Live or Let Die? Alternative Routes to Industry Exit

被引:17
作者
Greenaway, David [1 ]
Gullstrand, Joakim [2 ]
Kneller, Richard [1 ]
机构
[1] Univ Nottingham, Nottingham NG7 2RD, England
[2] Lund Univ, Lund, Sweden
关键词
Firm exit; Productivity; Resource reallocation; FOREIGN DIRECT-INVESTMENT; MANUFACTURING PLANTS; UNITED-KINGDOM; FIRM DYNAMICS; PRODUCTIVITY; SURVIVAL; GROWTH; ENTRY; TRADE; WAGE;
D O I
10.1007/s11079-009-9112-1
中图分类号
F [经济];
学科分类号
02 ;
摘要
Each year around 8% of Swedish manufacturing firms leave an industry. Of the exit routes available, the least likely is firm closure. Firms are more likely to merge, become acquired or switch to a new industry. We investigate the importance of a range of firm and industry characteristics for the exit decision of Swedish firms from 1980-1996. From our analysis two patterns are evident. First, firms that close down appear to be the most distinct compared to those that remain within the sector. Second the same characteristics can have quite different associations with different exit strategies.
引用
收藏
页码:317 / 337
页数:21
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