Why Do Rural Firms Live Longer?
研究发现农村企业比城市企业存活率更高，在控制行业、市场和公司特征后，爱荷华州农村企业生存优势高18%，堪萨斯州高58%，可能因为农村失败企业资产残值更低。
For the first thirteen years after entry, the hazard rate for firm exits is persistently higher for urban than for rural firms. While differences in observed industry market, local market, and firm attributes explain some of the rural/urban gap in firm survival, rural firms retain a survival advantage 18% greater in Iowa and 58% greater in Kansas than observationally equivalent urban firms. Evidence is consistent with a lower salvage price for the capital assets of failed rural firms. Entrepreneurs will require a higher success probability to enter a rural market rather than an urban market to leave their expected profits equal.