U.S. Fabless Semiconductor Industry (1997-2009): a Survival Analysis
The Role of entrepreneur-human capital and firms' pre-entry experience on start-ups performances
978-3-8443-9359-0
3844393595
64
2011-05-13
49.00 €
eng
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This paper investigates the impact of entrepreneur-specific human capital and firms' pre-entry experience on start-ups performances. Studying a sample of 342 U.S. firms active in the fabless semiconductor industry, two main findings are provided: having a serial entrepreneur as founder and being a spinoff increase the likelihood that the firm will survive. In addition, small firms are proven to live longer in this particular industry. Finally, firms who patented at least once have a lower probability to fail.
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