Effects of Size, Industry and Type of Ownership on Business Firm Longevity
Faculty Mentor(s)
Professor Vicki TenHaken, Hope College
Document Type
Poster
Publication Date
4-15-2011
Abstract
Some companies have managed to overcome economic challenges, massive changes in technology, globalization and other socio-cultural transformations to not only survive, but thrive over an extended period of time. Are there certain industries to which these companies belong that are more conducive to long-term survival? Does private ownership or firm size make a difference in a business’s ability to survive over the long term? In this research a data base of U.S. companies over 100 years old is compiled and then compared to the profile of U.S. businesses overall in an attempt to answer these questions.
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Comments
This material is based upon work supported by the Frost Research Center and the Japanese Small Business Research Institute.