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Survival of the fittest: tourism exposure and firm survival
Caires, Filipe B.; Reis, Hugo; Rodrigues, Paulo M. M.In this article, a discrete-time hazard model to study firm survival in the Portuguese Tourism sector is estimated. This sector has experienced a remarkable performance over the last decades. Results show that when compared to other sectors, tourism firms are more likely to exit: (i) if they are young (less than 10 years of existence); and (ii) if they belong to the group of worse performers (i.e. belong to the...
Date: 2023
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Origin: Veritati - Repositório Institucional da Universidade Católica Portuguesa