Modeling of the entrepreneurial survival equation of medellín's industrial sector

Abstract

Introduction. The intention of this work is to invetigate the probability of survival of the new companies created in the Medellín Industrial sector between the years 2000 and 2010. Also to highlight some determinants of the factors of success in the consolidation and acceptance of companies in the Market, in the time lapses immediately following their gestation. Objective. Calculate the cumulative survival rate of companies belonging to the Industrial sector of the city of Medellín created in the period between 2000 and 2010. Considering the size, legal nature and industrial sector to which it is circumscribed. Materials and methods. To account for the objective was used the survival function in a certain period shows the percentage of companies alive after a certain number of periods after their appearance. The risk function shows the percentage of companies closing t periods of time after its birth. Results. The risk of disappearance of a company decreases as the antiquity increases, additionally, is smaller in companies that are born with a larger or big size. The creation of companies is greater among the smaller ones, but present higher mortality rates in the first years of life. The survival of new companies is positively related to their size at birth.