Paper Information

Journal:   KNOWLEDGE AND DEVELOPMENT   2007 , Volume - , Number 20; Page(s) 147 To 166.
 
Paper: 

THE EFFECT OF INITIAL CAPITAL ON SURVIVAL OF SMALL AND MEDIUM-SIZED MANUFACTURING FIRMS IN IRAN

 
Author(s):  MADHOUSHI M., TARI GH.
 
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Abstract: 

The aim of this paper is to investigate the effect of initial capital on survival of small and medium-sized manufacturing firms in Iran between 1981- 2005. The Industry & Mine Ministry data base has been used for data gathering, and the data were processed using Event-history analysis. A product-limit estimator (Kaplan-Meier) Model, is used for exploratory data analysis, and the comparison of survivor functions is used for comparing exit pattern of small and medium-size firms. Also a semi parametric Cox regression model is used for testing the hypothesis. The results support the survey's hypothesis and show that there is a positive relationship between initial capital and survival of small and medium manufacturing, firms. Also it was concluded that there are meaningful differences between small and medium-size firm's survivor functions.

 
Keyword(s): INITIAL CAPITAL, SURVIVAL, SMALL & MEDIUM MANUFACTURING FIRMS, EVENT HISTORY ANALYSIS, IRAN
 
References: 
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