Poorly performing firms need to improve their profitability through restructuring their operations. In many cases this means downsizing by means of collective layoff of employees. Based on a unique sample of Belgian firms reporting collective layoffs this paper analyzes whether a firm dismisses...

We examine the effects of a local content requirement (LCR) in the context of potential vertical cooperation between a host country''s upstream and downstream producers and foreign direct investment (FDI) in upstream manufacturing by a foreign multinational. The relationship- specific investment...

The effects of increasing import competition on the exit of heterogeneous domestic fi?rms are investigated, both at the theoretical and empirical level. Within the context of an oligopolistic rivalry model, marginal cost fl?exibility and product differentiation with respect to the imported goods...

This article analyses the determinants of individuals' choice for self-employment and entrepreneurial success in Cote d'Ivoire. Entrepreneurial activity is found to be undertaken by individuals who succeed in increasing their entrepreneurial abilities and reducing the risk of starting a business...