EconStor >
Zentrum für Europäische Wirtschaftsforschung (ZEW), Mannheim >
ZEW Discussion Papers >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/24391
  

Full metadata record

DC FieldValueLanguage
dc.contributor.authorAlmus, Matthiasen_US
dc.coverage.temporal1995-1998en_US
dc.date.accessioned2009-02-16T14:55:02Z-
dc.date.available2009-02-16T14:55:02Z-
dc.date.issued2000en_US
dc.identifier.urihttp://hdl.handle.net/10419/24391-
dc.description.abstractThis paper makes an empirical contribution to confirm the stylized fact that the performance of firms deteoriates in the years before exit. For this reason we evaluate whether market exits differ significantly in their employment development in the years before market drop-out compared to surviving firms that have been selected using a non-parametric matching approach. The matching approach allows to find a surviving firm for every market exit that does not differ in important characteristics measured at start-up. The comparison of the employment growth rates among the thus formed groups reveals that the matched surviving firms experience higher growth rates compared to their exiting counterparts up to three years before market exit. Moreover, we find support for the phenomenon called \shadow of death" sneaking around the corner. A considerable number of firms exiting from 1995 until 1998 has experienced continuing employment losses or at least an employment stagnation over several years before market exit.en_US
dc.language.isoengen_US
dc.publisherZentrum für Europäische Wirtschaftsforschung (ZEW) Mannheim-
dc.relation.ispartofseriesZEW Discussion Papers 00-44en_US
dc.subject.jelC14en_US
dc.subject.jelL21en_US
dc.subject.ddc330en_US
dc.subject.keywordNew Firmsen_US
dc.subject.keywordEmployment Growthen_US
dc.subject.keywordEvaluationen_US
dc.subject.keywordNon-Parametric Matchingen_US
dc.subject.stwMarktaustritten_US
dc.subject.stwKrisenmanagementen_US
dc.subject.stwUnternehmensgründungen_US
dc.subject.stwUnternehmensentwicklungen_US
dc.subject.stwBeschäftigungseffekten_US
dc.subject.stwErfolgsfaktoren_US
dc.subject.stwSchätzungen_US
dc.subject.stwDeutschlanden_US
dc.titleThe shadow of death: an empirical analysis of the pre-exit performance of young German firmsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn321216164en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:zewdip:5328-
Appears in Collections:ZEW Discussion Papers
Publikationen von Forscherinnen und Forschern des ZEW

Files in This Item:
File Description SizeFormat
dp0044.pdf310.06 kBAdobe PDF
No. of Downloads: Counter Stats
Show simple item record
Download bibliographical data as: BibTeX

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.