Geographical factors and business failure: An empirical study from the Madrid metropolitan area
Author
Abstract
Suggested Citation
DOI: 10.1016/j.econmod.2018.05.022
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Everett, Jim & Watson, John, 1998. "Small Business Failure and External Risk Factors," Small Business Economics, Springer, vol. 11(4), pages 371-390, December.
- N. Berger, Allen & F. Udell, Gregory, 1998.
"The economics of small business finance: The roles of private equity and debt markets in the financial growth cycle,"
Journal of Banking & Finance, Elsevier, vol. 22(6-8), pages 613-673, August.
- Allen N. Berger & Gregory F. Udell, 1998. "The economics of small business finance: the roles of private equity and debt markets in the financial growth cycle," Finance and Economics Discussion Series 1998-15, Board of Governors of the Federal Reserve System (U.S.).
- Stanislav Stakhovych & Tammo H.A. Bijmolt, 2009. "Specification of spatial models: A simulation study on weights matrices," Papers in Regional Science, Wiley Blackwell, vol. 88(2), pages 389-408, June.
- Stuart S. Rosenthal & William C. Strange, 2003.
"Geography, Industrial Organization, and Agglomeration,"
The Review of Economics and Statistics, MIT Press, vol. 85(2), pages 377-393, May.
- Stuart S. Rosenthal & William C. Strange, 1999. "Geography, Industrial Organization, and Agglomeration," Center for Policy Research Working Papers 14, Center for Policy Research, Maxwell School, Syracuse University.
- Stuart S. Rosenthal & William C. Strange, 2003. "Geography, Industrial Organization, and Agglomeration," Center for Policy Research Working Papers 56, Center for Policy Research, Maxwell School, Syracuse University.
- Andreeva, Galina & Calabrese, Raffaella & Osmetti, Silvia Angela, 2016.
"A comparative analysis of the UK and Italian small businesses using Generalised Extreme Value models,"
European Journal of Operational Research, Elsevier, vol. 249(2), pages 506-516.
- Galina Andreeva & Raffaella Calabrese & Silvia Angela Osmetti, 2014. "A comparative analysis of the UK and Italian small businesses using Generalised Extreme Value models," Papers 1412.5351, arXiv.org.
- De Silva, Dakshina G. & McComb, Robert P., 2012. "Geographic concentration and high tech firm survival," Regional Science and Urban Economics, Elsevier, vol. 42(4), pages 691-701.
- Folta, Timothy B. & Cooper, Arnold C. & Baik, Yoon-suk, 2006. "Geographic cluster size and firm performance," Journal of Business Venturing, Elsevier, vol. 21(2), pages 217-242, March.
- Martinetti, Davide & Geniaux, Ghislain, 2017. "Approximate likelihood estimation of spatial probit models," Regional Science and Urban Economics, Elsevier, vol. 64(C), pages 30-45.
- Henny Romijn & Mike Albu, 2002. "Innovation, Networking and Proximity: Lessons from Small High Technology Firms in the UK," Regional Studies, Taylor & Francis Journals, vol. 36(1), pages 81-86.
- Audretsch, David B & Feldman, Maryann P, 1996. "R&D Spillovers and the Geography of Innovation and Production," American Economic Review, American Economic Association, vol. 86(3), pages 630-640, June.
- Balcaen, Sofie & Ooghe, Hubert, 2006.
"35 years of studies on business failure: an overview of the classic statistical methodologies and their related problems,"
The British Accounting Review, Elsevier, vol. 38(1), pages 63-93.
- S. Balcaen & H. Ooghe, 2004. "35 years of studies on business failure: an overview of the classical statistical methodologiesand their related problems," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 04/248, Ghent University, Faculty of Economics and Business Administration.
- Khelil, Nabil, 2016. "The many faces of entrepreneurial failure: Insights from an empirical taxonomy," Journal of Business Venturing, Elsevier, vol. 31(1), pages 72-94.
- Fernandes, Guilherme Barreto & Artes, Rinaldo, 2016. "Spatial dependence in credit risk and its improvement in credit scoring," European Journal of Operational Research, Elsevier, vol. 249(2), pages 517-524.
- Christo A. Pirinsky & Qinghai Wang, 2010. "Geographic Location And Corporate Finance," World Scientific Book Chapters, in: Alireza Tourani-Rad & Coral Ingley (ed.), Handbook On Emerging Issues In Corporate Governance, chapter 3, pages 23-38, World Scientific Publishing Co. Pte. Ltd..
- Jo-Hui Chen & Martin Williams, 1999. "The determinants of business failures in the US low-technology and high-technology industries," Applied Economics, Taylor & Francis Journals, vol. 31(12), pages 1551-1563.
