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The Determinants of Survival of Spanish Manufacturing Firms

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Author Info
Silviano Pérez ()
Amparo Llopis
Juan Llopis

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Abstract

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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File URL: http://hdl.handle.net/10.1007/s11151-004-1972-3
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Publisher Info
Article provided by Springer in its journal Review of Industrial Organization.

Volume (Year): 25 (2004)
Issue (Month): 3 (08)
Pages: 251-273
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Handle: RePEc:kap:revind:v:25:y:2004:i:3:p:251-273

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Web page: http://www.springerlink.com/link.asp?id=100336

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Related research
Keywords: Exit; survival analysis;

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Cited by:
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  1. Hielke Buddelmeyer & Paul H. Jensen & Elizabeth Webster, 2006. "Innovation and the Determinants of Firm Survival," IZA Discussion Papers 2386, Institute for the Study of Labor (IZA). [Downloadable!]
    Other versions:
  2. Richard I.D. Harris & Qian Cher Li, . "Export-market dynamics and the probability of firm closure: Evidence for the UK," Working Papers 2008_17, Department of Economics, University of Glasgow. [Downloadable!]
  3. Silviano Esteve-Pérez & Juan Máñez-Castillejo & Juan Sanchis-Llopis, 2008. "Does a “survival-by-exportingâ€\x9D effect for SMEs exist?," Empirica, Springer, vol. 35(1), pages 81-104, March. [Downloadable!] (restricted)
  4. Miguel Manjón-Antolín & Josep-Maria Arauzo-Carod, 2008. "Firm survival: methods and evidence," Empirica, Springer, vol. 35(1), pages 1-24, March. [Downloadable!] (restricted)
  5. 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. [Downloadable!]
  6. Erol Taymaz & Şule Özler, 2007. "Foreign Ownership, Competition, and Survival Dynamics," Review of Industrial Organization, Springer, vol. 31(1), pages 23-42, August. [Downloadable!] (restricted)
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