Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/159302
Authors: 
Lotti, Francesca
Santarelli, Enrico
Year of Publication: 
2002
Series/Report no.: 
Quaderni - Working Paper DSE 461
Abstract: 
The aim of this paper is to analyze the survival patterns of a group of family firms which have already spent at least twenty-five years in the market. To this end, we use the Kaplan-Meier product limit estimator supplemented with qualitative information gathered by direct observation and discussions with entrepreneurs. The main findings of the paper are that small family firms which have reached their thirtieth year in the market face a very high risk of sudden exit, increasing with firm age. Further control carried out by means of interviews with entrepreneurs identifies problems connected with succession as one of the main causes of the decision to close down.
Persistent Identifier of the first edition: 
Creative Commons License: 
https://creativecommons.org/licenses/by-nc/3.0/
Document Type: 
Working Paper

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