How Firms Survive in European Emerging Markets: A Survey

0564955 - ÚTIA 2023 RIV US eng J - Článek v odborném periodiku
Baumöhl, E. - Kočenda, Evžen
How Firms Survive in European Emerging Markets: A Survey.
Eastern European Economics. Roč. 60, č. 5 (2022), s. 393-417. ISSN 0012-8775. E-ISSN 1557-9298
Institucionální podpora: RVO:67985556
Klíčová slova: Firm survival * institutions * financial development * European emerging markets * survival and exit determinants * hazards model
Obor OECD: Applied Economics, Econometrics
Impakt faktor: 1.1, rok: 2022
Způsob publikování: Open access
http://library.utia.cas.cz/separaty/2022/E/kocenda-0564955.pdf https://www.tandfonline.com/doi/full/10.1080/00128775.2022.2099422

We survey the empirical evidence on corporate survival and its determinants in European emerging markets. We demonstrate that (i) institutional quality is a significant preventive factor for firm survival in all sectors of the economy, which holds for small, medium and large firms alike. On the other hand, (ii) the impact of financial performance indicators is lower than one would expect. However, (iii) other firm-level variables play more important roles in firm survival, and the most important preventive factors are the legal form of a limited liability company, the number of large shareholders, and the presence of a foreign owner.
Trvalý link: https://hdl.handle.net/11104/0337902