Institutions and determinants of firm survival in European emerging markets

Volume: 58, Pages: 431 - 453
Published: Oct 1, 2019
Abstract
We analyze the impact of institutional quality on firm survival in 15 European emerging markets. We employ the Cox proportional hazards model with a large dataset of firms during 2006–2015. Our results show that institutional quality (IQ) is a significant preventive factor for firm survival, and it displays diminishing returns as its effect is largest for low-level IQ countries and smallest for high-level IQ countries. In terms of specific...
Paper Details
Title
Institutions and determinants of firm survival in European emerging markets
Published Date
Oct 1, 2019
Volume
58
Pages
431 - 453
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