Innovation and the survival of new firms across British regions

This paper analyses the survival of the complete cohort of more than 162,000 limited companies incorporated in Britain in 2001 over the subsequent five-year period. For this purpose, we estimate firms' hazards of failure and survival functions using nonparametric and semi-parametric techniques...

Full description

Bibliographic Details
Main Authors: Helmers, C, Rogers, M
Format: Working paper
Published: University of Oxford 2008
_version_ 1826302521075826688
author Helmers, C
Rogers, M
author_facet Helmers, C
Rogers, M
author_sort Helmers, C
collection OXFORD
description This paper analyses the survival of the complete cohort of more than 162,000 limited companies incorporated in Britain in 2001 over the subsequent five-year period. For this purpose, we estimate firms' hazards of failure and survival functions using nonparametric and semi-parametric techniques. The paper focuses on two important policy-related issues. The first is to what extent survival rates vary across regions in Britain. A second, and related, policy issue concerns innovation. The data available allows us to look at the intellectual property (IP) activity of all British firms, including that of the 162,000 new firms in 2001. The results indicate substantial differences in survival rates across regions, and also that IP activity is associated with a higher probability of survival. These differences across regions, and the importance of IP activity, remain when we condition on a large range of regional, industry and firm-level characteristics shifting firms' hazards of failure.
first_indexed 2024-03-07T05:48:49Z
format Working paper
id oxford-uuid:e822040a-f45a-4c9d-af8c-4258bcf7ac4d
institution University of Oxford
last_indexed 2024-03-07T05:48:49Z
publishDate 2008
publisher University of Oxford
record_format dspace
spelling oxford-uuid:e822040a-f45a-4c9d-af8c-4258bcf7ac4d2022-03-27T10:44:23ZInnovation and the survival of new firms across British regionsWorking paperhttp://purl.org/coar/resource_type/c_8042uuid:e822040a-f45a-4c9d-af8c-4258bcf7ac4dBulk import via SwordSymplectic ElementsUniversity of Oxford2008Helmers, CRogers, MThis paper analyses the survival of the complete cohort of more than 162,000 limited companies incorporated in Britain in 2001 over the subsequent five-year period. For this purpose, we estimate firms' hazards of failure and survival functions using nonparametric and semi-parametric techniques. The paper focuses on two important policy-related issues. The first is to what extent survival rates vary across regions in Britain. A second, and related, policy issue concerns innovation. The data available allows us to look at the intellectual property (IP) activity of all British firms, including that of the 162,000 new firms in 2001. The results indicate substantial differences in survival rates across regions, and also that IP activity is associated with a higher probability of survival. These differences across regions, and the importance of IP activity, remain when we condition on a large range of regional, industry and firm-level characteristics shifting firms' hazards of failure.
spellingShingle Helmers, C
Rogers, M
Innovation and the survival of new firms across British regions
title Innovation and the survival of new firms across British regions
title_full Innovation and the survival of new firms across British regions
title_fullStr Innovation and the survival of new firms across British regions
title_full_unstemmed Innovation and the survival of new firms across British regions
title_short Innovation and the survival of new firms across British regions
title_sort innovation and the survival of new firms across british regions
work_keys_str_mv AT helmersc innovationandthesurvivalofnewfirmsacrossbritishregions
AT rogersm innovationandthesurvivalofnewfirmsacrossbritishregions