Supervivencia das empresas innovadoras españolasefectos da innovación

  1. Baltar Salgado, Evangelina
  2. Fernández López, Sara
  3. Vivel Búa, Milagros
  4. Neira Gómez, Isabel
Journal:
Revista galega de economía: Publicación Interdisciplinar da Facultade de Ciencias Económicas e Empresariais

ISSN: 1132-2799

Year of publication: 2012

Volume: 21

Issue: 2

Pages: 107-132

Type: Article

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More publications in: Revista galega de economía: Publicación Interdisciplinar da Facultade de Ciencias Económicas e Empresariais

Abstract

This paper analyzes the determinants of business failure through a binomial logistic model for a sample of 223 Spanish innovative companies and the year 2006. The results show that profitability, guarantees, efficiency and age of firms negatively influence the probability of failure. Innovation also exerts an indirect effect on the probability of bankruptcy through profitability

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