{"id":"https://openalex.org/W2125541323","doi":"https://doi.org/10.2139/ssrn.1011737","title":"Macroeconomic Conditions and Business Exit: Determinants of Failures and Acquisitions of UK Firms","display_name":"Macroeconomic Conditions and Business Exit: Determinants of Failures and Acquisitions of UK Firms","publication_year":2007,"publication_date":"2007-01-01","ids":{"openalex":"https://openalex.org/W2125541323","doi":"https://doi.org/10.2139/ssrn.1011737","mag":"2125541323"},"language":"en","primary_location":{"id":"doi:10.2139/ssrn.1011737","doi":"https://doi.org/10.2139/ssrn.1011737","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.1011737","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},"volume":null,"type":"preprint","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://doi.org/10.2139/ssrn.1011737","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5018375430","display_name":"Arnab Bhattacharjee","orcid":"https://orcid.org/0000-0003-1300-0838","observed_orcids":["https://orcid.org/0000-0003-1300-0838"]},"institutions":[{"id":"https://openalex.org/I16835326","display_name":"University of St Andrews","ror":"https://ror.org/02wn5qz54","country_code":"GB","type":"education","lineage":["https://openalex.org/I16835326"]}],"countries":["GB"],"is_corresponding":false,"raw_author_name":"Arnab Bhattacharjee","raw_affiliation_strings":["University of St. Andrews - School of Management, The Gateway, Gateway, St. Andrews, Fife KY16 9SS, United Kingdom","University of St. Andrews - School of Management"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of St. Andrews - School of Management, The Gateway, Gateway, St. Andrews, Fife KY16 9SS, United Kingdom","institution_ids":["https://openalex.org/I16835326"]},{"raw_affiliation_string":"University of St. Andrews - School of Management","institution_ids":["https://openalex.org/I16835326"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5025025874","display_name":"Chris Higson","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I61544103","display_name":"London Business School","ror":"https://ror.org/001c2sn75","country_code":"GB","type":"education","lineage":["https://openalex.org/I124357947","https://openalex.org/I61544103"]}],"countries":["GB"],"is_corresponding":false,"raw_author_name":"Chris Higson","raw_affiliation_strings":["London Business School, Sussex Place, Regent's Park, London, NW1 4SA, United Kingdom","London Business School"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"London Business School, Sussex Place, Regent's Park, London, NW1 4SA, United Kingdom","institution_ids":["https://openalex.org/I61544103"]},{"raw_affiliation_string":"London Business School","institution_ids":["https://openalex.org/I61544103"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5111903770","display_name":"Sean Holly","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I241749","display_name":"University of Cambridge","ror":"https://ror.org/013meh722","country_code":"GB","type":"education","lineage":["https://openalex.org/I241749"]}],"countries":["GB"],"is_corresponding":true,"raw_author_name":"Sean Holly","raw_affiliation_strings":["University of Cambridge - Department of Applied Economics, Sidgwick Avenue, Cambridge, CB3 9DE, United Kingdom","University of Cambridge - Department of Applied Economics"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Cambridge - Department of Applied Economics, Sidgwick Avenue, Cambridge, CB3 9DE, United Kingdom","institution_ids":["https://openalex.org/I241749"]},{"raw_affiliation_string":"University of Cambridge - Department of Applied Economics","institution_ids":["https://openalex.org/I241749"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5109487442","display_name":"Paul Antony Kattuman","orcid":"https://orcid.org/0000-0003-1209-5169","observed_orcids":["https://orcid.org/0000-0003-1209-5169"]},"institutions":[{"id":"https://openalex.org/I241749","display_name":"University of Cambridge","ror":"https://ror.org/013meh722","country_code":"GB","type":"education","lineage":["https://openalex.org/I241749"]}],"countries":["GB"],"is_corresponding":false,"raw_author_name":"Paul A. Kattuman","raw_affiliation_strings":["University of Cambridge - Judge Business School"],"raw_orcid":"https://orcid.org/0000-0003-1209-5169","affiliations":[{"raw_affiliation_string":"University of Cambridge - Judge Business