Crises and Crisis Resilience – What Do We Know About Them?

Jyrki Ali-Yrkkö, Natalia Kuosmanen, Mika Pajarinen and Ilkka Ylhäinen

No 135, ETLA Brief from The Research Institute of the Finnish Economy

Abstract: Abstract The Finnish economy exhibits greater fluctuations than many other countries, which can be attributed, in part, to its relatively small size. However, this does not fully explain why Finland’s economy is more volatile than those of most other small countries. Firms have the capacity to influence their crisis resilience through actions, such as maintaining solvency and a strong capacity to pay interest. Additionally, engaging in innovation activities is closely linked to a firm’s ability to maintain operations during challenging times.

Keywords: Crisis; Firms; Resilience; Resistance (search for similar items in EconPapers)
JEL-codes: F14 L8 (search for similar items in EconPapers)
Pages: 8 pages
Date: 2024-03-11
New Economics Papers: this item is included in nep-sbm
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