Relevance, evolution and trends of business survival. A review of the literature in finance
DOI:
https://doi.org/10.22267/rtend.222302.223Keywords:
acquisitions, finance, merger of companies, investment, financial marketAbstract
The objective of this article is to present a literature review that shows the relevance, evolution, and trends on scientific production related to business survival identified in the Web of Science and Scopus databases between 1973 and 2020. For the records obtained, a a network analysis based on graph theory, applying tools such as R, bibliometrix and Gephi that allow identifying the importance of the topic and building the theoretical evolution of its approach using the algorithms of the Tree of Science (TOS) tool, with which seminal, structural documents and trends are identified, through clustering analysis. The results show four subareas of survival analysis: from entrepreneurship, strategies and the influence of innovation, the variables that influence it and the type of exit on the stock market.
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References
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(20) Cefis, E. & Marsili, O. (2006). Survivor: The role of innovation in firms survival. Research Policy, 35(5), 626-641. https://doi.org/10.1016/J.RESPOL.2006.02.006
(21) Cepec, J. & Grajzl, P. (2020). Debt-to-equity conversion in bankruptcy reorganization and post-bankruptcy firm survival. International Review of Law and Economics, 61, 105878. https://doi.org/10.1016/j.irle.2019.105878
(22) Choi, Y. J., Kim, J. Y. & You, M. H. (2020). Radius restriction and firms’ survival: evidence from the coffee franchise industry. Contemporary Economic Policy, 38(3), 496-514. https://doi.org/10.1111/coep.12458
(23) Covin, J. G. & Slevin, D. P. (1989). Strategic management of small firms in hostile and benign environments. Strategic Management Journal, 10(1), 75-87. https://doi.org/10.1002/smj.4250100107
(24) Cox, D. (1972). Regression Models and Life-Tables. Journal of the Royal Statistical Society, Series B (Methodological), 34(2), 187-220. https://www.jstor.org/stable/2985181?seq=1
(25) Cox, J. C., Ross, S. A. & Rubinstein, M. (1979). Option pricing: A simplified approach. Journal of Financial Economics, 7(3), 229-263. https://doi.org/10.1016/0304-405X(79)90015-1
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(28) Demirtas, G. & Simsir, S. A. (2016). The effect of CEO departure on target firms’ post-takeover performance: Evidence from not-delisting target firms. Finance Research Letters, 16, 55-65. https://doi.org/10.1016/j.frl.2015.10.012
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(30) Dutta, D., Gupta, V. & Chen, X. (2016). A Tale of Three Strategic Orientations: A Moderated-Mediation Framework of the Impact of Entrepreneurial Orientation, Market Orientation, and Learning Orientation on Firm Performance. Journal of Enterprising Culture, 24(03), 313-348. https://doi.org/10.1142/s0218495816500126
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(32) Feng, C., Patel, P. C. & Xiang, K. (2020). The well-trodden path: Complementing market and entrepreneurial orientation with a strategic emphasis to influence IPO survival in the United States. Journal of Business Research, 110, 370-385. https://doi.org/10.1016/j.jbusres.2020.01.065
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Published
2023-01-01
How to Cite
Zuluaga Arango, P., Useche Rincón, D., & Rojas Berrio, S. P. (2023). Relevance, evolution and trends of business survival. A review of the literature in finance. Tendencias, 24(1), 252–278. https://doi.org/10.22267/rtend.222302.223
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