School","institution_ids":["https://openalex.org/I241749"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":3,"corresponding_author_ids":["https://openalex.org/A5111903770"],"corresponding_institution_ids":["https://openalex.org/I241749"],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":true,"cited_by_count":25,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.5356000065803528,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.5356000065803528,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12509","display_name":"Corporate Insolvency and Governance","score":0.3515999913215637,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12851","display_name":"Firm Innovation and Growth","score":0.06040000170469284,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/firm-exit","display_name":"firm exit","score":0.9599999785423279},{"id":"https://openalex.org/keywords/macroeconomic-instability","display_name":"macroeconomic instability","score":0.7580000162124634},{"id":"https://openalex.org/keywords/bankruptcy","display_name":"bankruptcy","score":0.5849999785423279},{"id":"https://openalex.org/keywords/corporate-acquisition","display_name":"corporate acquisition","score":0.6330000162124634},{"id":"https://openalex.org/keywords/business-cycles","display_name":"business cycles","score":0.7099999785423279},{"id":"https://openalex.org/keywords/competing-risks","display_name":"competing risks","score":0.7269999980926514},{"id":"https://openalex.org/keywords/hazard-models","display_name":"hazard models","score":0.40799999237060547},{"id":"https://openalex.org/keywords/us-business-cycle","display_name":"US business cycle","score":0.5289999842643738}],"concepts":[{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5823975801467896},{"id":"https://openalex.org/C2781317483","wikidata":"https://www.wikidata.org/wiki/Q5001874","display_name":"Business failure","level":2,"score":0.46246641874313354},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.4123491942882538},{"id":"https://openalex.org/C83873408","wikidata":"https://www.wikidata.org/wiki/Q192311","display_name":"Business cycle","level":2,"score":0.4122087061405182},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.4067499041557312},{"id":"https://openalex.org/C40700","wikidata":"https://www.wikidata.org/wiki/Q1411783","display_name":"Industrial organization","level":1,"score":0.34429940581321716},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.28037580847740173},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.2415488064289093}],"mesh":[],"locations_count":4,"locations":[{"id":"doi:10.2139/ssrn.1011737","doi":"https://doi.org/10.2139/ssrn.1011737","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.1011737","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},{"id":"pmh:oai:RePEc:san:cdmawp:0713","doi":null,"is_oa":false,"landing_page_url":"http://www.st-andrews.ac.uk/~wwwecon/CDMA/papers/wp0713.pdf","pdf_url":"http://www.st-andrews.ac.uk/~wwwecon/CDMA/papers/wp0713.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"pmh:oai:discovery.dundee.ac.uk:openaire/620e4473-71d4-4f6c-9933-48cbd24263b3","doi":null,"is_oa":true,"landing_page_url":"https://discovery.dundee.ac.uk/en/publications/620e4473-71d4-4f6c-9933-48cbd24263b3","pdf_url":"https://discovery.dundee.ac.uk/ws/files/1273734/wp0713.pdf","source":{"id":"https://openalex.org/S4306400523","display_name":"Discovery Research Portal (University of Dundee)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I177639307","host_organization_name":"University of Dundee","host_organization_lineage":["https://openalex.org/I177639307"],"host_organization_lineage_names":[],"type":"repository"},"license":"other-oa","license_id":"https://openalex.org/licenses/other-oa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Bhattacharjee, A, Higson, C, Holly, S & Kattuman, P 2007 'Macroeconomic Conditions and Business Exit: Determinants of Failures and Acquisitions of UK Firms' CDMA Working Paper Series, no. CDMA07/13, Centre for Dynamic Macroeconomic Analysis, St. Andrews. < http://ideas.repec.org/p/san/cdmawp/0713.html >","raw_type":"info:eu-repo/semantics/workingPaper"},{"id":"mag:3123085139","doi":null,"is_oa":false,"landing_page_url":"https://econpapers.repec.org/RePEc:san:cdmawp:0713","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"RePEc: Research Papers in