Coad, Alex; Storey, David J; Roberts, Richard G; … - Institut d'Economia de Barcelona (IEB), Facultat … - 2013
growth and survival of 6247 new ventures that are tracked using the customer records at Barclays Bank. We put forward Gambler …’s Ruin as a simple theory for understanding new venture growth and survival. Gambler’s Ruin predicts that the R2 remains low … for growth rate regressions, but that the R2 increases in the years since start-up for survival regressions. The …