Small Business Failure Rates : Choice of Definition and The Size Effect  

Oleh:

Everett, Jim ; Watson, John

Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Journal of Entrepreneurial and Small Business Finance vol. 5 no. 3 (1996), page 271-286.
Topik: SMALL BUSINESS; small business; failure rates; definition; size effect

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ40 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

Results on many previous studies on the rate of small business failure suggest an inverse relationship between size of business and propensity to fail. However, it has been suggested that this inverse relationship, between firm size and the rate of discontinuance, may more accurately be characterized as an inverse relationship between age of business and the rate of discontinuance. While some studies have confirmed the positive association between failure and age, they have generally found that a size effect persists even after controlling for age. The central obejctive of this study is to show how reported failure rates may depend heavily on the definition of failure adopted, and to examine the proposition that the results of previous studies reporting a negative association between propensity to fail and business size may have been driven by the choice of failure definition.

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