How Does Firm Survival Differ between Business Takeovers and New Venture Start-ups?

Guoqian Xi (), Joern Block, Frank Lasch (), Frank Robert () and Roy Thurik
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Guoqian Xi: University of Trier
Frank Lasch: Montpellier Business School
Frank Robert: Montpellier Business School

No 11155, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: Focusing on entrepreneurship entry modes, we investigate two research questions regarding firm survival: how does the survival probability differ between business takeovers and new venture start-ups? And how do the determinants of survival differ between the two entry modes? Using a large French dataset, we find that business takeovers have a higher survival chance than new venture start-ups. Yet, the differences between two entry modes partially disappear when controlling for differences in founder and firm characteristics. Moreover, we identify differences in the determinants of survival between the two groups, highlighting the distinction between the two forms of entrepreneurship.

Keywords: business takeover; new venture start-up; firm survival (search for similar items in EconPapers)
JEL-codes: L26 M13 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2017-11
New Economics Papers: this item is included in nep-bec, nep-ent, nep-eur, nep-ino, nep-sbm and nep-tid
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Published - published as 'The survival of business takeovers and new venture start-ups' in: Industrial and Corporate Change, 2020, 29 (3), 797 - 826

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