Institutions, financial development, and small business survival: evidence from European emerging markets
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11230%2F22%3A10425756" target="_blank" >RIV/00216208:11230/22:10425756 - isvavai.cz</a>
Result on the web
<a href="https://verso.is.cuni.cz/pub/verso.fpl?fname=obd_publikace_handle&handle=wZuCfusHFI" target="_blank" >https://verso.is.cuni.cz/pub/verso.fpl?fname=obd_publikace_handle&handle=wZuCfusHFI</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1007/s11187-021-00470-z" target="_blank" >10.1007/s11187-021-00470-z</a>
Alternative languages
Result language
angličtina
Original language name
Institutions, financial development, and small business survival: evidence from European emerging markets
Original language description
In this paper, we traced the survival status of 94,401 small businesses in 17 European emerging markets from 2007 to 2017 and empirically examined the determinants of their survival, focusing on institutional quality and financial development. We found that institutional quality and the level of financial development impact the survival probability of the researched SMEs in statistically significant and economically meaningful ways. The evidence holds even when we control for a set of firm-level characteristics such as ownership structure, financial performance, firm size, and age. The findings are also uniform across industries and country groups and robust beyond the difference in assumption of hazard distribution, firm size, region, and time period.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50201 - Economic Theory
Result continuities
Project
<a href="/en/project/GA20-17044S" target="_blank" >GA20-17044S: Financial Markets Uncertainty: Measurement, Effects and Policy Implications</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)
Others
Publication year
2022
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Small Business Economics
ISSN
0921-898X
e-ISSN
1573-0913
Volume of the periodical
58
Issue of the periodical within the volume
3
Country of publishing house
NL - THE KINGDOM OF THE NETHERLANDS
Number of pages
23
Pages from-to
1261-1283
UT code for WoS article
000628058100001
EID of the result in the Scopus database
2-s2.0-85102599295