 Firm relocation in times of economic crisis: evidence from Greek small and medium enterprises’ movement to Bulgaria, 2007–2014Nikos Kapitsinis European Planning Studies, 2017, vol. 25, issue 4, 703-725 Abstract: This paper examines firm relocation in the aftermath of the 2007 global economic crisis. In particular, the paper analyses the unprecedented recent increase in the movement of small and medium enterprises (SMEs) from Greece to Bulgaria using original insights by a survey of 103 Greek companies in Bulgaria. The findings suggest a reconsideration of the existing literature on firm mobility in order to explain the post-crisis movement of Greek SMEs. Entrepreneurs perceived firm relocation as a necessity, while, contrary to the existing literature, labour cost does not appear to have significantly influenced firm exit from Greece, the level of demand was highlighted as more important compared with the literature findings and access to external finance emerged as a major factor. Important among elements that attracted businesspeople to Bulgaria were low taxation and geographical proximity to Greece. The present analysis thus challenges the significance of firm relocation determinants in the literature. Date: 2017 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:taf:eurpls:v:25:y:2017:i:4:p:703-725 Ordering information: This journal article can be ordered from DOI: 10.1080/09654313.2017.1288703 Access Statistics for this article European Planning Studies is currently edited by Philip Cooke and Louis Albrechts More articles in European Planning Studies from Taylor & Francis Journals |
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