Berkshire Hathaway, among history's largest and most successful corporations, shuns middlemen; its chairman, the legendary investor Warren Buffett, excoriates financial intermediaries. The acquisitive conglomerate rarely borrows money, retains brokers, or hires consultants. Its governance is...

Micro-sized Enterprise is the most common path for undertaking a business in Mexico and a fundamental part of the economic structure of the country. Previous studies reported high mortality rates in this kind of business. The purpose of this paper is to analyze the survival behavior of...