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dc.contributor.authorWestergård-Nielsen, Niels C.en_US
dc.contributor.authorNeamtu, Ioanaen_US
dc.date.accessioned2012-07-10en_US
dc.date.accessioned2012-09-14T11:04:04Z-
dc.date.available2012-09-14T11:04:04Z-
dc.date.issued2012en_US
dc.identifier.urihttp://hdl.handle.net/10419/62359-
dc.description.abstractThe recession started in 2008 constituted a massive shock to consumers and most firms all over the Western World. Firms were hit on their sales and finances. However, little is known on how badly they were hit and how they coped with the difficulties. This paper gives a rare and fairly early glimpse on how private Danish firms were hit and how they adjusted in order to survive the crisis. The first phase of the recession led to the largest loss of jobs since the oil crisis in Denmark. Four years into the recession we see that larger firms are gradually creating jobs again, although the overall job growth is still negative (Statistics Denmark, 2012). Consequently we present an assessment of factors that have been important in explaining why some firms have been able to recreate jobs and others have not. Especially, we point at the critical role of access to credit in creating and destroying jobs. The paper is based on a survey run on all Danish firms with more than 20 employees in November and December 2011.en_US
dc.language.isoengen_US
dc.publisherIZA Bonnen_US
dc.relation.ispartofseriesDiscussion Paper series, Forschungsinstitut zur Zukunft der Arbeit 6671en_US
dc.subject.jelJ62en_US
dc.subject.jelD22en_US
dc.subject.jelE32en_US
dc.subject.jelJ33en_US
dc.subject.ddc330en_US
dc.subject.keywordcrisisen_US
dc.subject.keywordimpact on firmsen_US
dc.subject.keywordcredit constraintsen_US
dc.subject.keywordjob growth and destructionen_US
dc.subject.keywordsurveyen_US
dc.subject.stwWirtschaftskriseen_US
dc.subject.stwUnternehmenserfolgen_US
dc.subject.stwBeschäftigungseffekten_US
dc.subject.stwArbeitslosigkeiten_US
dc.subject.stwVerschuldungsrestriktionen_US
dc.subject.stwDänemarken_US
dc.titleHow are firms affected by the crisis and how do they react?en_US
dc.typeWorking Paperen_US
dc.identifier.ppn719119197en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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