What drives survival of urban firms? An asset-based approach in Korea

References

• Acs, Z. J., Armington, C., & Zhang, T. (2007). The determinants of new-firm survival across regional economies: The role of human capital stock and knowledge spillover. Papers in Regional Science, 86(3), 367–391.
   Web of Science ®Google Scholar
• Agarwal, R., & Audretsch, D. B. (2001). Does entry size matter? The impact of the life cycle and technology on firm survival. The Journal of Industrial Economics, 49, 21–43.
   Web of Science ®Google Scholar
• Agarwal, R., & Gort, M. (2002). Firms and product life cycles and firm survival. American Economic Review, 92(2), 184–190.
   Web of Science ®Google Scholar
• Anselin, L. (1995). Local indicators of spatial association-LISA. Geographical Analysis, 27, 93–115.
   Web of Science ®Google Scholar
• Audretsch, D. B., & Mahmood, T. (1995). New firm survival: New results using a hazard function. The Review of Economics and Statistics, 77(1), 97–103.
   Web of Science ®Google Scholar
• Audretsch, D., Santarelli, E., & Marco, V. (1999). Start-up size and industrial dynamics: Some evidence from Italian manufacturing. International Journal of Industrial Organization, 17, 965–983.
   Web of Science ®Google Scholar
• Ayala, J.-C., & Manzano, G. (2014). The resilience of the entrepreneur: Influence on the success of the business: A longitudinal analysis. Journal of Economic Psychology, 42, 126–135.
   Web of Science ®Google Scholar
• Basile, R., Pittiglio, R., & Reganati, F. (2017). Do agglomeration externalities affect firm survival? Regional Studies, 51(4), 548–562.
   Web of Science ®Google Scholar
• Bercovitz, J., & Mitchell, W. (2007). When is more better? The impact of business scale and scope on long-term business survival, while controlling for profitability. Strategic Management Journal, 28(1), 61–79.
   Web of Science ®Google Scholar
• Braunerhjelm, P., & Borgman, B. (2004). Geographical concentration, entrepreneurship, and regional growth: Evidence from regional data in Sweden 1975-1999. Regional Studies, 38, 929–947.
   Web of Science ®Google Scholar
• Brown, L., & Greenbaum, R. T. (2017). The role of industrial diversity in economic resilience: An empirical examination across 35 years. Urban Studies, 54(6), 1347–1366.
   Web of Science ®Google Scholar
• Buddelmeyer, H., Jensen, P. H., & Webster, E. (2010). Innovation and the determinants of company survival. Oxford Economic Papers, 62, 261–285.
   Web of Science ®Google Scholar
• Buliga, O., Scheiner, C. W., & Voigt, K.-I. (2016). Business model innovation and organizational resilience: Towards an integrated conceptual framework. Journal of Business Economics, 86, 647–670.
   Google Scholar
• Busan Metropolitan City. (2011). The 2030 Masterplan for Busan. Retrieved April 12, 2016 from: www.busan.go.kr/04ocean/0404future/07_08.jsp
   Google Scholar
• Cader, H. A., & Leatherman, J. C. (2011). Small business survival and sample selection bias. Small Business Economics, 37, 155–165.
   Web of Science ®Google Scholar
• Cheng, S., & Li, H. (2011). Spatially varying relationships of new firm formation in the United States. Regional Studies, 45, 773–789.
   Web of Science ®Google Scholar
• Christie, T., & Sjoquist, D. L. (2012). New business survival in Georgia: Exploring the determinants of survival using regional level data. Growth and Change, 43(1), 110–142.
   Web of Science ®Google Scholar
• Chun, K. K. (2016). An analysis of the decline of inner city industrial estates with a survival model: Focused on the characteristics of exit firms from Daegu Seongseo Industrial Estate. Journal of Korea Planning Association, 51(1), 45–61. (in Korean).
