The DOI matches its Crossref record; 5 of the 5 references it cites were found in a registry or an index.
Founding conditions and the survival of new firms
Open accessAbstract
We analyze the effects of founding conditions on the survival of new firms. Based on arguments from several theoretical perspectives, namely economics, organizational ecology, and the resource‐based view of the firm, we develop hypotheses that relate the survival of firms to the conditions confronted by firms at each moment and to those prevailing at the time of founding. We develop an empirical model that allows the effects of founding conditions to be transitory and estimate how long such effects last. The results of estimating such a model indicate that founding effects are important determinants of exit rates. Moreover, in most cases, their effect on survival seems to persist with little attenuation for several years following the founding of the firm. Overall, our findings suggest that there is no absolute superiority of any of the aforementioned theoretical perspectives over the others, and there are important elements in all of them to explain the survival of firms. Copyright © 2009 John Wiley & Sons, Ltd.
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Cites
Firm Resources and Sustained Competitive Advantage
Barney, J. (1991) · Journal of Management · doi:10.1177/014920639101700108 · Cited by 48,334
Dixit, R. K., & Pindyck, R. S. (1994) · doi:10.1515/9781400830176 · Cited by 9,029
Financing Constraints and Corporate Investment
Fazzari, S. M., Hubbard, R. G., Petersen, B. C., Blinder, A. S., & Poterba, J. M. (1988) · Brookings Papers on Economic Activity · doi:10.2307/2534426 · Cited by 5,574
On the Size Distribution of Business Firms
Lucas, R. E. (1978) · The Bell Journal of Economics · doi:10.2307/3003596 · Cited by 3,236
Fading Memories: A Process Theory of Strategic Business Exit in Dynamic Environments
Burgelman, R. A. (1994) · Administrative Science Quarterly · doi:10.2307/2393493 · Cited by 1,018
Cited by
A matter of life and death: innovation and firm survival
Cefis, E. (2005) · Industrial and Corporate Change · doi:10.1093/icc/dth081 · Cited by 508
Simsek, Z., Fox, B. C., & Heavey, C. (2015) · Journal of Management · doi:10.1177/0149206314553276 · Cited by 352
Should I Quit My Day Job?: A Hybrid Path to Entrepreneurship
Raffiee, J., & Feng, J. (2014) · Academy of Management Journal · doi:10.5465/amj.2012.0522 · Cited by 273
Metadata
- Authors
- Geroski, P. A., Mata, J., & Portugal, P.
- Venue
- Strategic Management Journal
- Publisher
- Wiley
- Published
- 2009-12-16
- Volume
- 31
- Issue
- 5
- Pages
- 510-529
- ISSN
- 0143-2095 (ISSN-L)
- 1097-0266
- OpenAlex
- W2125537744
- Cited by
- 502
- References
- 5
- FWCI
- 42.16
- Type
- journal article
- Language
- en
- Open access
- green
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