Open Access

A micro-analysis of Irish firm deaths during the financial crisis (2006–2010)


Cite

Agarwal, R. and Audretsch, D.B. (2001). ‘Does entry size matter? The impact of the life cycle and technology on firm survival’. The Journal of Industrial Economics, 49, 21–43.AgarwalR.AudretschD.B.2001Does entry size matter? The impact of the life cycle and technology on firm survivalThe Journal of Industrial Economics49214310.1111/1467-6451.00136Search in Google Scholar

Agarwal, R. and Sarkar, M. (2002). ‘The conditioning effect of time on firm survival: An industry life cycle approach’. Academy of Management Journal, 45, 971–994.AgarwalR.SarkarM.2002The conditioning effect of time on firm survival: An industry life cycle approachAcademy of Management Journal4597199410.5465/3069325Search in Google Scholar

Audretsch, D.B. (1995). ‘Innovation, growth and survival’. International Journal of Industrial Organization, 13, 441–457.AudretschD.B.1995Innovation, growth and survivalInternational Journal of Industrial Organization1344145710.1016/0167-7187(95)00499-8Search in Google Scholar

Audretsch, D.B. and Mahmood, T. (1995). ‘New firm survival: New results using a hazard function’. The Review of Economics and Statistics, 77(1), 97–103.AudretschD.B.MahmoodT.1995New firm survival: New results using a hazard functionThe Review of Economics and Statistics7719710310.2307/2109995Search in Google Scholar

Balcaen, S., Manigart, S., Buyze, J. and Ooghe, H. (2012). ‘Firm exit after distress: Differentiating between bankruptcy, voluntary liquidation and M&A’. Small Business Economics, 39, 949–975.BalcaenS.ManigartS.BuyzeJ.OogheH.2012Firm exit after distress: Differentiating between bankruptcy, voluntary liquidation and M&ASmall Business Economics3994997510.1007/s11187-011-9342-7Search in Google Scholar

Baldwin, J.R. and Gellatly, G. (2003). Innovation Strategies and Performance in Small Firms, Edward Elgar Publishing, Cheltenham, UK.BaldwinJ.R.GellatlyG.2003Innovation Strategies and Performance in Small FirmsEdward Elgar PublishingCheltenham, UK10.4337/9781781009703Search in Google Scholar

Barron, D.N., West, E. and Hannan, M.T. (1994). ‘A time to grow and a time to die: Growth and mortality of credit unions in New York City, 1914–1990’. American Journal of Sociology, 100, 381–421.BarronD.N.WestE.HannanM.T.1994A time to grow and a time to die: Growth and mortality of credit unions in New York City, 1914–1990American Journal of Sociology10038142110.1086/230541Search in Google Scholar

Bellone, F., Musso, P., Nesta, L. and Quéré, M. (2008). ‘Market selection along the firm life cycle’. Industrial and Corporate Change, 17, 753–777.BelloneF.MussoP.NestaL.QuéréM.2008Market selection along the firm life cycleIndustrial and Corporate Change1775377710.4337/9781781000632.00014Search in Google Scholar

Bergin, A., Gerald, J.F., Kearney, I. and O’Sullivan, C. (2011). ‘The Irish fiscal crisis’. National Institute Economic Review, 217, R47–R59.BerginA.GeraldJ.F.KearneyI.O’SullivanC.2011The Irish fiscal crisisNational Institute Economic Review217R47R5910.1177/0027950111420920Search in Google Scholar

Bernard, A.B. and Jensen, J.B. (2007). ‘Firm structure, multinationals, and manufacturing plant deaths’. The Review of Economics and Statistics, 89, 193–204.BernardA.B.JensenJ.B.2007Firm structure, multinationals, and manufacturing plant deathsThe Review of Economics and Statistics8919320410.1162/rest.89.2.193Search in Google Scholar

Boeri, T. and Bellmann, L. (1995). ‘Post-entry behaviour and the cycle: Evidence from Germany’. International Journal of Industrial Organization, 13, 483–500.BoeriT.BellmannL.1995Post-entry behaviour and the cycle: Evidence from GermanyInternational Journal of Industrial Organization1348350010.1016/0167-7187(95)00501-3Search in Google Scholar

