NEW SMALL FIRM SURVIVAL IN THE UK

This paper examines the survival of 622 small and micro firms in the UK established between 1990 and 2001. In contrast to the previous research, we consider a wide range of human capital, strategy and industry variables. Our results suggest that founder's education and bank finance impact positively on firm survival. However, we found that firms which compete on price or are financially constrained are much less likely to survive.