ‘market room’. The exit rate, however, does not show …
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period 1992–2007. The contributions of this paper are twofold. First, we analyze both entry and exit, identifying and … determinants of entrepreneurial survival. Our results suggest that different exit modes can be predicted by business owners’ entry … route. Furthermore, different exit modes exhibit different duration dependence patterns according to the entry mode …
Persistent link: https://www.econbiz.de/10011241907
This paper gives an empirical analysis of determinants of new-firm survival in the manufacturing sector of Baden-Wuerttemberg (Germany) from 1981 to 1994. The analysis focuses on firm- and industry-specific determinants of new-firm survival. A possible effect of regional agglomeration and of the...
Persistent link: https://www.econbiz.de/10005722630
The entry of new firms into markets plays an important role in efficient resource allocation and evolution for long … term economic growth. Employing dynamic panel data techniques, this paper investigates entry behavior in 66 four … the market before the entry takes place; entry is, in general, a follow-up process; and incumbent firms seem to collude to …
Persistent link: https://www.econbiz.de/10005722719
We investigate the survival performance of new technology-based firms (NTBFs) over the business cycle and compare them against other entrepreneurial firms. Our data comprise the entire population of entrepreneurial firms entering the Swedish economy from 1991 to 2002, which we follow until 2007....
Persistent link: https://www.econbiz.de/10010988548
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The objective of this paper is to examine to what extent different venture capital firms contribute to the likelihood that the portfolio company in which they invested will realize a trade sale. We use arguments from learning theory to hypothesize the relationship between vicarious, experiential...
Persistent link: https://www.econbiz.de/10010865429