Duration of Firms: The Role of Financial Considerations in Peruvian Manufacturing Firms
DOI:
https://doi.org/10.21754/iecos.v22i1.1417Abstract
This article is a summarized version of the research "Duration of companies: the role of financial considerations in Peruvian manufacturing companies", carried out within the framework of the CIES 2019 Annual Research Contest, which is sponsored by the Ministry of Economy and Finance (MEF), the Manuel J. Bustamante de la Fuente Foundation and the Ministry of Energy and Mines (MINEM).
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References
Audretsch, D., D. B.Houwelling, y A.R. Thurick (2000) “Firm survival in the Netherlands”,
Cox, D. R. (1972 ) “Regression models and life Tables”, Journal of the Royal Staistical Society, vol. 34, pp. 187-220
Chen, Yasheng y Jermias, Johnny (2016) “Linking Key Performance Indicators to New International Venture Survival”. Journal of International Accounting Rsearch, Vol. 15(3) pp. 31-48
De Soto, Hernando (2000) “The Mistery of Capital. Why Capitalism Triumphs in the West and Fails Everywhere else” New York: Basic Books
Disney, R., Haskel, J y Heden, Y ( 2003) “Entry, exit and establishment survival in UK manufacturing”, The journal of industrial economics 0022-1821 Volume LI March 2003 No. 1.
Dunn, E. y Arbuckle, G. (2001) “The Impacts of Microcredit: A Case Study from Peru”
Durairaj, K. y Prakash, S. (2018) “Access to Finance, Financial Development and Firm Ability to Export: Experience from Asia–Pacific Countries”. Asian Economic Journal, March 2018, Vol.32(1), pp.15-38
Dunne, Roberts y L Samuelson (1988) “Patterns of Firm Entry and Exit in US Manufacturing Industries” Rand Journal of Economics Vol. 19, pp. 495-515
Fotopoulos, G y Louri, H (2000) “Determinants of hazard confronting new entry: does financial structure matter”. Review of Industrial Organization. Vol. 17 (3) pp. 285-300
Ferrando, A. y Mulier, K. (2013) “Do firms use trade credit channel to manage growth?”. Journal Banking Finance Vol. 37, pp. 3035–3046.
Garcia-Appendini, E. y Montoriol-Garriga, J. (2013) “Firms as liquidity providers: evidence from the 2007–2008 financial crisis”. Journal Financial Econonomics Vol. 109, pp. 272–291.
Gomez, G y Reyes, P (2011) “The number of banking relationships and the business cycle: New evidence from Colombia”, Economic Systems Volume 35, Issue 3, September 2011, pp. 408-418
Gonzalez, J. y Ruth, R. N. (2012) “Firm failure and relationship leding in an emerging economy: new evidence from small business”, Macroeconomics and Finance in Emerging Market Economies, 2013 Taylor & Francis 2013 Vol. 6, No. 1, pp. 131–145.
Gupta, J., Gregoriou, A. y Healy, J. (2015) “Forecasting bankruptcy for SMEs using hazard function: to what extent does size matter?”. Rev. Quant. Finan. Acc. 45 (4), pp. 845–869.
Mata, J. y P. Portugal (1994) “Life Duration of New Firms”, Journal of Industrial Economics Vol. 42 pp. 227-246
Mata, J., P. Portugal y Guimaraes (1995) “The survival of New Plants: Start-Up conditions and Post-Entry Evolution”, International Journal of ndustial Organization Vol. 13, pp. 459-481.
Melitz, M. (2002) “The Impact of trade in Intra-Industry Reallocations and Aggregate Industry Productivity”, NBER Working Papers Series, number 881, Cambridge.
Molina, C.A. y Preve, L.A. (2012) “An empirical analysis of the effect of financial distress on trade credit”. Financial Managment. 2012, 187–205.
Pindado, J. y Rodrigues, L., de la Torre, C. (2008) “Estimating financial distress likelihood”. Journal of Business Research. Vol. 61, pp. 995–1003
Segarra, M. y Cajaleón,M. (2002 ) “New firms survival and Market turbulance: new evidence from Spain”, Review of Industrial Organization Vol. 16, pp. 1-11
Wagner,J. & Sternberg, R. (2004 ) “Start-up activities, individuals characteristics, and the regional milieu: lessons for entrepreneurship support policies from german micro data” Annals of Regional Science. vol 38, pp. 2019-240.
