Abstract
This paper makes a comprehensive analysis of small and medium enterprises (SMEs)’ survival and its determinants based on a sample of 54,573 new-established small and medium-sized industrial enterprises in central China, which were founded during the period from 1998 to 2007. This study uses life table method and the log-logistic model. Through this analysis, the “liability of adolescence” hypothesis is confirmed by industrial enterprises in central China. Moreover, the research shows that the SMEs in larger-size and monopoly industries, located at less agglomerated regions, or of individual types, have better survival prospects. Furthermore, an explicit analysis implies that the SMEs of different technology intensity and monopoly level are characterized with different survival features. Key words: Duration models, organizational ecology, China, survival.
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