Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/3658
Authors: 
Burke, Andrew E.
Görg, Holger
Hanley, Aoife
Year of Publication: 
2005
Series/Report no.: 
Papers on entrepreneurship, growth and public policy 1205
Abstract: 
The paper uses a unique dataset comprising a population of new ventures that enter the UK market in 1998. The data comprises services as well as manufacturing industries. The central hypothesis is that new ventures are differently affected by industry competition and growth in dynamic compared to static markets. Estimation of a hazard function supports this hypothesis. In dynamic markets the survival of new ventures is increasing in industry concentration and decreasing in growth. The same is not true for static markets. The results shed new insights into the dynamics of entrants and highlight some important effects for competition policy.
Subjects: 
New firms
Start-ups
Survival
Tubulence
Dynamic markets
JEL: 
L11
M13
Document Type: 
Working Paper

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