Autori
Christodoulakis, Nicos
Axioglou, Christos

Titolo
Which firms survive in a crisis? Investigating Gibrat’s Law in Greece 2001–2014
Periodico
Economia e politica industriale
Anno: 2021 - Volume: 48 - Fascicolo: 2 - Pagina iniziale: 159 - Pagina finale: 218

The paper employs a panel dataset of more than 40,000 Greek firms over the period 2001–2014 to examine the size-related patterns of survival and turnover growth before and after the financial and debt crisis that hit Greece in 2010. Our findings suggest that larger-size firms were, in general, more likely to survive in the market than smaller size ones and this relative advantage only grew further during the crisis. However, the rate of growth in turnover for the surviving firms is negatively associated with their size, thus refuting Gibrat's Law in Greece. Keywords: Industrial organization, Market share, Manufacturing sector, Crisis



SICI: 0391-2078(2021)48:2<159:WFSIAC>2.0.ZU;2-9

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