Entrepreneurship and Small Business Research Institute
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Professor Patricia Greene, Babson College, USA

New Venture, Survival and Growth

Development of Six Cohorts of Swedish Business Firms, 1899-1999

by Marcus Box

The general aim of this licentiate thesis is to develop a research framework in order to analyse terminated as well as surviving firms. The data is empirical longitudinal data on limited liability companies founded during six different years between 1899 and 1950.

The method used is a cohort method, which is a special case of the longitudinal technique. What is characteristic for a ’cohort’ is that the individuals or units included in the one and the same cohort share at least one common feature.

The age and size of firms did affect the risk for termination (hazard rates); firms were generally terminated to a much greater extent at young age. Small firms exhibited higher hazard rates than larger ones. The external macroeconomic situation could explain why the termination rates among firms in the six cohorts differed.
There was a discernible relationship between macroeconomic variables and the growth rate of the firms.

Title: New Venture, Survival and Growth – Development of Six Cohorts of Swedish Business Firms, 1899-1999
Author: Box, Marcus
Year: 2001
University: Stockholm University