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Startup firms usually have lower survival probabilities. For startup firms, initial founding conditions are intrinsic characters that may directly influence their survival probabilities. This study aims to examine the effects of initial conditions on a new business's survival probability, using a sample of Taiwan's securities firms. We adopt event history analysis to explore the relationship between survival probability and initial conditions, including initial scale, entry timing, and equity network support at founding. Empirical results support all hypotheses.

The Relationship between Initial Conditions and Organizational Survival: An Empirical Examination of Taiwan’s Securities Firms