Duration Analysis of Firms – Cohort Tables and Hazard Function

Iwona Markowicz


The aim of this study is to identify the survival process of a cohort of firms. I propose my original systematic approach to the methods for analysing the firms’ vitality (statistical and econometric study on the cohorts of firms). I obtained the research data from 59587 economic entities established in the Zachodniopomorskie voivodeship (Poland) in 2009-2011. As a result I found out that the intensity function of firms’ liquidation take a typical inverted U-shape.



Duration tables, firms, hazard (intensity), modelling duration.

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DOI: http://dx.doi.org/10.18533/ijbsr.v5i11.879


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