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

• Sophia Dimelis ^[1] ; Ioannis Giotopoulos ^[2] ; Helen Louri ^{[1] [3]}
  1. [1] Athens University of Economics and Business

     Athens University of Economics and Business

     Dimos Athens, Grecia

     
  2. [2] University of Peloponnese

     University of Peloponnese

     Dimos Tripoli, Grecia

     
  3. [3] London School of Economics and Political Science

     London School of Economics and Political Science

     Reino Unido

     

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• Localización: Economics and Business Letters, ISSN-e 2254-4380, Vol. 5, Nº. 4, 2016 (Ejemplar dedicado a: Special Issue Selected papers from 2nd AMEF (May 2016)), págs. 145-151
• Idioma: inglés
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  • 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.