Box, M. (2008). ‘The death of firms: Exploring the effects of environment and birth cohort on firm survival in Sweden’. Small Business Economics, 31, 379–393.BoxM.2008The death of firms: Exploring the effects of environment and birth cohort on firm survival in SwedenSmall Business Economics3137939310.1007/s11187-007-9061-2Search in Google Scholar

Caballero, R.J. and Hammour, M.L. (1994). ‘The cleansing effect of recessions’. The American Economic Review, 84, 1350–1368.CaballeroR.J.HammourM.L.1994The cleansing effect of recessionsThe American Economic Review841350136810.3386/w3922Search in Google Scholar

Carbo-Valverde, S., Rodriguez-Fernandez, F. and Udell, G. F. (2016). ‘Trade credit, the financial crisis, and SME access to finance’. Journal of Money, Credit and Banking, 48, 113–143.Carbo-ValverdeS.Rodriguez-FernandezF.UdellG. F.2016Trade credit, the financial crisis, and SME access to financeJournal of Money, Credit and Banking4811314310.1111/jmcb.12292Search in Google Scholar

Carreira, C. and Teixeira, P. (2011a). ‘Entry and exit as a source of aggregate productivity growth in two alternative technological regimes’. Structural Change and Economic Dynamics, 22, 135–150.CarreiraC.TeixeiraP.2011aEntry and exit as a source of aggregate productivity growth in two alternative technological regimesStructural Change and Economic Dynamics2213515010.1016/j.strueco.2011.01.001Search in Google Scholar

Carreira, C. and Teixeira, P. (2011b). ‘The shadow of death: Analysing the pre-exit productivity of Portuguese manufacturing firms’. Small Business Economics, 36, 337–351.CarreiraC.TeixeiraP.2011bThe shadow of death: Analysing the pre-exit productivity of Portuguese manufacturing firmsSmall Business Economics3633735110.1007/s11187-009-9221-7Search in Google Scholar

Cefis, E. and Marsili, O. (2005). ‘A matter of life and death: Innovation and firm survival’. Industrial and Corporate Change, 14, 1167–1192.CefisE.MarsiliO.2005A matter of life and death: Innovation and firm survivalIndustrial and Corporate Change141167119210.1093/icc/dth081Search in Google Scholar

Ciccone, A. & Hall, R. E. (1996). ‘Productivity and the density of economic activity’. American Economic Review, 86, 54–70.CicconeA.HallR. E.1996Productivity and the density of economic activityAmerican Economic Review86547010.3386/w4313Search in Google Scholar

Cleves, M., Gould, W., Gould, W.W., Gutierrez, R. and Marchenko, Y. (2008). An Introduction to Survival Analysis Using Stata, Stata Press, College Station, Texas.ClevesM.GouldW.GouldW.W.GutierrezR.MarchenkoY.2008An Introduction to Survival Analysis Using StataStata PressCollege Station, TexasSearch in Google Scholar

Coad, A. (2018). ‘Firm age: A survey’. Journal of Evolutionary Economics, 28, 13–43.CoadA.2018Firm age: A surveyJournal of Evolutionary Economics28134310.1007/s00191-016-0486-0Search in Google Scholar

Ejermo, O. and Xiao, J. (2014). ‘Entrepreneurship and survival over the business cycle: How do new technology-based firms differ?’. Small Business Economics, 43, 411–426.EjermoO.XiaoJ.2014Entrepreneurship and survival over the business cycle: How do new technology-based firms differ?Small Business Economics4341142610.1007/s11187-014-9543-ySearch in Google Scholar

Ericson, R. & Pakes, A. (1995). ‘Markov-perfect industry dynamics: A framework for empirical work’. The Review of Economic Studies, 62, 53–82.EricsonR.PakesA.1995Markov-perfect industry dynamics: A framework for empirical workThe Review of Economic Studies62538210.2307/2297841Search in Google Scholar

Esteve-Pérez, S. and Mañez-Castillejo, J.A. (2008). ‘The resource-based theory of the firm and firm survival’. Small Business Economics, 30, 231–249.Esteve-PérezS.Mañez-CastillejoJ.A.2008The resource-based theory of the firm and firm survivalSmall Business Economics3023124910.1007/s11187-006-9011-4Search in Google Scholar

