Family firms aged between 1 and 3 years totaled 19.8% and 17.5% for non-family.
The results in the relationship between firm age and international market involvement were unexpected: while a positive relationship between firm age and information market involvement was predicted, the younger apparel retailers showed a higher probability of international market involvement.
Numerous studies reveal the negative relationship between firm age and firm's mortality rates.
The odds ratio (OR) [confidence interval (CI) 95%%] between firm age and international market involvement is 0.934 (95 % CI 0.888 0.981), indicating that when firm age increased, the odds of the firm's international market involvement decreased by 0.934 times.
H2, which predicted that the older is, the higher its probability of international market involvement, is statistically supported by the data (β = −0.069., p < 0.01), but the direction between firm age and international market involvement is directly opposite to what we anticipated.
"Once we control for firm age, there is no systematic relationship between firm size and growth," the authors conclude.
Audretsch et al. (2001) also analyze the connection between wages, productivity and firm age in Netherlands, and obtain similar findings.
Finally, to control the relationship between entrepreneurial engagement and explanatory variables, we used firm age (0 for firms less than 10 years and 1 for firms existed for 10 and more years) and firm size (0 assigned for firms with 10 or more workers and 1 for firms with less than 10 workers).
This paper explores the relationship between innovation and the survival probability of manufacturing firms in the Netherlands, conditional on firm age and size.
However, there was a small but significant correlation between years of firm operation and firm performance suggesting that firm performance increases with firm age (Haltiwanger et al. 1999).
