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dc.contributor.authorWestergård-Nielsen, Niels C.en
dc.contributor.authorNeamtu, Ioanaen
dc.date.accessioned2012-07-10-
dc.date.accessioned2012-09-14T11:04:04Z-
dc.date.available2012-09-14T11:04:04Z-
dc.date.issued2012-
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
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x6671en
dc.subject.jelJ62en
dc.subject.jelD22en
dc.subject.jelE32en
dc.subject.jelJ33en
dc.subject.ddc330en
dc.subject.keywordcrisisen
dc.subject.keywordimpact on firmsen
dc.subject.keywordcredit constraintsen
dc.subject.keywordjob growth and destructionen
dc.subject.keywordsurveyen
dc.subject.stwWirtschaftskriseen
dc.subject.stwUnternehmenserfolgen
dc.subject.stwBeschäftigungseffekten
dc.subject.stwArbeitslosigkeiten
dc.subject.stwVerschuldungsrestriktionen
dc.subject.stwDänemarken
dc.titleHow are firms affected by the crisis and how do they react?-
dc.typeWorking Paperen
dc.identifier.ppn719119197en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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