 The survival of newly founded firms: a case‐study into varying‐coefficient modelsGöran Kauermann, Gerhard Tutz and Josef Brüderl Journal of the Royal Statistical Society Series A, 2005, vol. 168, issue 1, 145-158 Abstract: Summary. The success of a newly founded firm depends on various initial risk factors or start‐up conditions such as the market that the business is aiming for, the experience and the age of the founder, the preparation before the launch, the financial frame and the legal form of the firm. These risk factors determine the chance of survival for the venture. However, the effects of these risk factors may change with time. Some effects may vanish whereas others remain constant. We analyse the survival of 1123 newly founded firms in the state of Bavaria, Germany. Our focus is on the investigation of time variation in the effects of risk factors. Time variation is tackled within the framework of varying‐coefficient models, where time smoothly modifies the effects of risk factors. An important issue in our analysis is the separation of risk factors which have time‐varying effects from those which have time constant effects. We make use of the Akaike criterion to separate these two types of risk factor. Date: 2005 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:bla:jorssa:v:168:y:2005:i:1:p:145-158 Ordering information: This journal article can be ordered from Access Statistics for this article Journal of the Royal Statistical Society Series A is currently edited by A. Chevalier and L. Sharples More articles in Journal of the Royal Statistical Society Series A from Royal Statistical Society Contact information at EDIRC. |
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