How Firms Survive in European Emerging Markets: A Survey

IF 1.3 4区经济学 Q3 ECONOMICS

Eastern European Economics Pub Date : 2022-07-13 DOI:10.1080/00128775.2022.2099422

E. Baumöhl, E. Kočenda

引用次数: 5

Abstract

ABSTRACT 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.

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企业如何在欧洲新兴市场生存:调查

我们调查了欧洲新兴市场企业生存及其决定因素的实证证据。我们证明(i)制度质量是所有经济部门中企业生存的重要预防因素，这对小型，中型和大型企业都适用。另一方面，(ii)财务绩效指标的影响低于预期。然而，(iii)其他公司层面的变量对公司生存起着更重要的作用，其中最重要的预防因素是有限责任公司的法律形式、大股东的数量和外国所有者的存在。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Eastern European Economics ECONOMICS-

CiteScore

2.20

自引率

9.10%

发文量

期刊介绍： Eastern European Economics publishes original research on the newly emerging economies of Central and Eastern Europe, with coverage of the ongoing processes of transition to market economics in different countries, their integration into the broader European and global economies, and the ramifications of the 2008-9 financial crisis. An introduction by the journal"s editor adds context and expert insights on the articles presented in each issue.