Economics","raw_type":null}],"best_oa_location":{"id":"doi:10.2139/ssrn.1011737","doi":"https://doi.org/10.2139/ssrn.1011737","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.1011737","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},"sustainable_development_goals":[{"score":0.48510000109672546,"id":"https://metadata.un.org/sdg/8","display_name":"Decent work and economic growth"}],"study_designs":[],"awards":[],"funders":[{"id":"https://openalex.org/F4320319993","display_name":"Leverhulme Trust","ror":"https://ror.org/012mzw131"}],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":87,"referenced_works":["https://openalex.org/W1481386027","https://openalex.org/W1500368012","https://openalex.org/W1534343947","https://openalex.org/W1557832879","https://openalex.org/W1569396840","https://openalex.org/W1592307384","https://openalex.org/W1933529014","https://openalex.org/W1964382689","https://openalex.org/W1966714873","https://openalex.org/W1976326217","https://openalex.org/W1976380843","https://openalex.org/W1977668777","https://openalex.org/W1983886881","https://openalex.org/W1998829022","https://openalex.org/W2001134557","https://openalex.org/W2008393462","https://openalex.org/W2012658469","https://openalex.org/W2013915050","https://openalex.org/W2017299421","https://openalex.org/W2019097437","https://openalex.org/W2030170233","https://openalex.org/W2036955018","https://openalex.org/W2038367051","https://openalex.org/W2043038742","https://openalex.org/W2044351780","https://openalex.org/W2067830769","https://openalex.org/W2075979941","https://openalex.org/W2078575233","https://openalex.org/W2084198990","https://openalex.org/W2086902144","https://openalex.org/W2087076079","https://openalex.org/W2087254211","https://openalex.org/W2088547769","https://openalex.org/W2088563154","https://openalex.org/W2088565705","https://openalex.org/W2092648747","https://openalex.org/W2113133677","https://openalex.org/W2122301744","https://openalex.org/W2124843165","https://openalex.org/W2144457086","https://openalex.org/W2153339567","https://openalex.org/W2161000732","https://openalex.org/W2171720857","https://openalex.org/W2319384619","https://openalex.org/W2475968109","https://openalex.org/W2606540025","https://openalex.org/W2796700885","https://openalex.org/W2977606681","https://openalex.org/W3022236875","https://openalex.org/W3121316432","https://openalex.org/W3121760324","https://openalex.org/W3123118666","https://openalex.org/W3123130592","https://openalex.org/W3123529374","https://openalex.org/W3124438802","https://openalex.org/W4206805906","https://openalex.org/W4230044614","https://openalex.org/W4230733111","https://openalex.org/W4232051580","https://openalex.org/W4235714486","https://openalex.org/W4236306571","https://openalex.org/W4236584637","https://openalex.org/W4238290292","https://openalex.org/W4238470486","https://openalex.org/W4239620179","https://openalex.org/W4241150874","https://openalex.org/W4241583458","https://openalex.org/W4242505993","https://openalex.org/W4242645630","https://openalex.org/W4242843763","https://openalex.org/W4244374732","https://openalex.org/W4244515610","https://openalex.org/W4244799990","https://openalex.org/W4245096590","https://openalex.org/W4245374641","https://openalex.org/W4248530912","https://openalex.org/W4249232502","https://openalex.org/W4249283838","https://openalex.org/W4249822272","https://openalex.org/W4250667111","https://openalex.org/W4251742643","https://openalex.org/W4251974468","https://openalex.org/W4252410202","https://openalex.org/W4255972513","https://openalex.org/W4256070444","https://openalex.org/W4256339258","https://openalex.org/W4292027009"],"related_works":["https://openalex.org/W2027759375","https://openalex.org/W7098060016","https://openalex.org/W7011415734","https://openalex.org/W1578803912","https://openalex.org/W2076331266","https://openalex.org/W2018164742","https://openalex.org/W7099724873","https://openalex.org/W6991854910","https://openalex.org/W1691904282","https://openalex.org/W2110284717"],"abstract_inverted_index":null,"counts_by_year":[{"year":2023,"cited_by_count":1},{"year":2018,"cited_by_count":1},{"year":2016,"cited_by_count":3},{"year":2015,"cited_by_count":2},{"year":2014,"cited_by_count":1},{"year":2013,"cited_by_count":2},{"year":2012,"cited_by_count":3}],"updated_date":"2026-10-15T10:00:46.086208","created_date":"2016-06-24T00:00:00"}
