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dc.contributor.authorKnudsen, Eirik Sjåholm
dc.contributor.authorFoss, Kirsten
dc.date.accessioned2014-02-13T08:45:40Z
dc.date.available2014-02-13T08:45:40Z
dc.date.issued2013-01
dc.identifier.urihttp://hdl.handle.net/11250/166792
dc.description.abstractThe economic theory of the firm offers conflicting predictions of how the two major effects of recessions, changes in demand and access to credit, affect firm boundaries. Using data on Norwegian firms in the recent recession, we find support for both increased and reduced vertical integration of core activities in response to such changes. Further, we find that access to credit negatively moderates the effect of reductions in demand on vertical integration. The latter finding may highlight a possible explanation for the conflicting theoretical predictions.no_NO
dc.language.isoengno_NO
dc.publisherSNFno_NO
dc.relation.ispartofseriesWorking paper;04/13
dc.titleThe effect of recessions on firms’ boundariesno_NO
dc.typeWorking paperno_NO
dc.subject.nsiVDP::Social science: 200::Economics: 210::Economics: 212no_NO


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