Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/86096
Authors: 
van Praag, C. Mirjam
Year of Publication: 
2003
Series/Report no.: 
Tinbergen Institute Discussion Paper 03-050/3
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.
Subjects: 
self-employment
entrepreneurship
business survival
small business
and success.
JEL: 
C41
G33
J23
M13
Document Type: 
Working Paper

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