A study on the impacts of firmspecific and industry-specific factors on the survival-based success of Spanish new firms
Universitat de Lleida. Departament d'Administració d'Empreses
MetadataShow full item record
With using decision tree approach, this paper explores the predictability and impacts of some firm-specific factors (mainly financial factors) and industry-specific factors on the survivalbased success of Spanish new firms in manufacturing sector. In particular, decision trees are built not only for comparing the impacts between different factors but also for observing the change of factor’s impact with firm´s ageing and after industry adjustment. The results from the generated trees are quite detailed and relatively complex, and the main results can be summarized as follows: (1) profitability is the most significant variable because of ranking at the first level in most trees; (2) the impact of firm size is also important due to frequently appearing at the second level; (3) the impact of liquidity tends to weaken with ageing; (4) industry adjustment degrades the impact of indebtedness; (5) as for industry-specific variables, concentration and entry rank before industry growth in the age 1 and age 2 predictions.
Is part ofNew trends in accounting and management, 2018, núm. 15, p. 1-41
European research projects
Showing items related by title, author, creator and subject.
The success of Spanish new firms: A study on the impacts of firm-specific and industry-specific factors Tong, Yehui (Universitat de Lleida, 2018-07-10)
The predictability of financial, accounting-based, and industrial factors on the success of newly incorporated Spanish firms Tong, Yehui; Saladrigues Solé, Ramon (OmniaScience, 2018)Purpose: The purpose of this paper is to identify the impacts and predictability of financial, accounting-based, and industrial factors (as well as corporate venturing) on survival-based success of newly incorporated ...
Saladrigues Solé, Ramon; Gallizo Larraz, José Luis; Gargallo Valero, Pilar; Salvador Figueras, Manuel (Edicions de la Universitat de Lleida, 2013)This study offers a statistical analysis of the persistence of annual profits across a sample of firms from different European Union (EU) countries. To this end, a Bayesian dynamic model has been used which enables the ...