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http://ssrn.com/abstract=1392292
 
 

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An Overview of the Kauffman Firm Survey: Results from the 2004-2007 Data


Alicia Robb


Kauffman Foundation; University of California, Berkeley - Coleman Fung Institute for Engineering Leadership; University of Colorado at Boulder; Federal Reserve Banks - Federal Reserve Bank of Atlanta; University of Deusto - Basque Institute of Competitiveness; Marin Economic Consulting

Janice Ballou


Mathematica Policy Research, Inc.

David DesRoches


Mathematica Policy Research, Inc.

Frank Potter


Mathematica Policy Research, Inc.

Zhanyun Zhao


Mathematica Policy Research, Inc.

E. J. Reedy


Kauffman Foundation

April 2009


Abstract:     
The Kauffman Firm Survey (KFS) dataset provides researchers with a unique opportunity to study a panel of new businesses from startup to sustainability, with longitudinal data centering on topics such as how businesses are financed; the products, services, and innovations these businesses possess and develop in their early years of existence; and the characteristics of those who own and operate them. The current data provide an understanding of how businesses are organized and operate in their first four years of existence (2004 through 2007) and provide some indicators of survival and growth. Other measures describe the characteristics of the panel, such as the extent to which these businesses are involved in innovative activities. A series of eleven tables give a broad overview of the business and owner characteristics and firm survival over the period, as well as some new information available in the third follow-up survey. Highlights include: External debt markets remain critically important for most new firms; Only about 12 percent of firms submitted new external credit applications for debt financing in 2007; Less than 10 percent of firms owned by African Americans applied for new credit in 2007, compared with nearly 13 percent of firms owned by non-Hispanic whites; About 90 percent of firms that began operations in 2004 survived through 2005, while about 80 percent survived through 2006 and 73.4 percent through 2007. Most of the remaining firms closed either permanently or temporarily over the period, while a small number, 3.5 percent, either merged with or were sold to another business; Surviving firms with employees, which are now three years old, increased average employment from 4.6 employees in 2004 to 6.7 employees in 2007; By 2007, about 40 percent of firms had revenues greater than $100,000, compared with just 17 percent in 2004; About 60 percent of surviving firms posted profits in 2007, compared with about 40 percent posting losses; Young firms are serving local and international markets; More than a quarter of firms sold at least some of their goods or services on the Internet. Nearly a quarter of those firms had Internet sales that were more than half of their total sales, while about a third of them said Internet sales were less than 5 percent of their total sales; About 60 percent of firms felt that they had a comparative advantage in the products or services that they offered.

Number of Pages in PDF File: 40

Keywords: kauffman firm survey, kfs, data, entrepreneurial, entrepreneurship

JEL Classification: L26, L16

working papers series


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Date posted: April 24, 2009  

Suggested Citation

Robb, Alicia and Ballou, Janice and DesRoches, David and Potter, Frank and Zhao, Zhanyun and Reedy, E. J., An Overview of the Kauffman Firm Survey: Results from the 2004-2007 Data (April 2009). Available at SSRN: http://ssrn.com/abstract=1392292 or http://dx.doi.org/10.2139/ssrn.1392292

Contact Information

Alicia Robb (Contact Author)
Kauffman Foundation ( email )
4801 Rockhill Road
Kansas City, MO 64110-2046
United States
HOME PAGE: http://www.kauffman.org/kfs
University of California, Berkeley - Coleman Fung Institute for Engineering Leadership ( email )
130 Blum Hall #5580
Berkeley, CA 94720-5580
United States
University of Colorado at Boulder ( email )
1070 Edinboro Drive
Boulder, CO 80309
United States
Federal Reserve Banks - Federal Reserve Bank of Atlanta
1000 Peachtree Street N.E.
Atlanta, GA 30309-4470
United States
University of Deusto - Basque Institute of Competitiveness
Mundaiz 50
San Sebastián, 20012
Spain
Marin Economic Consulting ( email )
United States
HOME PAGE: http://marin-economic-consulting.com/
Janice Ballou
Mathematica Policy Research, Inc. ( email )
P.O. Box 2393
Princeton, NJ 08543-2393
United States
David DesRoches
Mathematica Policy Research, Inc. ( email )
P.O. Box 2393
Princeton, NJ 08543-2393
United States
609-275-2366 (Phone)
HOME PAGE: http://www.mathematica-mpr.com
Frank Potter
Mathematica Policy Research, Inc. ( email )
P.O. Box 2393
Princeton, NJ 08543-2393
United States
Zhanyun Zhao
Mathematica Policy Research, Inc. ( email )
P.O. Box 2393
Princeton, NJ 08543-2393
United States
E. J. Reedy
Kauffman Foundation ( email )
4801 Rockhill Road
Kansas City, MO 64110-2046
United States
8169321078 (Phone)
HOME PAGE: http://www.kauffman.org/research
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