Check this, Ioannis Ioannou, George Serafeim (2010) What Drives Corporate Social Performance? International Evidence from Social, Environmental and Governance Scores

http://www.hbs.edu/faculty/Publication%20Files/11-016.pdf

Hi, 

you can look through dynamic capabilities literature. The main idea of the concept of dynamic capabilities is to show how firms can survive in dynamic markets (the "lighter" version: hwo firm can retain theit competitve advantage). 

Best,

Yevgen

I am re-writing my methodology on the predictability of business failure using an A Scoring technique. The outline I will put in my next reply as it is not yet ready for publication.

I recommend to use duration models such as Cox model, Weibull distributed duration model or mass point models.

Dear all,

Thanks for all insight and references here. Actually i have so many articles about firm survival but most of them measures firm survival with binary or Hazard Cox Model. Unfortunately, my thesis is a behavioural study so i need perceptual measurement of firm survival. Besides, using an objective data (for binary or Hazard Cox Model) is quite difficult in Indonesia.

My last chance is using perceptual measurement from Naidoo (2010) for firm survival in economic crisis by changing the context from economic crisis to competition to make it more general. But still, will be really helpful if there is a perceptual measurement for firm survival in general context. Again, thanks.