Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/51645 
Year of Publication: 
2011
Series/Report no.: 
IZA Discussion Papers No. 5882
Publisher: 
Institute for the Study of Labor (IZA), Bonn
Abstract: 
Starting from the observation that all firms in Ireland (foreign and domestic in manufacturing and services industries) were hit by the crisis, the paper asks whether there is a difference in the behaviour of foreign and domestic firms. One hypothesis is that foreign multinationals are less linked into the Irish economy, so more likely to leave once the economy is hit by a negative shock. The paper discusses background hypotheses before giving empirical evidence from firstly aggregate data, and secondly firm-level observations. The analysis of the latter suggests that foreign firms are not more likely to leave during the crisis than Irish firms. Some policy conclusions are offered in the paper.
Subjects: 
financial crisis
firm survival
Ireland
JEL: 
F3
J2
L2
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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