1992): (H1) Firms that exit in year t were in t-1 less productive than firms that continue to produce in t. (H2) Firms that … enter in year t are less productive than incumbent firms in year t. (H3) Surviving firms from an entry cohort were more …

time effects. All countries display a massive reallocation of resources, with the entry and exit of many firms in all … market contestability. There are also large differences across groups of countries. While entry and exit rates are fairly … similar across industrial countries, post entry performance differs markedly between Europe and the U.S., a potential …

This paper examines the link between multinational enterprises and plant exit in Chile. We investigate three main … questions: are affiliates of foreign multinationals more likely to exit than domestic firms? Does the exit probability of … economy? Our results show that foreign plants are more likely to exit the economy, controlling for other firm and industry …

U.S. Blacks experienced significantly lower increase in homeownership than the whites but highest exit from …, did not experience significant increase in homeownership and neither did they face a higher exit from homeownership …

reductions resulted in increases in firm exit, so our findings may be consistent with redistribution of quasi-rents towards low …

’ decision to enter, to expand if successful and to exit if competition becomes unbearable. In this paper, we focus on the … effects of financial development on the entry of new firms and the expansion of successful new businesses. Drawing from … entry of small firms and in sectors that are more dependent upon external finance. This finding is robust to controlling for …

We model entry by entrepreneurs into new markets in developing economies with regulatory barriers in the form of … licence fees and bureaucratic delay. Because laissez faire leads to ‘excessive’ entry, a licence fee can increase welfare by … discouraging entry. However, in the presence of a licence fee, bureaucratic delay creates a strategic opportunity, which can result …

entry in this context. …

be expected to have a positive impact on productivity, thereby making entry (or contestability of markets) desirable …. Traditional research in the context of entry has explored the strategic reactions of incumbent firms when threatened by the … possibility of entry. However, following De Soto (1989), there has been increasing emphasis on regulatory and institutional …