This paper estimates the survival time of nearly 7,000 firms in a dozen high-income and middle-income countries in a scenario of extreme economic distress, using the World Bank's Enterprises Surveys. Under the assumption that firms have no incoming revenues and cover only fixed costs, the median survival time across industries ranges within 8 to 19 weeks, while on average firms have liquidity to survive between 12 and 38 weeks. Schumpeter's theory...
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INFORMATION
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2020/05/11
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Document de travail de recherche sur les politiques
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WPS9239
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1
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1
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2020/05/11
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Disclosed
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Survival of Firms during Economic Crisis
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descriptive statistic
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