Survival of Firms during Economic Crisis (English)

This paper estimates the survival time of nearly 7,000 firms in a dozen high-income and middle-income countries in a scenario of extreme economic distress, using the World Bank's Enterprises Surveys. Under the assumption that firms have no incoming revenues and cover only fixed costs, the median survival time across industries ranges within 8 to 19 weeks, while on average firms have liquidity to survive between 12 and 38 weeks. Schumpeter's theory...

DETAILS

Author

Bosio,Erica;

Djankov,Simeon;

Jolevski,Filip;

Ramalho,Rita;
Document Date
2020/05/11
Document Type
Policy Research Working Paper
Report Number
WPS9239
Volume No
1
Total Volume(s)
1
Country
World,
Region
Other,
Disclosure Date
2020/05/11
Disclosure Status
Disclosed
Doc Name
Survival of Firms during Economic Crisis
Keywords
descriptive statistic

DOWNLOADS

COMPLETE REPORT

Official version of document (may contain signatures, etc)

Official PDF
TXT*
Total Downloads** : 1561
Download Stats
*The text version is uncorrected OCR text and is included solely to benefit users with slow connectivity.

Citation

Bosio,Erica; Djankov,Simeon; Jolevski,Filip; Ramalho,Rita.

Survival of Firms during Economic Crisis (English). Policy Research working paper|no. WPS 9239 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/140091589221773664

Survival of Firms during Economic Crisis (English)

DETAILS

DOWNLOADS

COMPLETE REPORT

Citation

SUBSCRIBE TO EMAIL ALERTS