“…On the contrary, it is quite rich and broad, and the issue is extensively discussed within economic and industrial organization studies. As a result, we have numerous studies related to business survival carried out at firm level (e.g., Giovannetti et al, 2011; Kim & Lee, 2016; Persson, 2004), at firms’ environment level (e.g., Buenstorf, 2007; Dunne & Roberts, 1991; Namini et al, 2013; Reynolds et al, 1994; Strotmann, 2007) and those that pertain to human capital (e.g., Arribas & Vila, 2007; Åstebro & Bernhardt, 2005; Boyer & Blazy, 2014; Gimeno et al, 1997; Saridakis et al, 2008). They all see the problem of business survival from different angles and levels, but they often arrive at inconclusive or heavily context-dependent results on the factors of business survival (Unger et al, 2011).…”