0523038 20240103223853.020200317235959.9 85081007454 000528016100002 10.1016/j.ecosys.2020.100743 22 s. P cav_un_epca*02900620939-362544Elsevier firm survival new EU member states survival and exit determinants hazards model cav_un_auth*0359155 33 Baumöhl E. SK K cav_un_auth*0390681 33 Iwasaki I. JP S cav_un_auth*0312139 Department of Econometrics 34 Kočenda Evžen UTIA-B Ekonometrie Department of Econometrics E E CZ A Ústav teorie informace a automatizace AV ČR, v. v. i. http://library.utia.cas.cz/separaty/2020/E/kocenda-0523038.pdf https://www.sciencedirect.com/science/article/pii/S093936251830075X 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 over the period of 2006 to 2015. We show that less concentrated control of large shareholders, higher solvency, and more board directors are linked with increased probability of firm survival in all four countries. However, an excessive number of board directors shows a detrimental effect. Firms with foreign owners and higher returns on their assets exhibit better survival chances. Conversely, larger firms and those hiring international auditors show lower probabilities of survival. A number of determinants specifically influence firm survival in different ways across countries. This fact emphasizes that country differences are important when studying firm survival. We also document that in an economic sense, determinants associated with the legal form, ownership structure and corporate governance show the most beneficial effects with respect to firm survival. 2021 AH WOS 50000 50200 50206 3 RVO:67985556 http://hdl.handle.net/11104/0307876 1 S 100743 1 Article Economics A ECONOMICS 3.182 0.472 6.2 0.00155 0.721 1425 58 0.892 54.38 3.05 384 Q2 3.130 53 Q1 43.237 77 Q3 Q2 0.98 Q1 76.995 2020 85081007454 SCOPUS PUBMED 000528016100002 WOS cav_un_epca*0290062 Economic Systems 0939-3625 1878-5433 Roč. 44 č. 1 2020 Elsevier