Format:
1 Online-Ressource (circa 31 Seiten)
,
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Series Statement:
Policy research working paper 9239
Content:
This paper estimates the survival time of nearly 7,000 firms in a dozen high-income and middle-income countries in a scenario of extreme economic distress, using the World Bank's Enterprises Surveys. Under the assumption that firms have no incoming revenues and cover only fixed costs, the median survival time across industries ranges within 8 to 19 weeks, while on average firms have liquidity to survive between 12 and 38 weeks. Schumpeter's theory of creative destruction is not corroborated in the data, as potential exit is not predicated on the size of firms, their age, or their productivity
Additional Edition:
Erscheint auch als Druck-Ausgabe Bosio, Erica Survival of Firms during Economic Crisis Washington, D.C : The World Bank, 2020
Language:
English
Keywords:
Graue Literatur
;
Arbeitspapier
;
Graue Literatur
DOI:
10.1596/1813-9450-9239
URL:
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