THE IMPACT OF INITIAL FINANCIAL STATE ON FIRM DURATION ACROSS ENTRY COHORTS<sup>*</sup>

Huynh, Kim P.; Petrunia, Robert J.; Voia, Marcel

doi:10.1111/j.1467-6451.2010.00429.x

Cited by 53 publications

(40 citation statements)

References 35 publications

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“…In selecting the firm-characteristic variables examined in our analysis, we draw on existing research which has focused on the interaction between firm performance and variables such as firm size, initial level of productivity, industry minimum efficient size (MES), industry growth, and following the Schumpeterian tradition, industry concentration (Delmar and Wennberg 2010;Huynh et al 2010;Mazzucato and Parris 2015). The first two variables measure the firm's starting quality, while the latter three account for industry characteristics.…”

Section: Internal Determinants Of Firm Growthmentioning

confidence: 99%

Drivers of SME performance: a holistic and multivariate approach

2016

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To examine the drivers of small-and medium-sized enterprise (SME) growth, we adopt a holistic multivariate modelling approach, integrating macroeconomic determinants with the internal (firm characteristics and firm strategy) drivers more commonly investigated in firm growth studies. Utilising such an extended set of variables addresses a gap in the extant firm growth literature in relation to external growth factors, offering novel insights on the seeming randomness of firm growth. Our system generalised method of moments estimation results indicate that the macroeconomic environment influences firm growth both directly and indirectly. Based on the study of manufacturing SME growth in Ireland, our findings provide evidence on the integrated effects of macroeconomic conditions, firm characteristics and firm strategy for SME growth. They also highlight, from a theoretical perspective, the need to acknowledge the multidimensional nature of SME growth.

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Section: Internal Determinants Of Firm Growthmentioning

confidence: 99%

Drivers of SME performance: a holistic and multivariate approach

2016

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“…Following previous studies (Huynh et al, 2010), we construct the variable BRBY (BR birth year, the first year a firm appears in the BR database) to capture the year in which a firm was established.…”

Section: Independent Variable: Year Of Sme Foundationmentioning

confidence: 99%

Prevalence and longitudinal trends of early internationalisation patterns among Canadian SMEs

Sui

Baum

2012

International Marketing Review

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Purpose: Recently, studies call for a more nuanced perspective on different internationalization patterns pursued by early internationalizers. These studies argue that most Born Global firms turn out to be Born Regional and that the proportion of true Born Global firms would be overestimated. Moreover, literature claims that the proportion of Born Global firms increases over time due to macroeconomic trends. We investigate these assumptions by providing a dynamic perspective on the prevalence of different types of internationalization patterns among Canadian small and medium-sized exporters (SMEs). Design/methodology/approach: To empirically examine the ideas above, we constructed a unique large-scale longitudinal (1997)(1998)(1999)(2000)(2001)(2002)(2003)(2004) dataset. A multinomial logit model is employed to estimate a firm's predicted probability, ceteris paribus, of choosing different internationalization patterns: Born Global, Born Regional, and Gradual Internationalization. Findings: We find that Born Global firms indeed account for a smaller proportion than Born Regional firms (16% vs. 27%). However, we find evidence that Born Globals and Born Regionals are increasingly established over time and that macroeconomic factors seem to account for this development at least partially. Originality/valueCombining a rigorous empirical analysis with a unique large scale longitudinal dataset, we address two fundamental research questions in the international entrepreneurship (IE) literature a) which internationalization pattern prevails and b) if the Born Global pattern is increasingly established over time. We therewith theoretically contribute by comparing the predictive value of different internationalization frameworks international new venture (INV) framework, stage-models and regionalization hypothesis), toward which there is considerable current debate.

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“…Short-run profits of Canadian firms likely fluctuate with export/import propensities. Thus, real exchange rate movements likely affect the probability of whether a Canadian firm continues to operate or temporarily shutdown; see for example Huynh et al (2010). For employment, the impact of exchange rates differs.…”

Section: Identification Strategymentioning

confidence: 99%

Industry shutdown rates and permanent layoffs: evidence from firm-worker matched data

et al. 2017

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Firm shutdown creates a turbulent situation for workers as it leads directly to layoffs for its workers. An additional consideration is whether a firm's shutdown within an industry creates turbulence for workers at other continuing firms. Using data drawn from the Longitudinal Worker File, a Canadian firm-worker matched employment database, we investigate the impact of industry shutdown rates on workers at continuing firm. This paper exploits variation in shutdown rates across industries and within an industry over time to explain the rate of permanent layoffs and the growth of workers' earnings. We find an increase in industry shutdown rates increases the probability of permanent layoffs and decreases earnings growth for workers at continuing firms. JEL Classification: J24, J31, J63, C35

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THE IMPACT OF INITIAL FINANCIAL STATE ON FIRM DURATION ACROSS ENTRY COHORTS^*

Cited by 53 publications

References 35 publications

Drivers of SME performance: a holistic and multivariate approach

Drivers of SME performance: a holistic and multivariate approach

Prevalence and longitudinal trends of early internationalisation patterns among Canadian SMEs

Industry shutdown rates and permanent layoffs: evidence from firm-worker matched data

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THE IMPACT OF INITIAL FINANCIAL STATE ON FIRM DURATION ACROSS ENTRY COHORTS*

Cited by 53 publications

References 35 publications

Drivers of SME performance: a holistic and multivariate approach

Drivers of SME performance: a holistic and multivariate approach

Prevalence and longitudinal trends of early internationalisation patterns among Canadian SMEs

Industry shutdown rates and permanent layoffs: evidence from firm-worker matched data

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Product

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THE IMPACT OF INITIAL FINANCIAL STATE ON FIRM DURATION ACROSS ENTRY COHORTS^*