Esteve-Pérez, S., Mánez-Castillejo, J. A. and Sanchis-Llopis, J.A. (2008). ‘Does a “survival-by-exporting” effect for SMEs exist?’ Empirica, 35, 81–104.Esteve-PérezS.Mánez-CastillejoJ. A.Sanchis-LlopisJ.A.2008Does a “survival-by-exporting” effect for SMEs exist?Empirica358110410.1007/s10663-007-9052-1Search in Google Scholar

Eurostat. (2007). Eurostat − OECD Manual on Business Demography Statistics [Online]. Luxembourg: Office for Official Publications of the European Communities: Eurostat. http://ec.europa.eu/eurostat/ramon/statmanuals/files/KS-RA-07-010-EN.pdf [Accessed 21 September 2017].Eurostat2007Eurostat − OECD Manual on Business Demography Statistics[Online]. Luxembourg: Office for Official Publications of the European Communities: Eurostat. http://ec.europa.eu/eurostat/ramon/statmanuals/files/KS-RA-07-010-EN.pdf [Accessed 21 September 2017].Search in Google Scholar

Eurostat. (2014). ‘Eurostat indicators of High-tech industry and knowledge – intensive services, January 2014 Annex 3 – High-tech aggregation by NACE Rev. 2’ [Online]. Eurostat. http://ec.europa.eu/eurostat/cache/metadata/Annexes/htec_esms_an3.pdf [Accessed 21 September 2017].Eurostat2014‘Eurostat indicators of High-tech industry and knowledge – intensive services, January 2014 Annex 3 – High-tech aggregation by NACE Rev. 2’[Online]. Eurostat. http://ec.europa.eu/eurostat/cache/metadata/Annexes/htec_esms_an3.pdf [Accessed 21 September 2017].Search in Google Scholar

Fackler, D., Schnabel, C. and Wagner, J. (2013). ‘Establishment exits in Germany: The role of size and age’. Small Business Economics, 41, 683–700.FacklerD.SchnabelC.WagnerJ.2013Establishment exits in Germany: The role of size and ageSmall Business Economics4168370010.1007/s11187-012-9450-zSearch in Google Scholar

Fackler, D., Schnabel, C. and Wagner, J. (2014). ‘Lingering illness or sudden death? Pre-exit employment developments in German establishments’. Industrial and Corporate Change, 23, 1121–1140.FacklerD.SchnabelC.WagnerJ.2014Lingering illness or sudden death? Pre-exit employment developments in German establishmentsIndustrial and Corporate Change231121114010.1093/icc/dtt041Search in Google Scholar

Fitzpatrick, T. and Mcquinn, K. (2014). ‘Unemployment and the crisis in the Irish mortgage market: A regional perspective. Coping with recession: A regional perspective conference. 2’ [Online]. University College Cork. https://www.ucc.ie/en/media/academic/centreforpolicystudies/3.KieranMcQuinn-UnemploymentandtheIrishMortgageCrisis-ARegionalPerspective.pdf [Accessed 31 January 2020].FitzpatrickT.McquinnK.2014Unemployment and the crisis in the Irish mortgage market: A regional perspective. Coping with recession: A regional perspective conference. 2[Online]. University College Cork. https://www.ucc.ie/en/media/academic/centreforpolicystudies/3.KieranMcQuinn-UnemploymentandtheIrishMortgageCrisis-ARegionalPerspective.pdf [Accessed 31 January 2020].Search in Google Scholar

Fort, T.C., Haltiwanger, J., Jarmin, R.S. and Miranda, J. (2013). ‘How firms respond to business cycles: The role of firm age and firm size’. IMF Economic Review, 61, 520–559.FortT.C.HaltiwangerJ.JarminR.S.MirandaJ.2013How firms respond to business cycles: The role of firm age and firm sizeIMF Economic Review6152055910.3386/w19134Search in Google Scholar

Fotopoulos, G. and Louri, H. (2000). ‘Location and survival of new entry’. Small Business Economics, 14, 311–321.FotopoulosG.LouriH.2000Location and survival of new entrySmall Business Economics1431132110.1023/A:1008180522759Search in Google Scholar

Frenken, K., Cefis, E. and Stam, E. (2015). ‘Industrial dynamics and clusters: A survey’. Regional Studies, 49, 10–27.FrenkenK.CefisE.StamE.2015Industrial dynamics and clusters: A surveyRegional Studies49102710.1080/00343404.2014.904505Search in Google Scholar

