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Title:Determinants of survival of newly created SMEs in the Brazilian manufacturing: An econometric study PDF Logo
Authors:Façanha, Luis Otávio
Resende, Marcelo
Cardoso, Vicente
Issue Date:2012
Series/Report no.:CESifo working paper: Industrial Organisation 3735
Abstract:The paper investigates the survival of newly created small and medium enterprises in Brazilian manufacturing taking as reference the 1996-2005 period. The econometric analysis relies on time-varying version of the proportional hazard rate model that controls for unobserved heterogeneity. 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 yet the negative influence exerted by industrial concentration and entry rate.
Subjects:survival
small and medium enterprises
manufacturing industry
JEL:L25
M21
Document Type:Working Paper
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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