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The determinants of firm exit in the French food industries
[Productivité, coûts irrécupérables et sortie d’activité : le cas des firmes agro-alimentaires françaises]

Author

Listed:
  • Pierre Blanchard

    (ERUDITE - Equipe de Recherche sur l’Utilisation des Données Individuelles en lien avec la Théorie Economique - UPEM - Université Paris-Est Marne-la-Vallée - UPEC UP12 - Université Paris-Est Créteil Val-de-Marne - Paris 12)

  • Jean Pierre Huiban

    (ALISS - Alimentation et sciences sociales - INRA - Institut National de la Recherche Agronomique, UPEC UP12 - Université Paris-Est Créteil Val-de-Marne - Paris 12)

  • Claude Mathieu

    (ERUDITE - Equipe de Recherche sur l’Utilisation des Données Individuelles en lien avec la Théorie Economique - UPEM - Université Paris-Est Marne-la-Vallée - UPEC UP12 - Université Paris-Est Créteil Val-de-Marne - Paris 12)

Abstract
Nous étudions les facteurs qui déterminent la propension des firmes à cesser leur activité. La productivité individuelle de la firme n'est pas directement observée mais estimée selon l'approche proposée par Ackerberg et al. (2006). Elle est ensuite introduite dans une équation de sortie à côté d'autres variables. On utilise un panel non cylindré de 5 849 firmes des industries agro-alimentaires françaises observées entre 1996 et 2002. La probabilité de cesser l'activité est négativement reliée à la productivité individuelle et l'âge de la firme. Au-delà de ces premiers résultats bien connus, nous montrons aussi que le niveau des coûts irrécupérables peut constituer une barrière importante à la sortie. La relation entre la propension à la sortie de la firme et le degré de concentration de l'industrie est marquée par la présence d'un seuil de retournement : d'abord croissante, la relation devient décroissante une fois ce point dépassé.

Suggested Citation

  • Pierre Blanchard & Jean Pierre Huiban & Claude Mathieu, 2012. "The determinants of firm exit in the French food industries [Productivité, coûts irrécupérables et sortie d’activité : le cas des firmes agro-alimentaires françaises]," Post-Print hal-02643023, HAL.
    • Handle: RePEc:hal:journl:hal-02643023
    Note: View the original document on HAL open archive server: https://hal.inrae.fr/hal-02643023
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    6. Cabrillac, B. & Gauvin, L. & Gossé, L., 2016. "Les obligations indexées sur le PIB : quels bénéfices pour les émetteurs, les investisseurs et la stabilité financière internationale ?," Bulletin de la Banque de France, Banque de France, issue 208, pages 5-20.
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    9. Paula Sarmento & Rosa Forte, 2019. "Does Foreign Presence Induce Host Country Firms’ Exit? The Case of Portugal," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 25(3), pages 323-337, August.
    10. Geoffroy Enjolras & Philippe Madiès, 2020. "The role of bank analysts and scores in the prediction of financial distress: Evidence from French farms," Economics Bulletin, AccessEcon, vol. 40(4), pages 2978-2993.
    11. Carl Gaigné & Bruno Larue, 2016. "Public quality standards and the food industry’s structure in a global economy," Review of Agricultural, Food and Environmental Studies, Springer, vol. 97(2), pages 141-148, September.
    12. Bureau, B. & Libert, T., 2016. "Enjeux économiques des défaillances d’entreprises en France," Bulletin de la Banque de France, Banque de France, issue 208, pages 55-63.
    13. Dongmei Tu & Yao Li & Yong Zeng, 2019. "The Effects Of Environmental Regulation On Exporters’ Exiting Behavior: The Evidence From China," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 64(02), pages 301-321, March.
    14. Redha Fares & Amélie Guillin & Claude Mathieu, 2020. "Failing and exporting firms: a paradox?," Erudite Working Paper 2020-08, Erudite.
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    16. Greaney, Theresa M. & Li, Yao & Tu, Dongmei, 2017. "Pollution control and foreign firms’ exit behavior in China," Journal of Asian Economics, Elsevier, vol. 48(C), pages 148-159.
    17. Boileau, A. & Carlino, L. & Lafon, A.-S., 2016. "Au premier semestre 2016, les principaux groupes français renforcent leur profitabilité," Bulletin de la Banque de France, Banque de France, issue 208, pages 43-54.
    18. Coffinet, J. & Jadeau, C. & Perillaud, S., 2016. "Tendances récentes du crédit à la consommation," Bulletin de la Banque de France, Banque de France, issue 208, pages 29-41.
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    More about this item

    Keywords

    Firm; Food industry; Productivity; Sunk cost; Concentration; Exit;
    All these keywords.

    JEL classification:

    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • L66 - Industrial Organization - - Industry Studies: Manufacturing - - - Food; Beverages; Cosmetics; Tobacco

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