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 The effect of crises on firm exit and the moderating effect of firm size
Please use this identifier to cite or link to this item http://hdl.handle.net/10773/6374

title: The effect of crises on firm exit and the moderating effect of firm size
authors: Varum, Celeste Amorim
Rocha, Vera Catarina
keywords: survival
hazard
firm size
crisis
manufacturing
Portugal
issue date: Jan-2012
publisher: Elsevier
abstract: 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.
URI: http://hdl.handle.net/10773/6374
ISSN: 0165-1765
publisher version/DOI: dx.doi.org/10.1016/j.econlet.2011.09.015
source: Economics Letters
appears in collectionsDEGEI - Artigos

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