Why Some Companies Struggle while Others Thrive: Examining Factors that Affect Firm Performance During the 2007-2008 Financial Crisis


Anchisa Pongmanavuth, Harvard College ‘16

Abstract

Firm performance during the 2007-2008 financial crisis shows a large discrepancy with some going bankrupt while others achieving growth and success. I attempt to explain this phenomenon by examining how management quality and firm size affect company performance. While CEO’s experience and a large number of employees show statistically significant associations with positive firm performance, the magnitudes of the effects are smaller than predicted. This may be explained by the severity of the financial crisis and the dependency of various firm characteristics on industry.

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