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Library/Entrepreneurial entry: takeover versus founding

A10FT50

On the turnover of business firms and business managers

Holmes, T. J., & Schmitz, J. A. (1995)

Journal of Political Economy, 103(5), 1005-1038

Structural model of small business failure and sale with two features: a manager-business match, and business characteristics that outlive the current match. Parameters are estimated on evidence about how failure and sale vary with business age and manager tenure.

Sourcedoi:10.1086/26201192 citations (OpenAlex)

Full citation

Holmes, T. J., & Schmitz, J. A. (1995). On the turnover of business firms and business managers. Journal of Political Economy, 103(5), 1005-1038.

https://doi.org/10.1086/262011

This page describes a work published elsewhere. The summary, where present, states what the authors claim; it is not the school's position. Read the source before quoting a figure.