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The paper uses a unique dataset comprising the population of new ventures that enter the UK market in 1998. We argue that we would expect the effect of market concentration on firm survival to be different according to whether an industry is static (low entry and exit) or dynamic. In our...
Persistent link: https://www.econbiz.de/10005865016
the use of alternative funding tools for startup capital and investment financing of the firms separately. The results … revealed that sources of start-up capital from founders’ own money, loans from friends and acquaintances, finance …
Persistent link: https://www.econbiz.de/10015226055
consequence, more necessity entrepreneurship and worse startup outcomes in terms of sales and employment growth. We explain this …
Persistent link: https://www.econbiz.de/10015051029
We propose that the effect of market concentration on firm survival is different according to whether an industry is static (low entry and exit) or dynamic. In our empirical analysis we find support for this hypothesis. Industry concentration rates reduce the survival of new plants but only in...
Persistent link: https://www.econbiz.de/10010271957
Based on a three equations model for initial firm size, survival and firm growth we estimate firm-specific transition probabilities between size classes of the firm size distribution. This allows to analyze counterfactual scenarios that assess the impact of changes in exogenous variables on the...
Persistent link: https://www.econbiz.de/10010293323
The paper uses a unique dataset comprising the population of new ventures that enter the UK market in 1998. We argue that we would expect the effect of market concentration on firm survival to be different according to whether an industry is static (low entry and exit) or dynamic. In our...
Persistent link: https://www.econbiz.de/10011279543
This paper addresses three simple questions: how should the contribution of high-growth firms to job creation be measured? how much does this contribution vary across countries? to what extent does the cross-country variation depend on variation in the proportion of high-growth firms in the...
Persistent link: https://www.econbiz.de/10011985397
Recent research based on aggregate data suggests that employment in young firms is more negatively impacted during economic crises than employment in incumbent firms. Using firm-level data, we show that under constant human capital of the firms' founders, employment growth in less than 1...
Persistent link: https://www.econbiz.de/10011712803
We examine market selection mechanisms and their strength for a representative cohort of US new independent firms. In particular, we explore whether and how effectively markets reward newly-born firms according to their "fitness" in terms of both labour productivity and profitability. Our...
Persistent link: https://www.econbiz.de/10011789750
that ignore self-employment. In this paper, we assess how UI benefit duration affects the motivation for creating a startup … consider the fiscal externality of UI on startup success when it comes to the (optimal) design of UI systems. …
Persistent link: https://www.econbiz.de/10012290514