What is it about?
The aim of this research was to analyse the survival of new ventures during periods of economic crisis. The article compares survival probability during growth and crisis periods. An empirical study was used to analyse new venture survival probability. An additional aim of the study was to analyse the survival probability of opportunity and necessity entrepreneurs during crisis periods. Results show that gaps in survival likelihood between opportunity and necessity entrepreneurship are bigger during times of crisis than they are during growth periods.
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Why is it important?
Results show that new firms have a greater likelihood of surviving during crisis periods than they do during growth periods. Results show that gaps in survival likelihood between opportunity and necessity entrepreneurship are bigger during times of crisis than they are during growth periods.
Perspectives
I think this article open new ways to analyze and interpret the role of self-employment and new small firms in growing and declining contexts.
Dr Lorenzo Revuelto-Taboada
University of Valencia
Read the Original
This page is a summary of: Influence of economic crisis on new SME survival: reality or fiction?, Entrepreneurship and Regional Development, January 2016, Taylor & Francis,
DOI: 10.1080/08985626.2015.1118560.
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