The Determinants of Firm Exit in Japanese Manufacturing Industries
β Scribed by Noriyuki Doi
- Book ID
- 110258989
- Publisher
- Springer US
- Year
- 1999
- Tongue
- English
- Weight
- 33 KB
- Volume
- 13
- Category
- Article
- ISSN
- 0921-898X
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π SIMILAR VOLUMES
This paper focuses on entry of small firms in the manufacturing industries. It is argued that the exit option can be viewed as an insurance against risks of failure, increasing the likelihood of entry in an uncertain environment; the result is implicit in recent stochastic models of competition and
This paper examines whether the determination of employment differs between large and small firms. An employment equation is estimated on panel data of 67 (35) three-digit industries in Dutch manufacturing (1974)(1975)(1976)(1977)(1978)(1979)(1980)(1981)(1982)(1983)(1984)(1985)(1986). The conclusion