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Resilience of Companies and Related Factors

Author

Listed:
  • Ali-Yrkkö, Jyrki
  • Kuosmanen, Natalia
  • Pajarinen, Mika
  • Ylhäinen, Ilkka

Abstract

This report examines the resilience of firms during crises from two perspectives: their ability to resist crises and their capacity to recover. The findings reveal that innovative firms are less likely to cease operations than other firms and are more likely to recover faster. The study further supports the notion that a high level of solvency and a strong ability to make interest payments (interest coverage ratio) reduce the risk of a firm exiting the market or experiencing an exceptionally large decline in revenue.

Suggested Citation

  • Ali-Yrkkö, Jyrki & Kuosmanen, Natalia & Pajarinen, Mika & Ylhäinen, Ilkka, 2024. "Resilience of Companies and Related Factors," ETLA Reports 146, The Research Institute of the Finnish Economy.
    • Handle: RePEc:rif:report:146
    as

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    File URL: https://www.etla.fi/wp-content/uploads/ETLA-Raportit-Reports-146.pdf
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    More about this item

    Keywords

    Resilience; Crisis; Firms;
    All these keywords.

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • L8 - Industrial Organization - - Industry Studies: Services

    NEP fields

    This paper has been announced in the following NEP Reports:

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