Managerial tenure, business age, and small business turnover

Thomas J. Holmes, James A. Schmitz

Research output: Contribution to journalArticlepeer-review

36 Scopus citations

Abstract

This article explores a Census Bureau survey of the small business sector the 1982 Characteristics of Business Owners survey, which contains information on both small businesses and the managers running them. A number of patterns are documented. For example, among small businesses of the same age, the probability that a business fails and the probability that a business is sold are both initially decreasing in the tenure of the manager at the business. Among businesses with managers who have the same tenure at their business, the probability that a business fails is decreasing in the age of the business.

Original languageEnglish (US)
Pages (from-to)79-99
Number of pages21
JournalJournal of Labor Economics
Volume14
Issue number1
DOIs
StatePublished - Jan 1 1996

Fingerprint

Dive into the research topics of 'Managerial tenure, business age, and small business turnover'. Together they form a unique fingerprint.

Cite this