Managerial tenure, business age, and small business turnover

• 成果类型: Article
• 署名作者: Holmes, TJ; Schmitz, JA
• 刊物名称: JOURNAL OF LABOR ECONOMICS
• ISSN/ISSBN: 0734-306X
• DOI: 10.1086/209804
• 发表日期: 1996
• 页码: 79-99
• 关键词: job seniority; wages rise; entrepreneurship; GROWTH

摘要

This article explores a Census Bureau survey of the small business sector, the 1982 Characteristics of Business Owners survey, which contains information on both small businesses and the managers running them. A number of patterns are documented. For example, among small businesses of the same age, the probability that a business fails and the probability that a business is sold are both initially decreasing in the tenure of the manager at the business. Among businesses with managers who have the same tenure at their business, the probability that a business fails is decreasing in the age of the business.