The effect of crises on firm exit and the moderating effect of firm size

被引：28

作者：

Varum, Celeste Amorim ^{[1
]}

Rocha, Vera Catarina ^{[1
]}

机构：

[1] Univ Aveiro, Dept Econ Management & Ind Engn, GOVCOPP, P-3810193 Aveiro, Portugal

来源：

ECONOMICS LETTERS | 2012年 / 114卷 / 01期

关键词：

Survival; Hazard; Firm size; Crisis; Manufacturing; Portugal; SURVIVAL; BEHAVIOR; GROWTH;

D O I：

10.1016/j.econlet.2011.09.015

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

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. (C) 2011 Elsevier B.V. All rights reserved.

引用

页码：94 / 97

页数：4

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