Geroski, P.A., Mata, J. and Portugal, P. (2010). ‘Founding conditions and the survival of new firms’. Strategic Management Journal, 31, 510–529.GeroskiP.A.MataJ.PortugalP.2010Founding conditions and the survival of new firmsStrategic Management Journal3151052910.1002/smj.823Search in Google Scholar

Globerman, S., Shapiro, D. and Vining, A. (2005). ‘Clusters and intercluster spillovers: Their influence on the growth and survival of Canadian information technology firms’. Industrial and Corporate Change, 14, 27–60.GlobermanS.ShapiroD.ViningA.2005Clusters and intercluster spillovers: Their influence on the growth and survival of Canadian information technology firmsIndustrial and Corporate Change14276010.1093/icc/dth043Search in Google Scholar

Huiban, J.-P. 2009. (2009). ‘Urban versus rural firms: does location affect labor demand?’. Growth and Change, 40, 649–672.HuibanJ.-P.2009.2009Urban versus rural firms: does location affect labor demand?Growth and Change4064967210.1111/j.1468-2257.2009.00504.xSearch in Google Scholar

Jovanovic, B. (1982). ‘Selection and the evolution of industry’. Econometrica: Journal of the Econometric Society, 50(3), 649–670.JovanovicB.1982Selection and the evolution of industryEconometrica: Journal of the Econometric Society50364967010.2307/1912606Search in Google Scholar

Jung, H., Hwang, J. and Kim, B.-K. (2018). ‘Does R&D investment increase SME survival during a recession?’. Technological Forecasting and Social Change, 137, 190–198.JungH.HwangJ.KimB.-K.2018Does R&D investment increase SME survival during a recession?Technological Forecasting and Social Change13719019810.1016/j.techfore.2018.07.042Search in Google Scholar

Lin, P.-C. and Huang, D.-S. (2008). ‘Technological regimes and firm survival: Evidence across sectors and over time’. Small Business Economics, 30, 175–186.LinP.-C.HuangD.-S.2008Technological regimes and firm survival: Evidence across sectors and over timeSmall Business Economics3017518610.1007/s11187-006-9026-xSearch in Google Scholar

Littunen, H. (2000). ‘Networks and local environmental characteristics in the survival of new firms’. Small Business Economics, 15, 59–71.LittunenH.2000Networks and local environmental characteristics in the survival of new firmsSmall Business Economics15597110.1023/A:1026553424833Search in Google Scholar

Lopez-Garcia, P. and Puente, S. (2007). ‘A comparison of the determinants of survival of Spanish firms across economic sectors’. In J. M. Arauzo-Carod and M. C. Manjon-Antolin (Eds.), Entrepreneurship, Industrial Location and Economic Growth, 161–183. Cheltenham: Edwar Elgar.Lopez-GarciaP.PuenteS.2007A comparison of the determinants of survival of Spanish firms across economic sectorsInArauzo-CarodJ. M.Manjon-AntolinM. C.(Eds.)Entrepreneurship, Industrial Location and Economic Growth161183CheltenhamEdwar ElgarSearch in Google Scholar

Mata, J., Portugal, P. and Guimaraes, P. (1995). ‘The survival of new plants: Start-up conditions and post-entry evolution’. International Journal of Industrial Organization, 13, 459–481.MataJ.PortugalP.GuimaraesP.1995The survival of new plants: Start-up conditions and post-entry evolutionInternational Journal of Industrial Organization1345948110.1016/0167-7187(95)00500-5Search in Google Scholar

Mueller, S. and Stegmaier, J. (2015). ‘Economic failure and the role of plant age and size’. Small Business Economics, 44, 621–638.MuellerS.StegmaierJ.2015Economic failure and the role of plant age and sizeSmall Business Economics4462163810.1007/s11187-014-9616-ySearch in Google Scholar

OECD. (2019). SME and Entrepreneurship Policy in Ireland. OECD Studies on SMEs and Entrepreneurship. Paris: OECD Publishing.OECD2019SME and Entrepreneurship Policy in Ireland. OECD Studies on SMEs and EntrepreneurshipParisOECD Publishing10.1787/e726f46d-enSearch in Google Scholar

