How Firms Respond to Business Cycles: The Role of Firm Age and Firm Size

By Teresa C. Fort, John C. Haltiwanger, Ron S. Jarmin, Javier Miranda. IMF Economic Review, 2013

473 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/156e47bbb31d086b681e233041b9216eaa38e7a5

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Citations in the corpus

The growth potential of startups over the business cycle (2014, methodology): “In contrast to these studies, we use our general 4 Further related studies include Moscarini and Postel-Vinay (2012) and Fort et al. (2013), who study the cyclical sensitivities of large versus small and younger versus older firms, but do not focus on startups or cohorts.”
Firm Age, Investment Opportunities, and Job Creation (2016, unknown): “Likewise, our work is related to recent papers exploring the distinction between firm age and firm size (Haltiwanger et al., 2013; Fort et al., 2013; Hurst and Pugsley, 2011), as well as the literature on the impact of the recent crisis on young and small businesses (Fort et al., 2013; Duygan-Bump…”
The Dynamics of Employment Growth: New Evidence from 18 Countries (2014, methodology): “Recent work by Fort et al. (2012) enriches this analysis by investigating the role of age as well as size by using data from the US Census Bureau’s Business Dynamics Statistics from 1981 to 2010.”
Age and High-Growth Entrepreneurship (2020, background): “Empirical evidence for this mechanism continues to be debated (e.g., Holtz-Eakin et al. 1994a, 1994b; Hurst and Lusardi 2004; Nielsen 2012; Fort et al. 2013; Adelino et al. 2015).”
Did firm age, experience, and access to finance count? SME performance after the global financial crisis (2018, background): “One recent exception is Fort et al. (2013), who advanced the work of Haltiwanger et al (2013) by differentiating between small businesses of varying ages.”
Endogenous Liquidity and the Business Cycle (2015, background): “It is commonplace to find that, on their own, investment frictions cannot generate strong output responses.1 Instead, here there is a strong transmission of liquidity shocks through labor demand which has empirical support in recent work by Chodorow-Reich (2013) and Fort et al. (2013).”
Reallocation in the Great Recession: Cleansing or Not? (2016, unknown): “We categorize establishments in terms of the age of the parent firm to build on the insights of Fort et al. (2012) and FHS (2013). Fort et al. (2012) find establishments belonging to young and small firms are hit especially hard in the Great Recession.”
Where has all the skewness gone? The decline in high-growth (young) firms in the U.S. (2015, unknown): “Fort et al. (2013) show that the decline in the share of employment by young businesses (who are also small businesses) shows up in increased shares of older business, both large and small. As such, there is less of a noticeable trend in the share of activity by business size as opposed to business ”