Institutions, financial development, and small business survival: evidence from European emerging markets

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

Institutions, financial development, and small business survival: evidence from European emerging markets

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

Institutions, financial development, and small business survival: evidence from European emerging markets

Popis výsledku anglicky

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.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50201 - Economic Theory

Projekt

<a href="/cs/project/GA20-17044S" target="_blank" >GA20-17044S: Nejistota na finančních trzích: Měření, efekty a hospodářsko-politické implikace</a><br>

Návaznosti

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Rok uplatnění

2022

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Small Business Economics

ISSN

0921-898X

e-ISSN

1573-0913

Svazek periodika

58

Číslo periodika v rámci svazku

3

Stát vydavatele periodika

NL - Nizozemsko

Počet stran výsledku

23

Strana od-do

1261-1283

Kód UT WoS článku

000628058100001

EID výsledku v databázi Scopus

2-s2.0-85102599295