Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/89281 
Year of Publication: 
2010
Series/Report no.: 
LEM Working Paper Series No. 2010/07
Publisher: 
Scuola Superiore Sant'Anna, Laboratory of Economics and Management (LEM), Pisa
Abstract: 
Analyzing a large sample of Italian firms we find that the probability of default increases with size. This contrasts with the common observation, based on measures of exit from business registry data, that firms' death rate is inversely related to the scale of their operation and suggests a rethinking of the economic role of larger companies.
Document Type: 
Working Paper

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