Survival of Service Firms in European Emerging Economies
Ichiro Iwasaki and
Evžen Kočenda
No 2018-7, CEI Working Paper Series from Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University
Abstract:
Using a dataset of 126,591 service firms in 17 European emerging economies, this paper aims to estimate firm survivability in the years 2007–2015 and examine its determinants. We found that 31.3%, or 39,557 firms, failed during the observation period. At the same time, however, the failure risk greatly differed among regions, perhaps due to the remarkable gap in the progress of economic and political reforms. Moreover, the results of survival analysis revealed that large shareholding, labor productivity, and firm age played strong roles in preventing business failure beyond differences in regions and sectors.
Keywords: European emerging economies; Service industry; Survival analysis; Cox proportional hazards model (search for similar items in EconPapers)
JEL-codes: D22 G01 G33 L89 P34 (search for similar items in EconPapers)
Pages: 6 pages
Date: 2018-08
New Economics Papers: this item is included in nep-bec, nep-cfn, nep-eff, nep-eur, nep-sbm, nep-tid and nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)
Downloads: (external link)
https://hermes-ir.lib.hit-u.ac.jp/hermes/ir/re/29441/wp2018-7.pdf
Our link check indicates that this URL is bad, the error code is: 503 Service Unavailable
Related works:
Journal Article: Survival of service firms in European emerging economies (2020)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:hit:hitcei:2018-7
Access Statistics for this paper
More papers in CEI Working Paper Series from Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University Contact information at EDIRC.
Bibliographic data for series maintained by Reiko Suzuki ( this e-mail address is bad, please contact ).