Table 4.

Life table for survival according to exit route by the year of foundation

	Year of entry
	2003				2004				2005				2006				2007				2008				2009				2010
		Exit events				Exit events				Exit events				Exit events				Exit events				Exit events				Exit events				Exit events
Interval	N	B	M	V	N	B	M	V	N	B	M	V	N	B	M	V	N	B	M	V	N	B	M	V	N	B	M	V	N	B	M	V
2003–2004	482	0	2	0
2004–2005	480	3	3	1	490	0	0	1
2005–2006	471	4	2	4	489	2	2	0	538	0	0	0
2006–2007	458	3	6	8	485	5	4	4	537	5	0	2	866	0	0	1
2007–2008	439	6	7	8	471	4	6	4	528	8	10	2	865	2	2	4	859	1	0	1
2008–2009	412	9	5	7	453	8	5	4	503	7	5	8	854	5	5	8	857	4	5	3	937	0	0	0
2009–2010	387	3	3	5	432	7	5	7	479	2	3	3	833	6	4	8	842	6	6	9	937	2	3	2	772	2	3	2
2010–2011	373	4	3	2	413	3	2	1	468	10	3	2	808	7	9	9	816	6	3	12	925	4	5	7	765	2	0	8	326	0	1	7
2011–2012	360	2	0	3	404	6	3	2	451	4	4	2	777	9	5	2	790	7	5	5	901	3	3	4	747	8	5	9	315	0	3	9
2012–2013	355	5	4	0	392	2	1	1	441	2	5	1	753	7	4	5	767	4	4	7	885	4	3	7	715	9	4	5	297	5	3	13

Note: N, B, M, and V indicate the numbers of firms at risk, bankrupt firms, merged firms, and voluntarily liquidated firms, respectively. Some observations are censored during the observation period. However, the numbers of censored observations are not reported in this table for limited space