SURVIVAL OF SPANISH INNOVATIVE FIRMS: EFFECTS OF INNOVATION

Evangelina Baltar Salgado, Sara Fernández López, Milagros Vivel Búa and Isabel Neira Gómez
Authors registered in the RePEc Author Service: Sara Fernández-López

Revista Galega de Economía, 2012, vol. 21, issue 2

Abstract: This paper analyzes the determinants of business failure through a binomial logistic model for a sample of 223 Spanish innovative companies and the year 2006. The results show that profitability, guarantees, efficiency and age of firms negatively influence the probability of failure. Innovation also exerts an indirect effect on the probability of bankruptcy through profitability.

Keywords: Business failure; Innovation; Logit (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:sdo:regaec:v:21:y:2012:i:2_5

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