The Global Crisis and the Subsidies to Manufacturing Firms
The 2008-2009 global crisis has severely affected the world economy. Most national governments utilized fiscal policy measures including subsidies to reinforce and sustain their economies. In this study we examine the impact of the 2008-2009 global crisis on subsidies paid to manufacturing firms eit...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Sciendo
2019-08-01
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| Series: | Studies in Business and Economics |
| Subjects: | |
| Online Access: | https://doi.org/10.2478/sbe-2019-0024 |
| _version_ | 1828924031486656512 |
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| author | Dincer Kaya Halil Nilgun Balas Ayse |
| author_facet | Dincer Kaya Halil Nilgun Balas Ayse |
| author_sort | Dincer Kaya Halil |
| collection | DOAJ |
| description | The 2008-2009 global crisis has severely affected the world economy. Most national governments utilized fiscal policy measures including subsidies to reinforce and sustain their economies. In this study we examine the impact of the 2008-2009 global crisis on subsidies paid to manufacturing firms either by their governments or the European Union (i.e. EU). Our results indicate that, overall, a significantly larger proportion of firms had received subsidies after the global crisis. When we look into different subgroups, we find that firm size, female ownership, female management, and quality certification did not matter (more firms in all of these subgroups had received subsidies). On the other hand, our results demonstrate that firm type and top manager’s experience level made a difference in terms of subsidies received after the crisis. |
| first_indexed | 2024-12-13T22:48:32Z |
| format | Article |
| id | doaj.art-4eca03de85ce42128504096487edcff8 |
| institution | Directory Open Access Journal |
| issn | 2344-5416 |
| language | English |
| last_indexed | 2024-12-13T22:48:32Z |
| publishDate | 2019-08-01 |
| publisher | Sciendo |
| record_format | Article |
| series | Studies in Business and Economics |
| spelling | doaj.art-4eca03de85ce42128504096487edcff82022-12-21T23:28:40ZengSciendoStudies in Business and Economics2344-54162019-08-01142415410.2478/sbe-2019-0024sbe-2019-0024The Global Crisis and the Subsidies to Manufacturing FirmsDincer Kaya Halil0Nilgun Balas Ayse1Northeastern State University, USAVirginia State University, USAThe 2008-2009 global crisis has severely affected the world economy. Most national governments utilized fiscal policy measures including subsidies to reinforce and sustain their economies. In this study we examine the impact of the 2008-2009 global crisis on subsidies paid to manufacturing firms either by their governments or the European Union (i.e. EU). Our results indicate that, overall, a significantly larger proportion of firms had received subsidies after the global crisis. When we look into different subgroups, we find that firm size, female ownership, female management, and quality certification did not matter (more firms in all of these subgroups had received subsidies). On the other hand, our results demonstrate that firm type and top manager’s experience level made a difference in terms of subsidies received after the crisis.https://doi.org/10.2478/sbe-2019-0024subsidysubsidiesmanufacturingglobal crisis |
| spellingShingle | Dincer Kaya Halil Nilgun Balas Ayse The Global Crisis and the Subsidies to Manufacturing Firms Studies in Business and Economics subsidy subsidies manufacturing global crisis |
| title | The Global Crisis and the Subsidies to Manufacturing Firms |
| title_full | The Global Crisis and the Subsidies to Manufacturing Firms |
| title_fullStr | The Global Crisis and the Subsidies to Manufacturing Firms |
| title_full_unstemmed | The Global Crisis and the Subsidies to Manufacturing Firms |
| title_short | The Global Crisis and the Subsidies to Manufacturing Firms |
| title_sort | global crisis and the subsidies to manufacturing firms |
| topic | subsidy subsidies manufacturing global crisis |
| url | https://doi.org/10.2478/sbe-2019-0024 |
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