A flexible approach to age dependence in organizational mortality. Comparing the life duration for cooperative and non-cooperative enterprises using a Bayesian Generalized Additive Discrete Time Survival Model

Rousselière, Damien

A flexible approach to age dependence in organizational mortality. Comparing the life duration for cooperative and non-cooperative enterprises using a Bayesian Generalized Additive Discrete Time Survival Model

No 17-08, Working Papers SMART from INRAE UMR SMART

Abstract: This paper proposes a new estimation model to capture the complex effect of age on organization survival. Testing various theoretical propositions on organizational mortality, we study the survival of French agricultural cooperatives in comparison with other firms with which they compete. The relationship between age and mortality in organizations is analyzed using a Bayesian Generalized discrete-time semi-parametric hazard model with correlated random effects, incorporating unobserved heterogeneity and isolating the various effects of time. This analysis emphasizes the specificity of the temporal dynamics of cooperatives in relation to their special role in agriculture.

Keywords: Bayesian estimation; Bayesian model selection; cooperatives; generalized additive model; survival analysis (search for similar items in EconPapers)
JEL-codes: C11 C41 L25 Q13 (search for similar items in EconPapers)
Pages: 35 pages
Date: 2017
New Economics Papers: this item is included in nep-cta and nep-ecm
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Persistent link: https://EconPapers.repec.org/RePEc:rae:wpaper:201708

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