This paper analyses the factors determining Spanish manufacturing firms’ survival–and exit. The data are drawn from the survey Encuesta sobre Estrategias Empresariales for the period 1990–1999. The methodology includes both non-parametric techniques and the estimation of a Cox proportional hazards model (CPHM). Our results suggest that the probability of exit is higher for small firms and also for young and mature firms. Furthermore, exporting firms and firms performing R&D activities enjoy better survival prospects. Copyright Kluwer Academic Publishers 2004
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Miguel Manjón-AntolÃn & Josep-Maria Arauzo-Carod, 2008.
"Firm survival: methods and evidence,"
Empirica,
Springer, vol. 35(1), pages 1-24, March.
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Cefis, E. & Marsili, O., 2007.
"Going, Going, Gone. Innovation and Exit in Manufacturing Firms,"
Research Paper
ERS-2007-015-ORG Revision, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus Uni.
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