Effects of Size, Industry and Type of Ownership on Business Firm Longevity
Professor Vicki TenHaken, Hope College
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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