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The Determinants of Survival of Spanish Manufacturing Firms

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  • Silviano Pérez
  • Amparo Llopis
  • Juan Llopis

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

Suggested Citation

  • Silviano Pérez & Amparo Llopis & Juan Llopis, 2004. "The Determinants of Survival of Spanish Manufacturing Firms," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 25(3), pages 251-273, August.
    • Handle: RePEc:kap:revind:v:25:y:2004:i:3:p:251-273
    DOI: 10.1007/s11151-004-1972-3
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    References listed on IDEAS

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    1. JosÈ Mata & Pedro Portugal, 2004. "Patterns of Entry, Post-Entry Growth and Survival: A Comparison Between Domestic and Foreign Owned Firms," Small Business Economics, Springer, vol. 22(3_4), pages 283-298, April.
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    Keywords

    Exit; survival analysis;

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