The post-entry performance of new small firms in German manufacturing-industries

Publikation: Beiträge in ZeitschriftenZeitschriftenaufsätzeForschungbegutachtet

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While recent years have witnessed a growing interest in research on market entry by new firms, evidence regarding their post-entry performance is scarce. This paper uses longitudinal data for small firms that entered German manufacturing industries between 1979 and 1982 and monitors their performance until 1990: Entrants face a high risk of failure, hazard rates tend to increase during the first years and to decrease afterwards. Decline of employment in a cohort due to exits and shrinking firms is compensated by growing survivors. No clear-cut nexus between start-up size and probability of survival shows up.
OriginalspracheEnglisch
ZeitschriftJournal of Industrial Economics
Jahrgang42
Ausgabenummer2
Seiten (von - bis)141-154
Anzahl der Seiten14
ISSN0022-1821
DOIs
PublikationsstatusErschienen - 01.06.1994

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