Exit Strategies and Plant-Closing Decisions: The Case of Steel
Volume: Volume 22, No. 2
Issue: Summer 1991
Pages: pp. 250-263
Authors: Mary E. Deily
Title: Exit Strategies and Plant-Closing Decisions: The Case of Steel
Abstract: Several articles show that differences in firm characteristics such as size or diversification may affect plant-closing decisions during an industry's decline such that higher-cost plants survive lower-cost plants. Examination of the plant-closing decisions of integrated steel firms indicates that individual plant characteristics that determine expected revenues and costs explain much of the firms' plant-closing behavior but that firm size may have had some effect at well.
JEL Classification
Metals and Metal Products; Cement; Glass; Ceramics (L610)
Industry Studies Manufacturing Metals; Iron, Steel, and Other (6312)