Tesis para optar al grado de Magíster en Economía / We use a panel database of the universe of firms constructed from Chilean IRS, to
study the evolution of firms, in a sense of destruction, creation and survival. As expected,
larger and more productive firms are less likely to be destroyed; and (also as expected)
they are less likely to be created than smaller and less productive firms. However, when we
analyze young firms, the most succeded are those who made an important investment in his
first year of life, and the productivity will be relevant depending of the sector. So there’s
some evidence about the entrepreneurship and the stock of capital they make and how
is that related with his relevance in an emerging market. We have shown that “financial
dependence” has different meaning for smaller firms, as reflected in a significant difference
in sign of the corresponding parameter. For them it is an indicator of ”financial constraint”
and acts in our regressions as a predictor of firm destruction, also a stronger predictor of
firm creation smaller firms, acting like a “financial access”. but does not affect the chances
of survive.
| Identifer | oai:union.ndltd.org:UCHILE/oai:repositorio.uchile.cl:2250/147249 |
| Date | 01 1900 |
| Creators | Menares Salas, Felipe |
| Contributors | Landerretche Moreno, Oscar |
| Publisher | Universidad de Chile |
| Source Sets | Universidad de Chile |
| Language | English |
| Detected Language | English |
| Type | Tesis |
| Rights | Attribution-NonCommercial-NoDerivs 3.0 Chile, http://creativecommons.org/licenses/by-nc-nd/3.0/cl/ |
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