   Google Scholar
• Chung, S. (2016). Assessing the regional business cycle asymmetry in a multi-level structure framework: A study of the top 20 US MSAs. The Annals of Regional Science, 56, 229–252.
   Web of Science ®Google Scholar
• Ciccone, A., & Hall, R. E. (1996). Productivity and the density of economic activity. American Economic Review, 86, 54–70.
   Web of Science ®Google Scholar
• Cleves, M., Gould, W., Gutierrez, R. G., & Marchenko, Y. V. (2010). An introduction to survival analysis using Stata. College Station: A Stata Press.
   Google Scholar
• de Jong, J. P. T., & Marsili, O. (2015). Founding a business inspired by close entrepreneurial ties: Does it matter for survival? Entrepreneurship Theory and Practice, 39, 1005–1025.
   Web of Science ®Google Scholar
• Delfmann, H., & Koster, S. (2016). The effect of new business creation on employment growth in regions facing population decline. The Annals of Regional Science, 56, 33–54.
   Web of Science ®Google Scholar
• Disney, R., Haskel, J., & Heden, Y. (2003). Entry, exit and establishment survival in UK manufacturing. The Journal of Industrial Economics, 51, 91–112.
   Web of Science ®Google Scholar
• Drennan, M. P. (2018). Do agglomeration economies decay over short distance? Are they stable in the face of shocks? Evidence from Manhattan. International Journal of Urban Sciences, 22, 1–16.
   Web of Science ®Google Scholar
• Emery, M., Fey, S., & Flora, C. (2006). Using community capitals to develop assets for positive community change. CD Practice (Promoting Principles of Good Practice, 13, 1–19.
   Google Scholar
• Esteve-Pérez, S., & Mañez-Castillejo, J. A. (2008). The resource-based theory of the firm and firm survival. Small Business Economics, 30, 231–249.
   Web of Science ®Google Scholar
• Falck, O. (2007). Survival chances of new businesses: Do regional conditions matter? Applied Economics, 39(16), 2039–2048.
   Web of Science ®Google Scholar
• Fang, L. (2019). Manufacturing clusters and firm innovation. Economic Development Quarterly, 33(1), 6–18.
   Web of Science ®Google Scholar
• Fiksel, J. (2015). Resilient by design: Creating businesses that adapt and flourish in a changing world. London: Island Press.
   Google Scholar
• Flora, C., Flora, J., & Fey, S. (2004). Rural communities: Legacy and change. Boulder, CO: Westview Press.
   Google Scholar
• Forsyth, G. D. (2005). A note on small business survival rates in rural areas: The case of Washington state. Growth and Change, 36(3), 428–440.
   Web of Science ®Google Scholar
• Garmestani, A. S., Allen, C. R., Mittelstaedt, J. D., Stow, C. A., & Ward, W. A. (2006). Firm size diversity, functional richness, and resilience. Environment and Development Economics, 11, 533–551.
   Web of Science ®Google Scholar
• Geroski, P. A., Mata, J., & Portugal, P. (2010). Founding conditions and the survival of new firms. Strategic Management Journal, 31, 510–529.
   Web of Science ®Google Scholar
• Headd, B. (2003). Redefining business success: Distinguishing between closure and failure. Small Business Economics, 21, 51–61.
   Web of Science ®Google Scholar
• Hong, S. H. (2014). Agglomeration and relocation: Manufacturing plant relocation in Korea. Papers in Regional Science, 93(4), 803–818.
   Web of Science ®Google Scholar
• Jensen, P. H., Webster, E., & Buddelmeyer, H. (2008). Innovation, technological conditions and new firm survival. Economic Record, 84, 434–448.
   Web of Science ®Google Scholar
• Johansson, B., & Quigley, J. M. (2004). Agglomeration and networks in spatial economies. Papers in Regional Science, 83(1), 165–176.