- Charlie Karlsson & Johan Klaesson & Özge Öner, 2015. "Regional Characteristics and the Survival of New Firms," ERSA conference papers ersa15p6, European Regional Science Association.
- Pinkse, Joris & Slade, Margaret E., 1998. "Contracting in space: An application of spatial statistics to discrete-choice models," Journal of Econometrics, Elsevier, vol. 85(1), pages 125-154, July.
- Maskell, Peter, 2001. "Towards a Knowledge-Based Theory of the Geographical Cluster," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 10(4), pages 921-943, December.
- Joao Mota & Luis M. de Castro, 2004. "A Capabilities Perspective on the Evolution of Firm Boundaries: A Comparative Case Example from the Portuguese Moulds Industry," Journal of Management Studies, Wiley Blackwell, vol. 41(2), pages 295-316, March.
- Otto Raspe & Frank Oort, 2011. "Growth of new firms and spatially bounded knowledge externalities," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 46(3), pages 495-518, June.
- Raffaella Calabrese & Galina Andreeva & Jake Ansell, 2019. "“Birds of a Feather” Fail Together: Exploring the Nature of Dependency in SME Defaults," Risk Analysis, John Wiley & Sons, vol. 39(1), pages 71-84, January.
- Peter Back, 2005. "Explaining financial difficulties based on previous payment behavior, management background variables and financial ratios," European Accounting Review, Taylor & Francis Journals, vol. 14(4), pages 839-868.
- Anet Weterings & Orietta Marsili, 2015. "Spatial Concentration of Industries and New Firm Exits: Does this Relationship Differ between Exits by Closure and by M&A?," Regional Studies, Taylor & Francis Journals, vol. 49(1), pages 44-58, January.
- Nabil Khelil, 2016. "The many faces of entrepreneurial failure: Insights from an empirical taxonomy," Post-Print halshs-01242692, HAL.
- Carlos Carreira & Filipe Silva, 2010.
"No Deep Pockets: Some Stylized Empirical Results On Firms’ Financial Constraints,"
Journal of Economic Surveys, Wiley Blackwell, vol. 24(4), pages 731-753, September.
- Filipe Silva & Carlos Carreira, 2009. "No Deep Pockets: Some stylized results on firms' financial constraints," GEMF Working Papers 2009-06, GEMF, Faculty of Economics, University of Coimbra.
- So Sohn & Yoon Kim, 2013. "Behavioral credit scoring model for technology-based firms that considers uncertain financial ratios obtained from relationship banking," Small Business Economics, Springer, vol. 41(4), pages 931-943, December.
- Silviano Pérez & Amparo Llopis & Juan Llopis, 2004. "The Determinants of Survival of Spanish Manufacturing Firms," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 25(3), pages 251-273, August.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Calabrese, Raffaella, 2023. "Contagion effects of UK small business failures: A spatial hierarchical autoregressive model for binary data," European Journal of Operational Research, Elsevier, vol. 305(2), pages 989-997.
- Beverly, Josh & Stewart, Shamar L. & Neill, Clinton L., 2024. "What drives labor force participation rate variability? The case of West Virginia," Economic Modelling, Elsevier, vol. 140(C).
- Elrashidy, Zeinab & Haniffa, Roszaini & Sherif, Mohamed & Baroudi, Sarra, 2024. "Determinants of reward crowdfunding success: Evidence from Covid-19 pandemic," Technovation, Elsevier, vol. 132(C).
- Mauro Aliano & Lucianna Cananà & Greta Cestari & Stefania Ragni, 2023. "A Dynamical Model with Time Delay for Risk Contagion," Mathematics, MDPI, vol. 11(2), pages 1-19, January.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Mariluz Mate‐Sánchez‐Val, 2021. "The impact of geographical positioning on agri‐food businesses' failure considering nonlinearities," Agribusiness, John Wiley & Sons, Ltd., vol. 37(3), pages 612-628, July.
- José Manuel López‐Fernández & Mariluz Maté‐Sánchez‐Val & Francisco Manuel Somohano‐Rodriguez, 2021. "The effect of micro‐territorial networks on industrial small and medium enterprises' innovation: A case study in the Spanish region of Cantabria," Papers in Regional Science, Wiley Blackwell, vol. 100(1), pages 51-77, February.
- Maté-Sánchez-Val, Mariluz & Harris, Richard, 2018. "The paradox of geographical proximity for innovators: A regional study of the Spanish agri-food sector," Land Use Policy, Elsevier, vol. 73(C), pages 458-467.
- Ornella Wanda Maietta & Fernanda Mazzotta, 2018. "Firm Survival and Innovation: Knowledge Context Matters!," CSEF Working Papers 496, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
- Raffaella Calabrese & Galina Andreeva & Jake Ansell, 2019. "“Birds of a Feather” Fail Together: Exploring the Nature of Dependency in SME Defaults," Risk Analysis, John Wiley & Sons, vol. 39(1), pages 71-84, January.
