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This paper makes an empirical contribution to confirm the stylized fact that the performance of firms deteoriates in the years before exit. For this reason we evaluate whether market exits differ significantly in their employment development in the years before market drop-out compared to...
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Business exit has implications for a firm's corporate strategy. Two types of exit events are distinguished: those that involve strategic change and those that are status quo-preserving. This study investigates the impact of CEO turnover and succession on strategic versus status quo-preserving...
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liquidation dynamic of West-Germany is examined for the period 1979-1992 on the basis of a data set from the employment statistics … are great differences in the foundation and liquidation performance between technology-oriented, not technology …
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various technology-oriented sectors in West-Germany from 1983 until 1993 on the basis of a firm specific data set from the …
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This study investigates firm survival and employment growth of start-ups by unemployed people in East and West Germany … considerably, which led to a sharp increase in the number of start-ups by the unemployed. The empirical analysis is based on a … 1995 and could be observed at least one year after their foundation in 4 regions of East and 11 regions of West Germany. In …
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