   Web of Science ®Google Scholar
• Kickert, C., & vom Hofe, R. (2018). Critical mass matters: The long-term benefits of retail agglomeration for establishment survival in downtown Detroit and The Hague. Urban Studies, 55(5), 1033–1055.
   Web of Science ®Google Scholar
• Kim, C. B., & Nam, J. H. (2008). The determinants of industry credit risk. International Area Studies Review, 12, 95–116.
   Google Scholar
• Kim, H., Woosnam, K. M., Marcouiller, D. W., Aleshinloye, K. D., & Choi, Y. (2015). Residential mobility, urban preference, and human settlement: A South Korean case study. Habitat International, 49, 497–507.
   Web of Science ®Google Scholar
• Klepper, S., & Simon, K. L. (2000). The making of an oligopoly: Firm survival and technological change in the evolution of the U. S. tire industry. Journal of Political Economy, 108, 728–760.
   Web of Science ®Google Scholar
• Korunka, C., Kessler, A., Frank, H., & Lueger, M. (2010). Personal characteristics, resources, and environment as predictors of business survival. Journal of Occupational and Organizational Psychology, 83, 1025–1051.
   Web of Science ®Google Scholar
• Lee, D. (2017). Industrial variety and structural change in Korean regional manufacturing, 1992-2004. Growth and Change, 48, 246–264.
   Web of Science ®Google Scholar
• Lim, J., & Won, D. (2020). How Las Vegas’ tourism could survive an economic crisis? Cities, 100, 102643.
   Web of Science ®Google Scholar
• Lin, P.-C., & Huang, D.-S. (2008). Technological regimes and firm survival: Evidence across sectors and over time. Small Business Economics, 30, 175–186.
   Web of Science ®Google Scholar
• Low, S. A., & Brown, J. P. (2017). Manufacturing plant survival in a period of decline. Growth and Change, 48, 297–312.
   Web of Science ®Google Scholar
• Mack, E. A., & Credit, K. (2019). New business activity and employment dynamics in the inner city: The case of Phoenix, Arizona. Urban Affairs Review, 55(2), 530–557.
   Web of Science ®Google Scholar
• Malizia, E. E., & Feser, E. J. (2000). Understanding local economic development. New Brunswick, NJ: Center for Urban Policy Research.
   Google Scholar
• Maoh, H., & Kanaroglou, P. (2013). Modelling firm failure: Towards building a firmographic microsimulation model. In F. Pagliara, M. de Bok, D. Simmonds, & A. Wilson (Eds.), Employment location in cities and regions: Models and applications (pp. 243–261). Heidelberg: Springer.
   Google Scholar
• Martin, R., & Sunley, P. (2015). On the notion of regional economic resilience: Conceptualization and explanation. Journal of Economic Geography, 15, 1–42.
   Web of Science ®Google Scholar
• Mas-Verdú, F., Ribeiro-Soriano, D., & Roig-Tierno, N. (2015). Firm survival: The role of incubators and business characteristics. Journal of Business Research, 68, 793–796.
   Web of Science ®Google Scholar
• Mata, J., & Portugal, P. (1994). Life duration of new firms. The Journal of Industrial Economics, 42(3), 227–245.
   Web of Science ®Google Scholar
• Nickell, P., Perraudin, W., & Varotto, S. (2000). Stability of rating transitions. Journal of Banking and Finance, 24, 203–228.
   Web of Science ®Google Scholar
• Porter, M. (1997). New strategies for inner city economic development. Economic Development Quarterly, 11, 11–27.
   Web of Science ®Google Scholar
• Porter, M. E. (2000). Locations clusters and company strategy. In G. L. Clark, M. S. Gertler, & M. P. Feldman (Eds.), The Oxford handbook of economic geography (pp. 253–274). Oxford: Oxford University Press.
   Google Scholar
• Power, B., Doran, J., & Ryan, G. (2019). The effect of agglomeration economics on firm deaths: A comparison of firm and regional based approaches. Urban Studies, 56(16), 3358–3374.
