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Corporate behaviour and chances of survival in a post-socialist transitional economy

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Janky B., Lengyel G.

Kozgazdasagi Szemle (Economic Review)

2004

vol. 51

issue 7/8

699-716

The study uses panel data to examine the factor affected medium-term changes in the chances of survival among Hungarian manufacturing firms. The researchers revisited in 2000 firms surveyed in a 1993 sample. The figures show firms' survival chances vary essentially not only by industry, size of labour force and utilization of capacity, but according to managerial behaviour and corporate strategy. Those whose managers believed in 1993 that behaviour breaching accepted norms would succeed in the economy had a lower than average likelihood of surviving until the end of the decade. The survival rate was higher among those whose managers thought they would be successful or were already applying crisis-management techniques of a remedial nature in 1993, than among those using delaying tactics to tackle a crisis caused by the transformational recession.

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1 Kozgazdasagi Szemle (Economic Review)

1 Janky B.

1 Lengyel G.

1 2004

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Corporate behaviour and chances of survival in a post-socialist transitional economy