Institutions and determinants of firm survival in European
emerging markets

J 2019

Institutions and determinants of firm survival in European emerging markets

BAUMÖHL, Eduard; Ichiro IWASAKI a Evžen KOČENDA

Základní údaje

Originální název

Institutions and determinants of firm survival in European emerging markets

Autoři

BAUMÖHL, Eduard ; Ichiro IWASAKI a Evžen KOČENDA

Vydání

Journal of Corporate Finance, 2019, 0929-1199

Další údaje

Jazyk

angličtina

Typ výsledku

Článek v odborném periodiku

Obor

50206 Finance

Stát vydavatele

Nizozemské království

Utajení

není předmětem státního či obchodního tajemství

Odkazy

URL

Impakt faktor

Impact factor: 2.521

Označené pro přenos do RIV

Ano

Kód RIV

RIV/00216224:14560/19:00109989

Organizační jednotka

Ekonomicko-správní fakulta

Klíčová slova anglicky

Firm survival; Institutions; European emerging markets; Survival and exit determinants; Hazards model

Příznaky

Mezinárodní význam, Recenzováno

Změněno: 23. 11. 2023 10:35, Mgr. Pavlína Kurková

Anotace

V originále

We analyze the impact of institutional quality on firm survival in 15 European emerging markets. We employ the Cox proportional hazards model with a large dataset of firms during 2006–2015. Our results show that institutional quality (IQ) is a significant preventive factor for firm survival, and it displays diminishing returns as its effect is largest for low-level IQ countries and smallest for high-level IQ countries. In terms of specific indicators, the level of national governance and the extent of corruption control exhibit the key impacts. In terms of firm-specific controls, indicators of ownership structure and aggregate financial performance are the economically most significant factors associated with increased survival probability of firms in European emerging markets.

Citovat

BAUMÖHL, Eduard; Ichiro IWASAKI a Evžen KOČENDA. Institutions and determinants of firm survival in European emerging markets. Journal of Corporate Finance. 2019, roč. 58, October, s. 431-453. ISSN 0929-1199. Dostupné z: https://doi.org/10.1016/j.jcorpfin.2019.05.008.

@article{1541616,
   author = {Baumöhl, Eduard and Iwasaki, Ichiro and Kočenda, Evžen},
   article_number = {October},
   doi = {https://doi.org/10.1016/j.jcorpfin.2019.05.008},
   keywords = {Firm survival; Institutions; European emerging markets; Survival and exit determinants; Hazards model},
   language = {eng},
   issn = {0929-1199},
   journal = {Journal of Corporate Finance},
   title = {Institutions and determinants of firm survival in European emerging markets},
   url = {https://www.sciencedirect.com/science/article/pii/S0929119918306497},
   volume = {58},
   year = {2019}
}

TY  - JOUR
ID  - 1541616
AU  - Baumöhl, Eduard - Iwasaki, Ichiro - Kočenda, Evžen
PY  - 2019
TI  - Institutions and determinants of firm survival in European emerging markets
JF  - Journal of Corporate Finance
VL  - 58
IS  - October
SP  - 431-453
EP  - 431-453
SN  - 09291199
KW  - Firm survival
KW  - Institutions
KW  - European emerging markets
KW  - Survival and exit determinants
KW  - Hazards model
UR  - https://www.sciencedirect.com/science/article/pii/S0929119918306497
L2  - https://www.sciencedirect.com/science/article/pii/S0929119918306497
N2  - We analyze the impact of institutional quality on firm survival in 15 European emerging markets. We employ the Cox proportional hazards model with a large dataset of firms during 2006–2015. Our results show that institutional quality (IQ) is a significant preventive factor for firm survival, and it displays diminishing returns as its effect is largest for low-level IQ countries and smallest for high-level IQ countries. In terms of specific indicators, the level of national governance and the extent of corruption control exhibit the key impacts. In terms of firm-specific controls, indicators of ownership structure and aggregate financial performance are the economically most significant factors associated with increased survival probability of firms in European emerging markets.
ER  -

BAUMÖHL, Eduard; Ichiro IWASAKI a Evžen KOČENDA. Institutions and determinants of firm survival in European emerging markets. \textit{Journal of Corporate Finance}. 2019, roč.~58, October, s.~431-453. ISSN~0929-1199. Dostupné z: https://doi.org/10.1016/j.jcorpfin.2019.05.008.

Přehled o publikaci