Research from Trinity College has highlighted the dangers of businesses being closed for long periods of time.
The research was undertaken by Professor Andrew Burke, Dean of Trinity Business School, and peers last year. It shows that "if a firm formally exits a market, as opposed to a temporary closure of its door to business, this causes a long-term permanent decrease in the number of firms and industry profits."
Ian Guider, markets editor of the Business Post, discussed this story and more in our daily business round-up, including:
- NTMA raises €6 billion in sale of seven-year bond
- EU finance ministers still at loggerheads over how to pay for rescue of economy
Listen to the interview in full by pressing the play button on this page.
