Neamtu, Ioana; Westergård-Nielsen, Niels - School of Economics and Management, University of Aarhus - 2012
The recession started in 2008 constituted a massive shock to consumers and most firms all over the Western World. Firms were hit on their sales and finances. However, little is known on how badly they were hit and how they coped with the difficulties. This paper gives a rare and fairly early...