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	Provedor de dados AgEcon (1) Autor Jolly, Robert W. (1) Orazem, Peter F. (1) Yu, Li (1) Palavra-chave Community/Rural/Urban Development (1) D92 (1) Demand and Price Analysis (1) Entry (1) Exit (1) Financial Economics (1) Industrial Organization (1) L21 (1) Labor and Human Capital (1) Marketing (1) O18 (1) Production Economics (1) Productivity Analysis (1) Risk and Uncertainty (1) Rural (1) Salvage value (1) Sorting (1) Survival (1) Urban (1) Mais... Tipo do documento Working or Discussion Paper (1) Ano 2009 (1) País United States (1) Idioma Inglês (1)		Ordenar por:  Relevância Autor Título Ano Registros recuperados: 1 Primeira ... 1 ... Última Why Do Rural Firms Live Longer? AgEcon Yu, Li; Orazem, Peter F.; Jolly, Robert W.. Rural firms have a higher survival rate than urban firms. Over the first 13 years after firm entry, the hazard rate for firm exits is persistently higher for urban firms. While differences in firm attributes explain some of the rural-urban gap in firm survival, rural firms retain a survival advantage 18.5% greater than observationally equivalent urban firms. We argue that in competitive markets, the remaining survival advantage for rural firms must be attributable to unobserved factors that must be known at the time of entry. A plausible candidate for such a factor is thinner markets for the capital of failed rural firms. The implied lower salvage value of rural firms suggests that firms sorting into rural markets must have a higher probability of success... Tipo: Working or Discussion Paper Palavras-chave: Rural; Urban; Entry; Exit; Survival; Sorting; Salvage value; Community/Rural/Urban Development; Demand and Price Analysis; Financial Economics; Industrial Organization; Labor and Human Capital; Marketing; Production Economics; Productivity Analysis; Risk and Uncertainty; O18; L21; D92. Ano: 2009 URL: http://purl.umn.edu/54081 Registros recuperados: 1 Primeira ... 1 ... Última

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