• ISSN: 2301-3567
    • Frequency: Quarterly (2013-2014); Monthly (Since 2015)
    • DOI: 10.18178/JOEBM
    • Editor-in-Chief: Prof. Eunjin Hwang
    • Executive Editor: Ms Jessica C. Xiao
    • Abstracting/ Indexing: DOAJ, Engineering & Technology Library,  Electronic Journals Library, Ulrich's Periodicals Directory, MESLibrary, Google Scholar, Crossref, and ProQuest.
    • E-mail: joebm@ejournal.net
JOEBM 2015 Vol.3(3): 319-321 ISSN: 2301-3567
DOI: 10.7763/JOEBM.2015.V3.202

The Relationship between Initial Conditions and Organizational Survival: An Empirical Examination of Taiwan’s Securities Firms

Hsien-Jui Chung and Wei-Wan Liao
Abstract—Startup firms usually have lower survival probabilities. For startup firms, initial founding conditions are intrinsic characters that may directly influence their survival probabilities. This study aims to examine the effects of initial conditions on a new business’s survival probability, using a sample of Taiwan’s securities firms. We adopt event history analysis to explore the relationship between survival probability and initial conditions, including initial scale, entry timing, and equity network support at founding. Empirical results support all hypotheses.

Index Terms—Initial condition, survival probability, securities industry.

Hsien-Jui Chung is with the National Chung Cheng University, Taiwan (R.O.C.) (e-mail: hjchung@ccu.edu.tw).

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Cite: Hsien-Jui Chung and Wei-Wan Liao, "The Relationship between Initial Conditions and Organizational Survival: An Empirical Examination of Taiwan’s Securities Firms," Journal of Economics, Business and Management vol. 3, no. 3, pp. 319-321, 2015.

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