Entrepreneurship and survival over the business cycle: how do new technology-based firms differ?

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  • Additional Information
    • Publication Information:
      Springer, 2014.
    • Publication Date:
      2014
    • Abstract:
      We investigate the survival performance of new technology-based firms (NTBFs) over the business cycle and compare them against other entrepreneurial firms. Our data comprise the entire population of entrepreneurial firms entering the Swedish economy from 1991 to 2002, which we follow until 2007. Discrete-time duration models are employed to investigate whether the business cycle impacts differently on the survival likelihood of NTBFs vis-à-vis other entrepreneurial firms. Our main findings are three. First, NTBFs generally experience a lower hazard rate compared to other entrepreneurial firms, which is interpreted as a sign of their high 'quality.' Second, all entrepreneurial firms are sensitive to and follow a pro-cyclical pattern of survival likelihood over the business cycle. Three, when comparing NTBFs with the broader group of other entrepreneurial firms, we find that NTBFs are more sensitive to business cycle fluctuations. The above results come with a qualification, though. The sensitivity during the business cycle mainly pertains to selfemployed NTBFs. Also, NTBFs' higher survivability is only linked to not being characterized as selfemployed.
    • ISSN:
      0921898X
      15730913
    • Rights:
      © Springer Science+Business Media 2014
    • Accession Number:
      edsjsr.43553755
  • Citations
    • ABNT:
      OLOF EJERMO; JING XIAO. Entrepreneurship and survival over the business cycle: how do new technology-based firms differ? Small Business Economics, [s. l.], v. 43, n. 2, p. 411, 2014. Disponível em: http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsjsr&AN=edsjsr.43553755&custid=s8280428. Acesso em: 6 dez. 2019.
    • AMA:
      Olof Ejermo, Jing Xiao. Entrepreneurship and survival over the business cycle: how do new technology-based firms differ? Small Business Economics. 2014;43(2):411. http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsjsr&AN=edsjsr.43553755&custid=s8280428. Accessed December 6, 2019.
    • APA:
      Olof Ejermo, & Jing Xiao. (2014). Entrepreneurship and survival over the business cycle: how do new technology-based firms differ? Small Business Economics, 43(2), 411. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsjsr&AN=edsjsr.43553755&custid=s8280428
    • Chicago/Turabian: Author-Date:
      Olof Ejermo, and Jing Xiao. 2014. “Entrepreneurship and Survival over the Business Cycle: How Do New Technology-Based Firms Differ?” Small Business Economics 43 (2): 411. http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsjsr&AN=edsjsr.43553755&custid=s8280428.
    • Harvard:
      Olof Ejermo and Jing Xiao (2014) ‘Entrepreneurship and survival over the business cycle: how do new technology-based firms differ?’, Small Business Economics, 43(2), p. 411. Available at: http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsjsr&AN=edsjsr.43553755&custid=s8280428 (Accessed: 6 December 2019).
    • Harvard: Australian:
      Olof Ejermo & Jing Xiao 2014, ‘Entrepreneurship and survival over the business cycle: how do new technology-based firms differ?’, Small Business Economics, vol. 43, no. 2, p. 411, viewed 6 December 2019, .
    • MLA:
      Olof Ejermo, and Jing Xiao. “Entrepreneurship and Survival over the Business Cycle: How Do New Technology-Based Firms Differ?” Small Business Economics, vol. 43, no. 2, 2014, p. 411. EBSCOhost, search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsjsr&AN=edsjsr.43553755&custid=s8280428.
    • Chicago/Turabian: Humanities:
      Olof Ejermo, and Jing Xiao. “Entrepreneurship and Survival over the Business Cycle: How Do New Technology-Based Firms Differ?” Small Business Economics 43, no. 2 (2014): 411. http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsjsr&AN=edsjsr.43553755&custid=s8280428.
    • Vancouver/ICMJE:
      Olof Ejermo, Jing Xiao. Entrepreneurship and survival over the business cycle: how do new technology-based firms differ? Small Business Economics [Internet]. 2014 [cited 2019 Dec 6];43(2):411. Available from: http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsjsr&AN=edsjsr.43553755&custid=s8280428