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strategic default to a number of firm characteristics such as size, age, liquidity, profitability and collateral value. We … relationship with the value of collateral. Also, profitability and collateral can be used to distinguish the strategic defaulters …
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The relationship of firm size and age to its growth and survival differs according to whether size is measured by sales or employment. Using a large and representative dataset of Greek firms over the period 1999-2014, we find the following patterns. Controlling for age, there is a strong...
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