Size, Innovation and Internationalization: A Survival Analysis of Italian Firms

Giorgia Giovannetti (), Giorgio Ricchiuti () and Margherita Velucchi ()

Working Papers Series from Universita' degli Studi di Firenze, Dipartimento di Scienze Economiche

Abstract: The birth of new firms and their survival in the market are often seen as crucial for economic growth and competitiveness in a modern economy. This paper focuses on business demography of Italian firms, using an original dataset obtained by merging Capitalia-Reprint and AIDA, to identify the relationships among firms’ characteristics their demographic dynamics and survival. We show that size and technological level affect survival probability. Internationalized firms show higher failure risk: on average competition is stronger on international markets, forcing firms to be more efficient. An Italian long lasting successful internationalized firm is a high-tech, large and innovating firm.

Keywords: Business Demography; Survival; Competitiveness; Internationalization (search for similar items in EconPapers)
JEL-codes: C41 L11 L25 F21 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-bec, nep-cse, nep-eec, nep-ent, nep-ino, nep-mic and nep-tid
Date: 2007

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Persistent link: http://EconPapers.repec.org/RePEc:frz:wpaper:wp2007_07

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