Comparative analysis of firm demographics and survival: evidence from micro-level sources in OECD countries

Bartelsman, Eric J.; Scarpetta, Stéfano; Schivardi, Fabiano

doi:10.1093/icc/dth057

Cited by 445 publications

(378 citation statements)

References 37 publications

Supporting

Mentioning

345

Contrasting

Unclassified

Order By: Relevance

“…Entrepreneurial ventures are often not successful in generating sustainable profits: only about 50% of newly founded firms survive for more than 5 years (Geroski 1995;OECD 2003;Bartelsman et al 2005;Delmar and Wennberg 2010). In case of failure, shareholders' possibilities to disinvest depend importantly on the rights of creditors to recover their investments which, in turn, are determined by national institutions.…”

Section: Theorymentioning

confidence: 99%

Varieties of entrepreneurship: exploring the institutional foundations of different entrepreneurship types through ‘Varieties-of-Capitalism’ arguments

2018

View full text Add to dashboard Cite

While entrepreneurship researchers agree that institutions 'matter' for entrepreneurship, they also have a rather encompassing understanding of institutions as almost any external factor that influences entrepreneurship. Ultimately, this literature thus comes up with a long list of institutional factors that may explain entrepreneurial differences between countries. But which institutions are most influential? How do these institutions relate to different types of entrepreneurship? And to what extent are institutions complementary to each other in the way they sustain different entrepreneurship types? The literature on 'Varieties-of-Capitalism' (VoC) offers a parsimonious theoretical framework to address these questions. Based on the VoC literature, we theoretically derive a consistent set of institutional indicators that can explain differences in entrepreneurship types between countries. Based on principal component and cluster analyses, we illustrate how 21 Western developed economies cluster around four distinct institutional settings. Furthermore, we use simple OLS regressions to show how these institutional constellations are related to different types of entrepreneurship. We conclude that four different 'Varieties of Entrepreneurship' can be identified across the Western world. The main implication of our findings is that a 'perfect' institutional constellation, equally facilitating different types of entrepreneurship, does not exist. Policy-makers seeking to stimulate entrepreneurship are thus faced with the trade-off of targeting policy reforms to that entrepreneurship type they intend to promote-at the expense of other types of entrepreneurship and the broader societal consequences such reforms will have.

show abstract

Section: Theorymentioning

confidence: 99%

Varieties of entrepreneurship: exploring the institutional foundations of different entrepreneurship types through ‘Varieties-of-Capitalism’ arguments

2018

View full text Add to dashboard Cite

show abstract

“…6 This reports accounting information based on the yearly census of all Italian firms with 20 or more employees, over the period 1989-1997. Firms with 20 or more employees account for around 70% of total employment in Italy (see Bartelsman et al, 2005). Response rates can vary in the different years, but they remain always very high, around 70% or above.…”

Section: Data and Variablesmentioning

confidence: 99%

Growth processes of Italian manufacturing firms

Coad¹,

Rao

Tamagni

2011

Structural Change and Economic Dynamics

View full text Add to dashboard Cite

This paper presents a multidimensional empirical analysis of firm growth. Exploiting census data on Italian manufacturing firms, 1989-1997, we estimate a reduced-form VAR to analyze the co-evolution of employment growth, sales growth, growth of profits and labour productivity growth. Our main findings suggest that (i) employment growth precedes sales growth; (ii) productivity growth lacks any strong association with subsequent growth of the other indicators; (iii) profits growth represents the 'absorbing dimension' of the growth processes. This picture contrasts with 'accelerator models', predicting sales are the driver of the growth process, and is also at odds with theories of firm-industry evolution assuming productivity or profits advantages to be the driver of strong market selection/reallocation mechanisms. Instead, the findings reveal the existence of (weak) Penrose and (strong) Kaldor-Verdoorn effects, and more generally convey the view that employment growth is the key driver of firm expansion, while profits, once made, are not reinvested.JEL codes: C30, D20, L20, L25

show abstract

“…Neither do I address explicitly the "stylized facts" on entry and exit dynamics (cf. the recent survey by Bartelsman, Scarpetta and Schivardi, 2005). Rather, this work is restricted to the distributions of sizes and performances of incumbents, their dynamics and their relations with their underlying technological characteristics.…”

Section: Introductionmentioning

confidence: 99%

Statistical regularities in the evolution of industries: a guide through some evidence and challenges for the theory

Dosi¹

2007

Perspectives on Innovation

139

118

View full text Add to dashboard Cite

Comparative analysis of firm demographics and survival: evidence from micro-level sources in OECD countries

Cited by 445 publications

References 37 publications

Varieties of entrepreneurship: exploring the institutional foundations of different entrepreneurship types through ‘Varieties-of-Capitalism’ arguments

Varieties of entrepreneurship: exploring the institutional foundations of different entrepreneurship types through ‘Varieties-of-Capitalism’ arguments

Growth processes of Italian manufacturing firms

Statistical regularities in the evolution of industries: a guide through some evidence and challenges for the theory

Contact Info

Product

Resources

About