Competition and entrepreneurs' human capital in small business longevity and growth.
An analysis of data on a sample of small-scale manufacturers shows that a business is less likely to survive and grows slower the smaller the average price–cost margin in the industry in which it operates. The probability of survival is also smaller in import competing industries. So is the mean gro...
| Publicado en: | Journal of Development Studies Vol. 42; no. 5; pp. 812 - 836 |
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| Formato: | Artículo |
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Taylor & Francis Ltd
Jul2006
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=hlh&AN=21806506&site=ehost-live header: @attributes: shortDbName: hlh uiTerm: 21806506 longDbName: Humanities International Complete uiTag: AN controlInfo: bkinfo: jinfo: jid: 00220388 JDS jtl: Journal of Development Studies issn: 00220388 maglogo: N pubinfo: dt: Jul2006 vid: 42 iid: 5 pid: 377 pub: Taylor & Francis Ltd artinfo: ui: 21806506 10.1080/00220380600742050 ppf: 812 ppct: 24 formats: fmt: – @attributes: type: T – @attributes: type: P size: 230KB tig: atl: Competition and entrepreneurs' human capital in small business longevity and growth. aug: au: Mengistae, Taye affil: The World Bank, Washington, DC, USA su: Small business Economic competition Entrepreneurship Businessmen Human capital sug: subj: Small business Economic competition Entrepreneurship Businessmen Human capital ab: An analysis of data on a sample of small-scale manufacturers shows that a business is less likely to survive and grows slower the smaller the average price–cost margin in the industry in which it operates. The probability of survival is also smaller in import competing industries. So is the mean growth rate among survivors. We interpret this as evidence that small businesses are less likely to survive and grow slower in industries where the pressure of competition is stronger. Given competitive pressure and establishment characteristics, the probability of business survival and the expected growth rate conditional on survival both increase with entrepreneurial human capital. This is in the sense that the probability of business survival increases with the number of years of schooling and the number of years of business experience of the entrepreneur as does the expected growth rate conditional on survival. These results are consistent with another finding that unobservable influences on business hazard are correlated with those on growth. As a result, the effect of competition and entrepreneurial human capital on the growth of survivors would be biased for the effect of the same variables on the expected growth rate of a startup. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: Y custom: Copyright of Journal of Development Studies is the property of Taylor & Francis Ltd and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. item: Journal of Development Studies holder: Taylor & Francis Ltd dt: @attributes: year: 2006 holdings: @attributes: islocal: N |
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