Informational value of intellectual capital and survival of French technology firms on the long term
Résumé
This paper investigates the determinants of survival for French high technology firms that have gone public at the Euronext stock exchange from 1996 through 2004. Conducting survival analyses using logit regressions, Kaplan Meier and Cox methodologies, the current research proves that the intellectual capital quality improves the survival profiles of IPO firms. This quality capital seems more useful to predict the survival or failure of French high technology firms compared to classic explanatory variables of the literature.