   Web of Science ®Google Scholar
• Ray, D. M., MacLachlan, I., Lamarche, R., & Srinath, K. P. (2017). Economic shock and regional resilience: Continuity and change in Canada’s regional employment structure, 1987-2012. Environment and Planning A, 49, 952–973.
   Web of Science ®Google Scholar
• Renski, H. (2011). External economies of localization, urbanization and industrial diversity and new firm survival. Papers in Regional Science, 90, 473–502.
   Web of Science ®Google Scholar
• Renski, H. (2015). Externalities or experience? Localization economies and start-up business survival. Growth and Change, 46, 458–480.
   Web of Science ®Google Scholar
• Scott, A. J., & Storper, M. (2003). Regions, globalization, development. Regional Studies, 37(6&7), 579–593.
   Web of Science ®Google Scholar
• Segarra, A., & Callejón, M. (2002). New firms’ survival and market turbulence: New evidence from Spain. Review of Industrial Organization, 20(1), 1–14.
   Web of Science ®Google Scholar
• Shaffer, R., Deller, S., & Marcouiller, D. (2006). Rethinking community economic development. Economic Development Quarterly, 20(1), 59–74.
   Web of Science ®Google Scholar
• Slaper, T., Harmon, K. M., & Rubin, B. M. (2018). Industry clusters and regional economic performance: A study across U.S. Metropolitan statistical areas. Economic Development Quarterly, 32(1), 44–59.
   Web of Science ®Google Scholar
• Sleutjes, B., Van Oort, F., & Schutjens, V. (2012). A place for area-based policy? The survival and growth to local firms in Dutch residential neighborhoods. Journal of Urban Affairs, 34, 533–558.
   Web of Science ®Google Scholar
• Staber, U. (2001). Spatial proximity and firm survival in a declining industrial district: The case of knitwear firms in Baden-Württemberg. Regional Studies, 35(4), 329–341.
   Web of Science ®Google Scholar
• Theyel, G., Hofmann, K., & Gregory, M. (2018). Understanding manufacturing location decision making: Rationales for retaining, offshoring, reshoring, and hybrid approaches. Economic Development Quarterly, 32(4), 300–312.
   Web of Science ®Google Scholar
• Thisse, F. F., & Fujita, M. (2002). Economics of agglomeration. Cambridge: Cambridge University Press.
   Google Scholar
• Tsvetkova, A., Thill, J.-C., & Strumsky, D. (2013). Regional innovative environment and business survival: Non-parametric evidence from two U.S. sectors. Studies in Regional Science, 43(1), 105–131.
   Google Scholar
• Tsvetkova, A., Thill, J.-C., & Strumsky, D. (2014). Metropolitan innovation, firm size, and business survival in a high-tech industry. Small Business Economics, 43, 661–676.
   Web of Science ®Google Scholar
• Tveterås, R., & Eide, G. E. (2000). Survival of new plants in different industry environment in Norwegian manufacturing: A semi-proportional cox model approach. Small Business Economics, 14, 65–82.
   Web of Science ®Google Scholar
• Westeren, K. I. (2012). ). Foundations of the knowledge economy: Innovation, learning, and clusters. Northhampton, MA: Edward Elgar Publishing.
   Google Scholar
• Westeren, K. I., Cader, H., Sales, M., Similä, J., & Staduto, J. (2018). Competitiveness and knowledge: An international comparison of traditional firms. London: Routledge.
   Google Scholar
• Yi, Y. (2018). Firm relocation and age-dependent reliance on agglomeration externalities. The Annals of Regional Science, 61(2), 439–456.
   Web of Science ®Google Scholar
• Zhang, S., & Du, R. (2020). How does urban agglomeration integration promote entrepreneurship in China? Evidence form regional human capital spillovers and market integration. Cities, 97, 102529.
   Web of Science ®Google Scholar