Survival Rates of New Firms Created in the Recession: A Multi-Year Study

Cook, Ron
February 2014
Small Business Institute National Conference Proceedings;Winter2014, Vol. 38 Issue 1, p288
Conference Proceeding
This study examines the survival patterns of new firms that were created during difficult economic times and how these rates might compare to earlier research, given the macro-climate conditions and a more comprehensive measure of births. Our findings indicate a significantly worse survival rate in the second year than previous studies but reverting to previous norms by year three. We discuss the implications of these findings in light of definitional issues in past studies, our more inclusive sample, and whether the macro-climate impact is different given the 2008 recession.


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