- Arbia, Giuseppe & Espa, Giuseppe & Giuliani, Diego & Dickson, Maria Michela, 2014. "Spatio-temporal clustering in the pharmaceutical and medical device manufacturing industry: A geographical micro-level analysis," Regional Science and Urban Economics, Elsevier, vol. 49(C), pages 298-304.
- Shivaram V. Devarakonda & Brian T. McCann & Jeffrey J. Reuer, 2018. "Marshallian Forces and Governance Externalities: Location Effects on Contractual Safeguards in Research and Development Alliances," Organization Science, INFORMS, vol. 29(6), pages 1112-1129, December.
- H. Ooghe & S. De Prijcker, 2006.
"Failure process and causes of company bankruptcy: a typology,"
Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium
06/388, Ghent University, Faculty of Economics and Business Administration.
- Ooghe, H. & De Prijcker, S., 2006. "Failure processes and causes of company bankruptcy: a typology," Vlerick Leuven Gent Management School Working Paper Series 2006-21, Vlerick Leuven Gent Management School.
- Nico Dewaelheyns & Cynthia Hulle, 2008. "Legal reform and aggregate small and micro business bankruptcy rates: evidence from the 1997 Belgian bankruptcy code," Small Business Economics, Springer, vol. 31(4), pages 409-424, December.
- Sheng, Jie & Lan, Hao, 2019. "Business failure and mass media: An analysis of media exposure in the context of delisting event," Journal of Business Research, Elsevier, vol. 97(C), pages 316-323.
- Brian T. McCann & Jeffrey J. Reuer & Nandini Lahiri, 2016. "Agglomeration and the choice between acquisitions and alliances: An information economics perspective," Strategic Management Journal, Wiley Blackwell, vol. 37(6), pages 1085-1106, June.
- Gilbert, Brett Anitra & McDougall, Patricia P. & Audretsch, David B., 2008. "Clusters, knowledge spillovers and new venture performance: An empirical examination," Journal of Business Venturing, Elsevier, vol. 23(4), pages 405-422, July.
- Giuseppe Arcuri & Marc Brunetto & Nadine Levratto, 2019.
"Spatial patterns and determinants of firm exit: an empirical analysis on France,"
The Annals of Regional Science, Springer;Western Regional Science Association, vol. 62(1), pages 99-118, February.
- Giuseppe Arcuri & Marc Brunetto & Nadine Levratto, 2019. "Spatial patterns and determinants of firm exit: an empirical analysis on France," Post-Print hal-01943083, HAL.
- Maté-Sánchez-Val, Mariluz & López-Hernandez, Fernando & Mur-Lacambra, Jesús, 2017. "How do neighboring peer companies influence SMEs’ financial behavior?," Economic Modelling, Elsevier, vol. 63(C), pages 104-114.
- Nilsson, Pia, 2016. "The influence of related and unrelated industry diversity on retail firm failure," Journal of Retailing and Consumer Services, Elsevier, vol. 28(C), pages 219-227.
- Giuseppe Arbia & Giuseppe Espa & Diego Giuliani & Rocco Micciolo, 2017.
"A spatial analysis of health and pharmaceutical firm survival,"
Journal of Applied Statistics, Taylor & Francis Journals, vol. 44(9), pages 1560-1575, July.
- Giuseppe Arbia & Giuseppe Espa & Diego Giuliani & Rocco Micciolo, 2015. "A spatial analysis of health and pharmaceutical firm survival," DEM Discussion Papers 2015/05, Department of Economics and Management.
- Pe'er, Aviad & Keil, Thomas, 2013. "Are all startups affected similarly by clusters? Agglomeration, competition, firm heterogeneity, and survival," Journal of Business Venturing, Elsevier, vol. 28(3), pages 354-372.
- Ángel Alanón & Rafael Myro, "undated". "Does neighboring "industrial atmosphere" matter in industrial location?. Empirical evidence from Spanish municipalities," Studies on the Spanish Economy 199, FEDEA.
- Marco Cantamessa & Valentina Gatteschi & Guido Perboli & Mariangela Rosano, 2018. "Startups’ Roads to Failure," Sustainability, MDPI, vol. 10(7), pages 1-19, July.
- Vestal, Alex & Danneels, Erwin, 2018. "Knowledge exchange in clusters: The contingent role of regional inventive concentration," Research Policy, Elsevier, vol. 47(10), pages 1887-1903.
More about this item
Keywords
Business failure; Spatial probit; Geographical proximity; External economic agents; Transport facilities;All these keywords.
JEL classification:
- G30 - Financial Economics - - Corporate Finance and Governance - - - General
- M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
- R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:ecmode:v:74:y:2018:i:c:p:275-283. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/30411 .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.