Determinants of Firm Failure: Empirical Evidence from China

doi:10.1111/grow.12116

CORC > 北京大学 > 城市与环境学院

	Determinants of Firm Failure: Empirical Evidence from China
	He, Canfei ; Yang, Rudai
刊名	GROWTH AND CHANGE
	2016
关键词	UNITED-STATES GEOGRAPHIC CONCENTRATION TECHNOLOGICAL ACTIVITY MANUFACTURING SECTOR LIFE-CYCLE SURVIVAL ENTRY INDUSTRY GROWTH SIZE
DOI	10.1111/grow.12116
英文摘要	During the economic transition, Chinese industries are highly dynamic, with substantial firm entry and failure. This study investigates the driving forces of firm failure in China. Based on the annual survey of industrial firms during 1998-2007, this study first describes the patterns of firm failure. On average, less productive and older firms are more likely to fail, while firms with governmental supports are more likely to survive. Statistical results based on the linear probability model for panel data indicate that market competition crowds out less productive firms. Competition dominates learning effects and imposes challenges on the survival of older firms. There is an inverted U-shaped relationship between firm age and firm failure. Local supportive policies such as subsidies and banking loans can reduce the chance of firm failure. Governmental policies also moderate the impact of productivity and firm age on firm failure. The findings from this study enrich the understanding of industrial dynamics in the transitional China.; Natural Science Foundation of China [41425001, 41271130, 41201124]; SSCI; ARTICLE; hecanfei@urban.pku.edu.cn; rdyang@pku.edu.cn; 1,SI; 72-92; 47
语种	中文
内容类型	期刊论文
源URL	[http://ir.pku.edu.cn/handle/20.500.11897/446176]
专题	城市与环境学院
推荐引用方式 GB/T 7714	He, Canfei,Yang, Rudai. Determinants of Firm Failure: Empirical Evidence from China[J]. GROWTH AND CHANGE,2016.
APA	He, Canfei,&Yang, Rudai.(2016).Determinants of Firm Failure: Empirical Evidence from China.GROWTH AND CHANGE.
MLA	He, Canfei,et al."Determinants of Firm Failure: Empirical Evidence from China".GROWTH AND CHANGE (2016).