The survival of new domestic and foreign-owned firms

• 成果类型: Article
• 署名作者: Mata, J; Portugal, P
• 署名单位: Universidade Nova de Lisboa; Banco de Portugal
• 刊物名称: STRATEGIC MANAGEMENT JOURNAL
• ISSN/ISSBN: 0143-2095
• DOI: 10.1002/smj.217
• 发表日期: 2002
• 页码: 323-343
• 关键词: exit; foreign firms

摘要

We compare the survival of new domestic and foreign-owned firms. We analyze the determinants of the survival of new firms and investigate whether foreignness accounts for significant differences in the survival of new foreign and new domestic firms. We find survival to be determined by ownership advantages, size and growth strategies, the internal organization of firms, and by industry characteristics such as economies of scale, and industry entry and growth. After controlling for these characteristics, we find that domestic and foreign firms do not exhibit different chances of survival, that they respond in similar fashions to the determinants of survival and display identical time patterns of exit. Copyright (C) 2002 John Wiley Sons, Ltd.