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Firm survival in new EU member states

Baumöhl, Eduard ; Iwasaki, Ichiro ; Kočenda, Evžen


We analyze firm survival determinants in four new European Union member states (the Czech Republic, Hungary, Poland and Slovakia). We employ the Cox proportional hazards model on firm-level data for the period of 2006-2015. We show that in all four countries, less concentrated control of large shareholders, higher solvency and more board directors are linked with an increased probability of firm ...


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