Legal Form, Growth and Exit of West German Firms—Empirical Results for Manufacturing, Construction, Trade and Service Industries

Harhoff, Dietmar; Stahl, Konrad; Woywode, Michaerl

doi:10.1111/1467-6451.00083

Public

Legal Form, Growth and Exit of West German Firms—Empirical Results for Manufacturing, Construction, Trade and Service Industries

Published in Journal of Industrial Economics • Dec 1, 1998

Authors:

Dietmar Harhoff

Konrad Stahl

Michaerl Woywode

Abstract

Using a sample of approximately 11000 West German firms from all major sectors of the economy, we test predictions on the relationship between legal form, firm survival and employment growth. In our tests, we distinguish between voluntary liquidation without losses to creditors and bankruptcy, that ...

Subject

Insolvency

Bankruptcy

Creditor

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