Economic Crisis and Firm Contagion: The Mexican Experience (Crisis Economica Y Contagio Empresarial: La Experiencia Mexicana)

18 Pages Posted: 10 Mar 2004

See all articles by Karen Watkins

Karen Watkins

UPAEP

J. Spronk

Erasmus Research Institute of Management (ERIM)

Lucia Felix

Universidad Popular Autonoma del Estado de Puebla (UPAEP)

Date Written: March 8, 2004

Abstract

The term financial contagion often refers to contagion between countries. However, firms also manifest contagion during financial crises, which can be determined according to operational and financial results. This research studies how 88 private, non-financial Mexican firms got contagion and recovery from the 1994 economic crisis. Results show that the periods and degree of contagion and recovery depend on the industry and size of companies.

Note: Downloadable document is in Spanish.

Keywords: contagion, financial crisis, firm-level data

JEL Classification: G0, G30, F3

Suggested Citation

Watkins, Karen and Spronk, Jaap and Felix, Lucia, Economic Crisis and Firm Contagion: The Mexican Experience (Crisis Economica Y Contagio Empresarial: La Experiencia Mexicana) (March 8, 2004). Available at SSRN: https://ssrn.com/abstract=515342 or http://dx.doi.org/10.2139/ssrn.515342

Karen Watkins (Contact Author)

UPAEP ( email )

21 sur 1103 Barrio
Puebla, 72410
Mexico

Jaap Spronk

Erasmus Research Institute of Management (ERIM) ( email )

P.O. Box 1738
3000 DR Rotterdam
Netherlands

Lucia Felix

Universidad Popular Autonoma del Estado de Puebla (UPAEP) ( email )

21 sur 1103 Barrio
Puebla, 72410
Mexico

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