What determines the growth of micro firms in the euro area?

Sophia Dimelis (), Ioannis Giotopoulos and Helen Louri

Economics and Business Letters, 2016, vol. 5, issue 4, 145-151

Abstract: This paper explores the diverging impact of country- and firm-specific factors on the growth of micro firms in the euro area (2005-2011) along different growth quantiles. While bank credit and firm sales seem to be important for all size groups and quantiles, micro firms are found to be particularly vulnerable to country-specific conditions, especially financial stability, country risk, banking concentration and post-crisis location in the European periphery, the most exposed ones being those with the slowest growth.

Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:ove:journl:aid:11249

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