Zhang, Dongyang (2020) “Do credit squeezes influence firm survival? An empirical investigation of China”, Economic Systems.
Cox, D. R. (1972 ) “Regression models and life Tables”, Journal of the Royal Staistical Society, vol. 34, pp. 187-220
Chen, Yasheng y Jermias, Johnny (2016) “Linking Key Performance Indicators to New International Venture Survival”. Journal of International Accounting Rsearch, Vol. 15(3) pp. 31-48
De Soto, Hernando (2000) “The Mistery of Capital. Why Capitalism Triumphs in the West and Fails Everywhere else” New York: Basic Books
Disney, R., Haskel, J y Heden, Y ( 2003) “Entry, exit and establishment survival in UK manufacturing”, The journal of industrial economics 0022-1821 Volume LI March 2003 No. 1.
Dunn, E. y Arbuckle, G. (2001) “The Impacts of Microcredit: A Case Study from Peru”
Durairaj, K. y Prakash, S. (2018) “Access to Finance, Financial Development and Firm Ability to Export: Experience from Asia–Pacific Countries”. Asian Economic Journal, March 2018, Vol.32(1), pp.15-38
Dunne, Roberts y L Samuelson (1988) “Patterns of Firm Entry and Exit in US Manufacturing Industries” Rand Journal of Economics Vol. 19, pp. 495-515
Fotopoulos, G y Louri, H (2000) “Determinants of hazard confronting new entry: does financial structure matter”. Review of Industrial Organization. Vol. 17 (3) pp. 285-300
Ferrando, A. y Mulier, K. (2013) “Do firms use trade credit channel to manage growth?”. Journal Banking Finance Vol. 37, pp. 3035–3046.
Garcia-Appendini, E. y Montoriol-Garriga, J. (2013) “Firms as liquidity providers: evidence from the 2007–2008 financial crisis”. Journal Financial Econonomics Vol. 109, pp. 272–291.
Gomez, G y Reyes, P (2011) “The number of banking relationships and the business cycle: New evidence from Colombia”, Economic Systems Volume 35, Issue 3, September 2011, pp. 408-418
Gonzalez, J. y Ruth, R. N. (2012) “Firm failure and relationship leding in an emerging economy: new evidence from small business”, Macroeconomics and Finance in Emerging Market Economies, 2013 Taylor & Francis 2013 Vol. 6, No. 1, pp. 131–145.
Gupta, J., Gregoriou, A. y Healy, J. (2015) “Forecasting bankruptcy for SMEs using hazard function: to what extent does size matter?”. Rev. Quant. Finan. Acc. 45 (4), pp. 845–869.
Mata, J. y P. Portugal (1994) “Life Duration of New Firms”, Journal of Industrial Economics Vol. 42 pp. 227-246
Mata, J., P. Portugal y Guimaraes (1995) “The survival of New Plants: Start-Up conditions and Post-Entry Evolution”, International Journal of ndustial Organization Vol. 13, pp. 459-481.
Melitz, M. (2002) “The Impact of trade in Intra-Industry Reallocations and Aggregate Industry Productivity”, NBER Working Papers Series, number 881, Cambridge.
Molina, C.A. y Preve, L.A. (2012) “An empirical analysis of the effect of financial distress on trade credit”. Financial Managment. 2012, 187–205.
Pindado, J. y Rodrigues, L., de la Torre, C. (2008) “Estimating financial distress likelihood”. Journal of Business Research. Vol. 61, pp. 995–1003
Segarra, M. y Cajaleón,M. (2002 ) “New firms survival and Market turbulance: new evidence from Spain”, Review of Industrial Organization Vol. 16, pp. 1-11
Wagner,J. & Sternberg, R. (2004 ) “Start-up activities, individuals characteristics, and the regional milieu: lessons for entrepreneurship support policies from german micro data” Annals of Regional Science. vol 38, pp. 2019-240.
Zhang, Dongyang (2020) “Do credit squeezes influence firm survival? An empirical investigation of China”, Economic Systems.
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Published
2021-12-27
How to Cite
Tolentino Raymond, E. (2021). Duration of Firms: The Role of Financial Considerations in Peruvian Manufacturing Firms. Revista IECOS, 22(1), 23–30. https://doi.org/10.21754/iecos.v22i1.1417
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