Winners and Losers during a Deep Economic Crisis: Firm‐level Evidence from Indonesian Manufacturing*

Narjoko, Dionisius; Hill, Hal

doi:10.1111/j.1467-8381.2007.00261.x

Cited by 71 publications

(53 citation statements)

References 35 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Adding to the financial aspect, their relative shortcomings in terms of technological, managerial and human capabilities may reduce their capacity to overcome the economic crisis (Gertler and Gilchrist 1994;Forbes 2002;Beck et al 2005;Butler and Sullivan 2005;Régnier 2005;Marino et al 2008;Das and Pradhan 2009). On the other hand, their greater dependence on (fewer) customers and suppliers (Nugent and Yhee 2002) and markets (Butler and Sullivan 2005;Narjoko and Hill 2007;OECD 2009) may lead to increased difficulties in maintaining their activity level in the face of the crisis.…”

Section: Firm Size Firm Growth and Economic Downturnsmentioning

confidence: 99%

“…Smaller enterprises may be more flexible in adapting to an economic downturn as they are less resistant to inertia, rigidity and sunk costs (Tan and See 2004), more able to exploit market niches (Gregory et al 2002;Narjoko and Hill 2007;Hodorogel 2009), being concentrated on activities characterized by economies of agglomeration, rather than economies of scale (Berry et al 2001;Hall and Harvie 2003), and less reliant on formal credits compared to their larger counterparts, who are more burdened by debts (Sato 2000;Wangel and Rodriguez 2006). Even their disadvantages at technological and knowledge levels can be overcome through the imitation of other firms' best practices (Nugent and Yhee 2002).…”

Section: Firm Size Firm Growth and Economic Downturnsmentioning

confidence: 99%

See 1 more Smart Citation

Employment and SMEs during crises

Varum

Rocha

2011

Small Bus Econ

View full text Add to dashboard Cite

The current economic crisis has raised concerns about the persistent increasing duration of unemployment. Although lay-offs at large firms normally make headlines during crises, we still know little about the potential impact of firm size on firms' adjustment behavior under a crisis context. We study firm size effects on employment growth during economic slowdowns, using a rich microeconomic database for the 1988-2007 period in the Portuguese manufacturing industry. The results show that economic downturns impacted negatively upon firm growth. This negative impact is found to be higher for larger firms, either during or also immediately after crisis periods. Small and medium sized enterprises (SMEs) emerge as potential stabilizers in downturn periods. However, larger firms seem to be able to quickly recover from downturn periods.Our results contribute to the scarce literature on these matters and also to the understanding of the Portuguese case, where there are a great number of SMEs which secure the majority of jobs. These first results may be useful as SMEs play a determinant role in other economies of the European Union (EU).

show abstract

Section: Firm Size Firm Growth and Economic Downturnsmentioning

confidence: 99%

Section: Firm Size Firm Growth and Economic Downturnsmentioning

confidence: 99%

Employment and SMEs during crises

Varum

Rocha

2011

Small Bus Econ

View full text Add to dashboard Cite

show abstract

“…Adding to the financial aspect, their relative shortcomings in terms of technological, managerial and human capabilities may reduce their capacity to overcome the economic crisis [16,17,18,19,20,21,22]. On the other hand, their greater dependence on (fewer) customers and suppliers [23] and markets [19,24,25] may lead to increased difficulties in maintaining their activity in the face of the crisis. Papaoikonomou & all, [9] argue that in this context, most SMEs suffered from demand shock.…”

Section: Introductionmentioning

confidence: 98%

The Strategic Management of Market Information to SMEs during Economic Crisis

Bourletidis

2013

Procedia - Social and Behavioral Sciences

View full text Add to dashboard Cite

In periods of prolonged economic crisis the companies and especially the SMEs ones are affected negatively. They show signs such as the decrease of sells, the shrink of profits, the indulgence of financing, the difficulty of covering the obligations towards the suppliers. On the contrary, lots of studies show that there are still some sectors that have been affected a lot from the financial crisis, there are companies which show a remarkable yield and it seems that they get a benefit from the crisis and make use of chances. The difference of the companies' attribution still observed in the same geographical region even though to the same local market. A very important role in connection with the diversification of the companies' attribution seems to play a major role the different face of the information handling. Into this specific paper we will be concentrated to this factor that means the handling of the information as a strategic mean to the face and the handling of crisis of the SMEs. There is going to be examined how SME`s that suffer from the financial crisis make a productivity as an advantage of survive the strategic management of information. The analysis will be concentrated to Greek business market and specifically to the SMEs of Greece.There is going to be used empirical data that have been gathered through interviews into Greek SMEs of different sectors and size.

show abstract

“…These trends applied to practically all industry groups, but especially to textiles, clothing, and footwear, wood products, and non-metallic minerals (respectively ISIC 32, 33, 36). They also apply to most firm and ownership groups, though with considerable variations (see Narjoko (2006) and for a summary Narjoko and Hill (2007).…”

mentioning

confidence: 99%

Indonesian Industrialization: A Latecomer Adjusting to Crises

Aswicahyono¹,

Hill²,

Narjoko³

2013

Pathways to Industrialization in the Twenty-First Century

Self Cite

View full text Add to dashboard Cite

This paper examines Indonesia's industrialization performance and policies, including its latecomer status, its generally rapid growth since the mid-1960s, its pronounced policy and performance episodes, and its ambivalent embrace of globalization. Particular attention is accorded to the deep economic-political crisis of 1997-98 and its aftermath, with the benefit of a rich, firm level database. The crisis resulted in slower industrial growth, less industrial mobility, and sluggish formal sector employment growth. We also consider some of the general analytical and policy implications for developing country industrialization from the Indonesian experience.

show abstract

Winners and Losers during a Deep Economic Crisis: Firm‐level Evidence from Indonesian Manufacturing*

Cited by 71 publications

References 35 publications

Employment and SMEs during crises

Employment and SMEs during crises

The Strategic Management of Market Information to SMEs during Economic Crisis

Indonesian Industrialization: A Latecomer Adjusting to Crises

Contact Info

Product

Resources

About