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Bottazzi, Giulio
Tamagni, Federico
Year of Publication: 
Series/Report no.: 
LEM Working Paper Series 2010/07
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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