Business Survival and Success of Young Small Business Owners

Mirjam Praag

No 03-050/3, Tinbergen Institute Discussion Papers from Tinbergen Institute

Abstract: Little empirical evidence provides insight in person-oriented drivers of business survival and success of small business owners. In this paper I perform a duration analysis of business survival amongst young white (selfemployed) small business owners in the U.S. Compulsory exits are distinguished from voluntary exits. This enables an alternative definition of business success: the longer one can survive and prevent involuntary exit, the more successful one is. Potential drivers of survival are derived from recent empirical evidence in related studies. The potential drivers of success are also derived from historical economic thinkers such as Marshall and Schumpeter. The estimated hazard rates are affected by characteristics of the small business owner and business conditions.

This discussion paper has resulted in a publication in Small Business Economics , 2003, 21(1), 1-17.

Keywords: self-employment; entrepreneurship; business survival; small business; and success. (search for similar items in EconPapers)
JEL-codes: C41 G33 J23 M13 (search for similar items in EconPapers)
Date: 2003-06-13
References: Add references at CitEc
Citations: View citations in EconPapers (197)

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Persistent link: https://EconPapers.repec.org/RePEc:tin:wpaper:20030050

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