The impact of 2008 financial crisis on firm’s productivity: evidence from Latvia, Lithuania and Romania

摘要: This study examines the impact of 2008 financial crisis on firms’ productivity in Latvia, Lithuania, and Romania by using World Bank’s Enterprise Financial Crisis Survey data. The Work Bank carried out survey to have a short, quick, cost-efficient evaluation effect global companies European Central Asian countries. We find that different firm-specific variables affect firm’s Romania. Firms benefited from huge market potential this location proximity capital city can improve chance being less affected only Latvia. On contrary findings for are not statistically significant firms Lithuania Working financing matters Latvia while short-term leverage is important More interestingly, we observe R&D expenses may able performance at time crisis.