The effects of the 2007 global economic crisis on firm relocation factors: SME movements from Greece to Bulgaria

Kapitsinis, Nikolaos ORCID: https://orcid.org/0000-0002-3285-9894 2018. The effects of the 2007 global economic crisis on firm relocation factors: SME movements from Greece to Bulgaria. Capik, Pawel and Dej, Magdalena, eds. Relocation of Economic Activity Contemporary Theory and Practice in Local, Regional and Global Perspectives, Springer, pp. 125-143. (10.1007/978-3-319-92282-9_8)

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Abstract

This chapter examines the ways in which the 2007 global economic crisis has influenced firm relocation factors. Firm mobility constitutes a dynamic process, with its aspects changing in response to significant broader processes, such as globalisation. Specifically, the recent crisis has modified the socio-economic conditions under which firms operate. In order to examine the crisis-driven changes in firm mobility, this chapter employs a comparative analysis of the pre- and post-crisis relocation of Greek small and medium-sized companies to Bulgaria, which has recently increased. Greece is at the epicentre of academic and political debate in Europe, being the European Union member state mostly affected by the crisis. In the context of the changing economic and institutional conditions, it is demonstrated that the significance of the firm relocation factors, such as labour cost and level of demand, records considerable differences between the pre- and the post-crisis period.

Item Type:	Book Section
Date Type:	Publication
Status:	Published
Schools:	Business (Including Economics)
Subjects:	G Geography. Anthropology. Recreation > G Geography (General) H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Publisher:	Springer
ISBN:	978-3-319-92281-2
Last Modified:	24 Oct 2022 07:16
URI:	https://orca.cardiff.ac.uk/id/eprint/114499

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