The Effect of Crises on Firm Exit and the Moderating Effect of Firm Size

Celeste Varum, Vera Rocha

Publikation: Bidrag til tidsskriftTidsskriftartikelpeer review

Abstrakt

The liability of smallness assumption suggests that smaller firms face higher exit risks. However, does it apply during crises? We show that during downturns size reduces firms’ exit risk by less; the hazard rate increases more rapidly in size.
OriginalsprogDansk
TidsskriftEconomics Letters
Vol/bind114
Udgave nummer1
Sider (fra-til)94-97
Antal sider4
ISSN0165-1765
DOI
StatusUdgivet - jan. 2012
Udgivet eksterntJa

Emneord

  • Survival
  • Hazard
  • Firm Size
  • Crisis
  • Manufacturing
  • Portugal

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