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The determinants of firm exit in the French food industries

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  • Blanchard, Pierre

Abstract

Nous étudions les facteurs qui déterminent la propension des firmes à cesser leur activité. La productivité individuelle de la firme n’est pas directement observée mais estimée selon l’approche proposée par Ackerberg et al. (2006). Elle est ensuite introduite dans une équation de sortie à côté d’autres variables. On utilise un panel non cylindré de 5 849 firmes des industries agro-alimentaires françaises observées entre 1996 et 2002. La probabilité de cesser l’activité est négativement reliée à la productivité individuelle et l’âge de la firme. Au-delà de ces premiers résultats bien connus, nous montrons aussi que le niveau des coûts irrécupérables peut constituer une barrière importante à la sortie. La relation entre la propension à la sortie de la firme et le degré de concentration de l’industrie est marquée par la présence d’un seuil de retournement : d’abord croissante, la relation devient décroissante une fois ce point dépassé.

Suggested Citation

  • Blanchard, Pierre, 2012. "The determinants of firm exit in the French food industries," Revue d'Etudes en Agriculture et Environnement, Editions NecPlus, vol. 93(02), pages 193-212, June.
    • Handle: RePEc:nec:raestu:v:93:y:2012:i:02:p:193-212_00
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    Cited by:

    1. Buttin, E., 2016. "Les green bonds : solution au financement de la transition ou effet de mode ?," Bulletin de la Banque de France, Banque de France, issue 208, pages 21-28.
    2. Gatto, Massimo Del & Peracchia, Mattia, 2025. "Firm exit, technology and trade: A sectoral perspective," International Economics, Elsevier, vol. 183(C).
    3. GAIGNE, Carl & LAROCHE DUPRAZ, Cathie & MATTHEWS, Alan, 2015. "Thirty years of European research on international trade in food and agricultural products," Review of Agricultural and Environmental Studies - Revue d'Etudes en Agriculture et Environnement (RAEStud), Institut National de la Recherche Agronomique (INRA), vol. 96(01), March.
    4. Magali Aubert & Geoffroy Enjolras, 2015. "Are short food supply chains a solution for farms facing financial difficulties?," Post-Print hal-02800273, HAL.
    5. Bureau, B. & Libert, T., 2016. "Enjeux économiques des défaillances d’entreprises en France," Bulletin de la Banque de France, Banque de France, issue 208, pages 55-63.
    6. Greaney, Theresa M. & Li, Yao & Tu, Dongmei, 2017. "Pollution control and foreign firms’ exit behavior in China," Journal of Asian Economics, Elsevier, vol. 48(C), pages 148-159.
    7. Coffinet, J. & Jadeau, C. & Perillaud, S., 2016. "Tendances récentes du crédit à la consommation," Bulletin de la Banque de France, Banque de France, issue 208, pages 29-41.
    8. Carl Gaigné & Bruno Larue, 2016. "Public quality standards and the food industry’s structurein a global economy," Review of Agricultural, Food and Environmental Studies, INRA Department of Economics, vol. 97(2), pages 141-148.
    9. Giuseppe Arcuri & Marc Brunetto & Nadine Levratto, 2019. "Spatial patterns and determinants of firm exit: an empirical analysis on France," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 62(1), pages 99-118, February.
    10. Enjolras, Geoffroy & Madiès, Philippe, "undated". "The determinants of financial distress in French farms: Analysts versus Algorithms," 2017 Annual Meeting, July 30-August 1, Chicago, Illinois 259168, Agricultural and Applied Economics Association.
    11. Cabrillac, B. & Gauvin, L. & Gossé, L., 2016. "Les obligations indexées sur le PIB : quels bénéfices pour les émetteurs, les investisseurs et la stabilité financière internationale ?," Bulletin de la Banque de France, Banque de France, issue 208, pages 5-20.
    12. Geoffroy Enjolras & Magali Aubert, 2014. "Le mode de commercialisation est-il une échappatoire pour les exploitations en difficulté financière ?," Post-Print hal-02047868, HAL.
    13. Paula Sarmento & Rosa Forte, 2019. "Does Foreign Presence Induce Host Country Firms’ Exit? The Case of Portugal," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 25(3), pages 323-337, August.
    14. Lilia Aleksanyan & Jean-Pierre Huiban, 2016. "Economic and financial determinants of firm bankruptcy:evidence from the French food industry," Review of Agricultural, Food and Environmental Studies, INRA Department of Economics, vol. 97(2), pages 89-108.
    15. Geoffroy Enjolras & Philippe Madiès, 2020. "The role of bank analysts and scores in the prediction of financial distress: Evidence from French farms," Economics Bulletin, AccessEcon, vol. 40(4), pages 2978-2993.
    16. Dongmei Tu & Yao Li & Yong Zeng, 2019. "The Effects Of Environmental Regulation On Exporters’ Exiting Behavior: The Evidence From China," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 64(02), pages 301-321, March.
    17. Redha Fares & Amélie Guillin & Claude Mathieu, 2020. "Failing and exporting firms: a paradox?," Erudite Working Paper 2020-08, Erudite.
    18. Carl Gaigné & Bertrand Schmitt & Patrick Sevestre & Michel Simioni, 2016. "Editorial to the special issue in memory of Jean-Pierre Huiban," Review of Agricultural, Food and Environmental Studies, Springer, vol. 97(2), pages 85-87, September.
    19. Boileau, A. & Carlino, L. & Lafon, A.-S., 2016. "Au premier semestre 2016, les principaux groupes français renforcent leur profitabilité," Bulletin de la Banque de France, Banque de France, issue 208, pages 43-54.
    20. Redha Fares, 2022. "Bankruptcy, Performance and Market Selection: Evidence from Firms in France," Erudite Ph.D Dissertations, Erudite, number ph22-01 edited by Claude Mathieu, April.

    More about this item

    JEL classification:

    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • L66 - Industrial Organization - - Industry Studies: Manufacturing - - - Food; Beverages; Cosmetics; Tobacco

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