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Live or Let Die? Alternative Routes to Industry Exit

Greenaway, David; Gullstrand, Joakim LU and Kneller, Richard (2009) In Open Economies Review 20(3). p.317-337
Abstract
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.
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author
organization
publishing date
type
Contribution to journal
publication status
published
subject
in
Open Economies Review
volume
20
issue
3
pages
317 - 337
publisher
Springer
external identifiers
  • wos:000267542100002
  • scopus:67650242480
ISSN
1573-708X
DOI
10.1007/s11079-009-9112-1
language
English
LU publication?
yes
id
45e50af6-fac6-4f83-87e9-8addc0067c6b (old id 1387223)
date added to LUP
2009-04-20 12:27:25
date last changed
2017-07-30 04:04:38
@article{45e50af6-fac6-4f83-87e9-8addc0067c6b,
  abstract     = {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.},
  author       = {Greenaway, David and Gullstrand, Joakim and Kneller, Richard},
  issn         = {1573-708X},
  language     = {eng},
  number       = {3},
  pages        = {317--337},
  publisher    = {Springer},
  series       = {Open Economies Review},
  title        = {Live or Let Die? Alternative Routes to Industry Exit},
  url          = {http://dx.doi.org/10.1007/s11079-009-9112-1},
  volume       = {20},
  year         = {2009},
}