“…To address these issues, we gathered firm data from the most complete harmonized database for European countries: the European Firms in Global Economy survey (EFIGE). 2 The global 2008-2009 crisis currently represents the most recent sharp economic downtrend for which data are available to detect evidence-based 1 As affecting factors, literature pointed out the role of financial constraints (Garcia-Appendini & Montoriol-Garriga, 2013), spatial concentration (Brancati et al, 2017), and the presence of intangible assets, such as knowledge (Lengnick-Hall & Beck, 2005;Meliciani & Tchorek, 2019) and working environment (Aranega et al, 2021). insights: We retrieved a sample of about 1000 European Union (EU) food and drink firms from EFIGE to analyze our research questions.…”