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Segarra‐Blasco, Agustí; Callejón, María Luisa Balaguer

doi:10.1023/a:1013309928700

Cited by 141 publications

(29 citation statements)

References 20 publications

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“…Table 2 provides the sample frequencies of exits (in percentages)-broken down into failures and mergers-by firm size and firm age. It largely supports the finding of the previous literature that exit rates tend to decrease with age (Stinchcombe 1965, Caroll 1983, Amburgey et al 1993, Olzak and West 1991, Mata and Portugal 1994, Audretsch et al 2000 and size (Brüderl et al 1992, Barron 1999, Audretsch et al 2000, Agarwal and Audretsch 2001, Segarra and Callejón 2002. More specifically, looking at exits by age (rightmost column), we find that exit rates decrease monotonically, with the exception of a negligible rebound for three-year-old firms.…”

supporting

confidence: 90%

Competition Policy and Exit Rates: Evidence from Switzerland

Buehler¹,

Kaiser²,

Jaeger³

2005

Contributions in Economic Analysis &Amp; Policy

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This paper provides evidence on the relation between the intensity of product-market competition and the probability of exit. We adopt a natural experiment approach to analyze the impact of a tightening of Swiss antitrust legislation on exit probabilities. Based on a sample of more than 68,000 firms from all major sectors of the Swiss economy, we find that the exit probability of nonexporting firms increased significantly, whereas the exit probability of exporting firms remained largely unaffected. Our results support the notion that there is a positive relationship between the intensity of product-market competition and the probability of exit.

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supporting

confidence: 90%

Competition Policy and Exit Rates: Evidence from Switzerland

Buehler¹,

Kaiser²,

Jaeger³

2005

Contributions in Economic Analysis &Amp; Policy

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“…iv Segarra and Callejón (2002) and Segarra et al (2002b) show that the survival patterns of new Spanish manufacturing firms are similar to those of other countries. v The interested reader is referred to, for example, Segarra et al (2002b) and the references therein.…”

Section: Notesmentioning

confidence: 81%

New business formation and employment growth: some evidence for the Spanish manufacturing industry

2007

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Abstract:This paper explores the effects of new business formation on employment growth in Spanish manufacturing industries. New firms are believed to make an important contribution to economic growth but the extent of this contribution is unclear. We consider time lags of new firm formation as explanatory variables of employment change and identify how long the effect of new firm entries on employment lasts.Our main results show that the effects of new business formation are positive in the short term, negative in the medium term and positive in the long term, thus confirming the existence of indirect supply-side effects found in similar studies for other countries.

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“…Segarra and Callejón (2002) believe that industry entry rate can represent both barriers to entry and competition: in particular, high entry rate means low level of entry barrier and high degree of competition; on the other hand, their findings also show that even in the industries with high competition or with significant barriers high entry rate still appears. Regarding entry barrier, though the linkage between entry barrier and exit barrier is supported by for example Fotopoulos and Louri (2000) with the case of sunk cost, according to the study of McAfee, Mialon and Williams (2004) whether sunk cost per se (as well as economies of scale and capital requirements) can be classified as entry barrier is an arguing point because of different definitions of entry barrier.…”

Section: Hypothesis 8: General Liquidity Is a Positive Indicator To Smentioning

confidence: 92%

The predictability of financial, accounting‐based, and industrial factors on the success of newly incorporated Spanish firms

Tong

Solé

2018

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Purpose: The purpose of this paper is to identify the impacts and predictability of financial, accounting-based, and industrial factors (as well as corporate venturing) on survival-based success of newly incorporated firms in Spain.Design/methodology: Logistic regression is used for comparing the differences of factors in the prediction of future success after different time periods since the studying years (age 1, age 2, and age 3 respectively) in manufacturing and distributive sectors.Findings: Differences in predictability are observed between manufacturing and distributive sectors: it is obvious in distributive sector (rather than manufacturing sector) that liquidity, bank credit, trade credit, and concentration are positively related to success while entry rate is negatively related to success. In spite of that, some factors still show strong predictability in both two sectors. Firm size and profitability are the strongest positive factors, which are followed by corporate venturing and the growth of industrial operating revenues with positive and generally negative relationships to success separately. Besides, for some factors and variables frequently showing statistical significance, their impacts in the same age tend to be relatively stable. Practical implications:The findings of this paper can help to identify the predictability of different factors on the success of newly incorporated firms and catch the differences between manufacturing and distributive sectors.Originality/value: This paper enriches the empirical study of new firm success in Spain in depression and stagnant environment (because the observed years here are from 2009 to 2014); besides, the findings also contribute to the specific prediction study of manufacturing and distributive sectors.

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Untitled

Cited by 141 publications

References 20 publications

Competition Policy and Exit Rates: Evidence from Switzerland

Competition Policy and Exit Rates: Evidence from Switzerland

New business formation and employment growth: some evidence for the Spanish manufacturing industry

The predictability of financial, accounting‐based, and industrial factors on the success of newly incorporated Spanish firms

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