@article{ref1,
title="The Effect of Latent Hazards on Firm Exit in Manufacturing Industries",
journal="International review of law and economics",
year="1998",
author="Merolla, A.Todd",
volume="18",
number="1",
pages="13-24",
abstract="This paper provides a theoretical and empirical examination of the impact of latent hazards on manufacturing firms. I discuss the effects of corporate structure and changes in legal regime on firm exit and derive several testable propositions. The empirical analysis tests whether a firm's expected liability from latent hazards affects the length of time the firm remains in business. I find that firms in more hazardous industries have shorter life spans. This research is the first extensive empirical study on the exit decisions of firms in hazardous industries.<p />",
language="",
issn="0144-8188",
doi="10.1016/S0144-8188(97)00054-9",
url="http://dx.doi.org/10.1016/S0144-8188(97)00054-9"
}