Pe’er, A. and Keil, T. (2013). ‘Are all startups affected similarly by clusters? Agglomeration, competition, firm heterogeneity, and survival’. Journal of Business Venturing, 28, 354–372.Pe’erA.KeilT.2013Are all startups affected similarly by clusters? Agglomeration, competition, firm heterogeneity, and survivalJournal of Business Venturing2835437210.1016/j.jbusvent.2012.03.004Search in Google Scholar

Renski, H. (2011). ‘External economies of localization, urbanization and industrial diversity and new firm survival’. Papers in Regional Science, 90, 473–502.RenskiH.2011External economies of localization, urbanization and industrial diversity and new firm survivalPapers in Regional Science9047350210.1111/j.1435-5957.2010.00325.xSearch in Google Scholar

Rigby, D.L. and Brown, W.M. (2015). ‘Who benefits from agglomeration?’. Regional Studies, 49, 28–43.RigbyD.L.BrownW.M.2015Who benefits from agglomeration?Regional Studies49284310.1080/00343404.2012.753141Search in Google Scholar

Ropega, J. (2011). ‘The reasons and symptoms of failure in SME’. International Advances in Economic Research, 17, 476–483.RopegaJ.2011The reasons and symptoms of failure in SMEInternational Advances in Economic Research1747648310.1007/s11294-011-9316-1Search in Google Scholar

Santarelli, E. and Vivarelli, M. (2007). ‘Entrepreneurship and the process of firms’ entry, survival and growth’. Industrial and Corporate Change, 16, 455–488.SantarelliE.VivarelliM.2007Entrepreneurship and the process of firms’ entry, survival and growthIndustrial and Corporate Change1645548810.1093/icc/dtm010Search in Google Scholar

Stinchcombe, A.L. (1965.) Social structure and organizations’, in: J March (ed.), Handbook of organizations, Chicago: Rand-McNally.StinchcombeA.L.1965Social structure and organizationsMarchJHandbook of organizationsChicagoRand-McNally10.1016/S0742-3322(00)17019-6Search in Google Scholar

Storey, D.J. and Wynarczyk, P. (1996). ‘The survival and non survival of micro firms in the UK’. Review of Industrial Organization, 11, 211–229.StoreyD.J.WynarczykP.1996The survival and non survival of micro firms in the UKReview of Industrial Organization1121122910.1007/BF00157668Search in Google Scholar

Strotmann, H. (2007). ‘Entrepreneurial survival’. Small Business Economics, 28, 87–104.StrotmannH.2007Entrepreneurial survivalSmall Business Economics288710410.1007/s11187-005-8859-zSearch in Google Scholar

Tsvetkova, A., Thill, J.-C. and Strumsky, D. (2014). External Effects of Metropolitan Innovation on Firm Survival: Non-Parametric Evidence from Computer and Electronic Product Manufacturing and Healthcare Services. Applied Regional Growth and Innovation Models. In Advances in Spatial Science, 78, 83–106. Springer International Publishing. Springer, Berlin, Heidelberg.TsvetkovaA.ThillJ.-C.StrumskyD.2014External Effects of Metropolitan Innovation on Firm Survival: Non-Parametric Evidence from Computer and Electronic Product Manufacturing and Healthcare Services. Applied Regional Growth and Innovation ModelsAdvances in Spatial Science7883106Springer International PublishingSpringer, Berlin, Heidelberg10.1007/978-3-642-37819-5_5Search in Google Scholar

Zarutskie, R. and Yang, T. (2016). ‘How did young firms fare during the great recession? evidence from the Kauffman firm survey’. NBER Chapters, 253–290.ZarutskieR.YangT.2016How did young firms fare during the great recession? evidence from the Kauffman firm surveyNBER Chapters253290Search in Google Scholar

Zúñiga-Vicente, J. Á. and Vicente-Lorente, J.D. (2006). Strategic moves and organizational survival in turbulent environments: The case of Spanish banks (1983–97)’. Journal of Management Studies, 43, 485–519.Zúñiga-VicenteJ. Á.Vicente-LorenteJ.D.2006Strategic moves and organizational survival in turbulent environments: The case of Spanish banks (1983–97)Journal of Management Studies4348551910.1111/j.1467-6486.2006.00599.xSearch in Google Scholar