Determinants of survival of newly created SMEs in the Brazilian manufacturing industry: an econometric study

Marcelo Resende, Vicente Cardoso () and Luis Otávio Façanha ()
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Vicente Cardoso: Banco Nacional de Desenvolvimento Econômico e Social-BNDES

Empirical Economics, 2016, vol. 50, issue 4, No 5, 1255-1274

Abstract: Abstract This paper investigates the survival of newly created small and medium enterprises in Brazilian manufacturing. It takes as a reference newly created firms in 1996 that are followed until 2005. The econometric analysis relies on a time-varying version of Cox’s proportional hazards model. The evidence mostly corroborates previous findings for developed countries. Salient results include the positive role played by firm size, industry size and industry growth on survival and the negative influence exerted by the minimum efficient scale and the suboptimal scale.

Keywords: Survival; Small and medium enterprises; Manufacturing industry (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (8)

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DOI: 10.1007/s00181-015-0981-4

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