Coad, Alex; Storey, David J; Roberts, Richard G; … - Institut d'Economia de Barcelona (IEB), Facultat … - 2013
growth and survival of 6247 new ventures that are tracked using the customer records at Barclays Bank. We put forward Gambler’s … Ruin as a simple theory for understanding new venture growth and survival. Gambler’s Ruin predicts that the R2 remains low …