Der Ausbruch der Corona-Pandemie zu Beginn des Jahres 2020 beendete die längste Wachstumsphase der Wirtschaft im wiedervereinten Deutschland. Schon die erste Welle der Corona-Krise bedeutet einen großen Einschnitt in die Geschäftstätigkeit vieler Betriebe in Deutschland, etwa zwei Drittel...

There remains considerable debate in both the theoretical and empirical literature about the differences in the cyclical dynamics of firms by firm size. Some have hypothesized that small firms are more sensitive to cycles while others have posited that larger firms are more sensitive....

There remains considerable debate in the theoretical and empirical literature about the differences in the cyclical dynamics of firms by firm size. This paper contributes to the debate in two ways. First, the key distinction between firm size and firm age is introduced. The evidence presented in...