Age and productivity as determinants of firm survival over the industry life cycle

Esteve‐Pérez, Silviano; Pieri, Fabio; Rodríguez, D.

doi:10.1080/13662716.2017.1291329

Cited by 38 publications

(32 citation statements)

References 67 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…These proposed mediators are also expected to intervene between the predictor and outcome variables that basically should have a direct effect. This is where our study diverged from previous studies on firm size and age as controlled variables [5,36,[84][85][86]. This means that the size of a firm in terms of employee numbers and profit levels, coupled with the age of the firm, would mediate with various exposure managements to either reduce or increase the probability of that firm's survival.…”

Section: The Mediating Role Of Firm Size and Agementioning

confidence: 64%

“…We considered how the firms' sizes affect their ability to survive at one extreme, while looking at how it is affected by the firms' risk management strategies at the other. The rationale behind this consideration is based on the contributions of Hannan, Carroll, Dobrev & Han, [74], Albuquerque & Hopenhayn, [75], Gallo & Christesen, [76] and Esteve-Perez, Pieri & Rodriguez, [5], that a firm's size and age are fundamental variables that affect organizational outcomes; therefore, little changes may have a significant impact on these outcomes in an empirical study.…”

Section: The Mediating Role Of Firm Size and Agementioning

confidence: 99%

“…On the other hand, the age of a firm as a mediator is operationalized as how long a firm has been in active business engagement [30,51,80]. In this regard, most studies have conceptualized the ages of firms by a categorization into either young or old firms [4,5].…”

Section: The Mediating Role Of Firm Size and Agementioning

confidence: 99%

“…Firm size and age are major factors associated with firm survival [1][2][3][4][5]. While there is an assumption that small firms grow more rapidly [1], one could still argue that they only do so because they also exit the marketplace more quickly than large firms [6].…”

Section: Introductionmentioning

confidence: 99%

See 3 more Smart Citations

Firm Size and Age mediating the Firm Survival-Hedging Effect: Hayes’ 3-Way Parallel Approach

et al. 2019

View full text Add to dashboard Cite

A James Gaskin Excel Macro Analysis is performed to determine the reliability of our scales, and a 3-way parallel mediation using the Andrew Hayes’ PROCESS model is applied to test the formulated hypotheses. Results show that hedging has a direct effect on firms’ survival; firms’ size and age individually do not strongly influence these effects, but a combination of the two does. We, therefore, concluded that while the hedging-survival effect exists on all forms of hedging, the practice of hedging is consequential for firms on the premise of their ages and numbers of employees.

show abstract

Section: The Mediating Role Of Firm Size and Agementioning

confidence: 64%

Section: The Mediating Role Of Firm Size and Agementioning

confidence: 99%

Section: The Mediating Role Of Firm Size and Agementioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Firm Size and Age mediating the Firm Survival-Hedging Effect: Hayes’ 3-Way Parallel Approach

et al. 2019

View full text Add to dashboard Cite

show abstract

“…Jensen, McGuckin, and Stiroh, ‘Impact’; Agarwal and Gort, ‘Life cycles’, Esteve‐Pérez, Pieri, and Rodriguez, ‘Age and productivity’.…”

mentioning

confidence: 99%

Religious minorities and firm ownership in early twentieth‐century Egypt

Artunç

2018

The Economic History Review

View full text Add to dashboard Cite

This article examines the composition of firm ownership and entrepreneurship in Egypt between 1910 and 1949 by assembling a novel dataset on multi‐owned firms. The evidence supports two main results. First, Muslim participation remained disproportionately low in partnerships but was distinctly high in corporations relative to non‐Muslims. Second, Muslim‐owned firms were frailer and more likely to experience early exits. The findings are consistent with the view that the region's institutional legacy, such as disparities in physical or human capital, created obstacles for Muslims. When these implications are tested, the findings show that only small‐scale Muslim firms had restricted access to capital. The skewness in Muslim firms’ entry and start‐up size is probably the result of legal distortions introduced by the government, which entrenched a small class of political elites in large‐scale firms.

show abstract

Determining the influence of belonging to a wine protected designation of origin on profitability

Moreno Gené,

Solé Puiggené,

Gallizo Larraz

2024

Agribusiness

View full text Add to dashboard Cite

To guide consumers, wineries need credible attributes about the quality of their wines and its origin. In Spain, protected designations of origin (PDO) guarantee that the wine has been produced in a certain wine region in accordance with specific and officially regulated quality criteria thus providing elements of guarantee to the consumer. The objective of this work is to determine whether the belonging of a winery to a PDO is positively or negatively related to profitability. This analysis is important because based on its results, managers will have more knowledge to decide whether a winery is interested in joining the regional PDO or not. We performed an empirical study using a random‐effects generalized least squares regression analysis, with a sample of 1182 Spanish wineries, in which we determine the relation between belonging to eight of the major Spanish PDOs and winery profitability. The results show that wineries registered in these PDOs tend to have higher levels of profitability than wineries that have opted to remain outside, with these differences being significant in five of the eight PDOs analyzed. Additionally, the regression model reveals a positive relationship between PDO membership and winery profitability in six of the eight PDOs. Furthermore, the findings suggest that in some of these PDOs small wineries benefit the most from being part of a PDO due to their difficulties in having a recognized brand in the market, while belonging to a PDO seems to be less useful for large wineries that have greater resources to build their own quality brand. On the basis of these findings, the wineries now have more information to decide whether to stay in the PDO, join it, or focus exclusively on developing their own brands [EconLit Citations: L15, L66, Q13].

show abstract

Age and productivity as determinants of firm survival over the industry life cycle

Cited by 38 publications

References 67 publications

Firm Size and Age mediating the Firm Survival-Hedging Effect: Hayes’ 3-Way Parallel Approach

Firm Size and Age mediating the Firm Survival-Hedging Effect: Hayes’ 3-Way Parallel Approach

Religious minorities and firm ownership in early twentieth‐century Egypt

Determining the influence of belonging to a wine protected designation of origin on profitability

Contact Info

Product

Resources

About