Too fast to live? Effects of growth on survival across the growth distribution
通过追踪6578家新创企业前10年的银行账户记录,发现中等增长的企业生存率最高,而增长最快的企业生存率并非最高。
Do moderate-growth new firms have higher survival rates than fast-growing new firms? To address this question the customer bank records of 6578 new ventures are tracked over their first 10 years, and survival is measured either in terms of continued use of the bank account, or by entry into financial default. Simple bar charts show that it is the 7th or 8th decile of the growth distribution that has the highest survival chances. Although growth enhances survival on average, nevertheless the highest decile of the growth distribution never has the highest survival rates.