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What determines the growth of micro firms in the euro area?

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  • Sophia Dimelis
  • Ioannis Giotopoulos
  • Helen Louri

Abstract

This paper explores the diverging impact of country- and firm-specific factors on the growth of micro firms in the euro area (2005-2011) along different growth quantiles. While bank credit and firm sales seem to be important for all size groups and quantiles, micro firms are found to be particularly vulnerable to country-specific conditions, especially financial stability, country risk, banking concentration and post-crisis location in the European periphery, the most exposed ones being those with the slowest growth.

Suggested Citation

  • Sophia Dimelis & Ioannis Giotopoulos & Helen Louri, 2016. "What determines the growth of micro firms in the euro area?," Economics and Business Letters, Oviedo University Press, vol. 5(4), pages 145-151.
    • Handle: RePEc:ove:journl:aid:11249
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    File URL: https://reunido.uniovi.es/index.php/EBL/article/view/11249
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    References listed on IDEAS

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    Cited by:

    1. Hacievliyagil Nuri & Eksi Ibrahim Halil, 2019. "A Micro Based Study on Bank Credit and Economic Growth: Manufacturing Sub-Sectors Analysis," South East European Journal of Economics and Business, Sciendo, vol. 14(1), pages 72-91, June.

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