What determines the growth of micro firms in the euro area?


  • Sophia Dimelis Professor, Athens University of Economics and Business, Department of Informatics
  • Ioannis Giotopoulos Assistant Professor, University of Peloponnese, School of Economy, Management & Informatics, Department of Economics
  • Helen Louri Professor, Athens University of Economics and Business, Department of Economics Research Asssociate, London School of Economics, EI/HO.




This paper explores the diverging impact of country- and firm-specific factors on the growth of micro firms in the euro area (2005-2011) along different growth quantiles. While bank credit and firm sales seem to be important for all size groups and quantiles, micro firms are found to be particularly vulnerable to country-specific conditions, especially financial stability, country risk, banking concentration and post-crisis location in the European periphery, the most exposed ones being those with the slowest growth.


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How to Cite

Dimelis, S., Giotopoulos, I., & Louri, H. (2016). What determines the growth of micro firms in the euro area?. Economics and Business Letters, 5(4), 145-151. https://doi.org/10.17811/ebl.5.4.2016.145-151