Factors Determining the Survival of New Companies

• Autorzy: Marlena Cegiełka
• Języki publikacji: EN

Abstrakty

EN

This article discusses the determinants of the survival of new companies, with particular emphasis on their sources of financing. We have analysed the impact of experience in the same focal industry, of having a competitive advantage and intellectual property rights (patents and trademarks) and of debt financing on the probability of a start-up's survival, using a logit model based on the Kauffman Firm Survey (KFS) database data covering 4,928 American companies which operated from 2004 to 2011. Additionally, we can demonstrate that start-ups that use debt financing have a better chance of staying in business. Factors such as intellectual capital and competitive advantage are also positively correlated with the prospects for start-up survival. (original abstract)

Słowa kluczowe

EN

Startup; Enterprise survival; Source of financing; Logit model

PL

Przedsiębiorstwo typu start-up; Przetrwanie przedsiębiorstwa; Źródła finansowania; Model logitowy

• Czasopismo: Ekonomia / Uniwersytet Warszawski
• Rocznik: 2020
• Tom: 7
• Numer: nr 54
• Strony: 300--315

Twórcy

autor

Marlena Cegiełka

• University of Warsaw, Poland

Bibliografia

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Identyfikatory

DOI

10.2478/ceej-2020-0021