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Indian Journal of Finance

ISSN: 0973-8711 Frequency: Monthly Peer Review: Double-blind Published since: 2007 Language: English
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Original Article

Open Access Original Article

Impact of Sector and Region on Survival and Closure

Brajaballav Kar1,  Piyusa Pritiparnna Das2

1 Associate Professor, School of Management, KIIT Deemed to be University, Patia - 751 024, Bhubaneshwar, Odisha

2 Assistant Professor, Marketing, School of Management, KIIT Deemed to be University, Patia - 751 024, Bhubaneshwar, Odisha

Volume 16
Issue 2
Pages 8–23
Year 2022
Received: May 15, 2021 Accepted: Jan. 30, 2022 Published: Feb. 14, 2022
Abstract

The objective of the study was to explore the mortality of companies across sectors and regions in India. Using a public dataset available from the Ministry of Corporate Affairs of India, we explored the survival and closure age distribution of Indian companies, specifically the variation of closure across different sectors and regions. First, the study found that the age distribution of companies’ surviving and closed had no significant difference. Secondly, the closure age distributions of different sectors and regions had significant differences. The number of companies and the span of ages is sufficiently large to claim the generalizability of the findings for India. The article contributes to the literature by extending the industry life cycle theory.

Keywords Firm Age Survival Mortality Life Cycle Theory
How to Cite

Brajaballav Kar, Piyusa Pritiparnna Das (2022). Impact of Sector and Region on Survival and Closure. Indian Journal of Finance, 16(2), 8–23. https://doi.org/10.17010/ijf/2022/v16i2/160397

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