Determinants of Survival of Newly Created SMEs in the Brazilian Manufacturing: An Econometric Study
Luis Otavio Facanha
Universidade Federal do Rio de Janeiro (UFRJ)
Universidade Federal do Rio de Janeiro (UFRJ); CESifo (Center for Economic Studies and Ifo Institute for Economic Research)
affiliation not provided to SSRN
February 21, 2012
CESifo Working Paper Series No. 3735
The paper investigates the survival of newly created small and medium enterprises in Brazilian manufacturing taking as reference the 1996-2005 period. The econometric analysis relies on time-varying version of the proportional hazard rate model that controls for unobserved heterogeneity. The evidence mostly corroborates previous findings for developed countries. Salient results include the positive role played by firm size, industry size and industry growth on survival and yet the negative influence exerted by industrial concentration and entry rate.
Number of Pages in PDF File: 21
Keywords: survival, small and medium enterprises, manufacturing industry
JEL Classification: L250, M210working papers series
Date posted: February 21, 2012
© 2013 Social Science Electronic Publishing, Inc. All Rights Reserved.
This page was processed by apollo3 in 0.344 seconds