Exit Strategies and Plant-Closing Decisions: The Case of Steel
研究钢铁行业衰退期企业关闭工厂的决策，发现工厂自身特征（如预期收益和成本）能解释大部分关闭行为，但企业规模也有一定影响。
Several articles show that differences in firm characteristics such as size or diversification may affect plant-closing decisions during an industry's decline such that higher-cost plants survive lower-cost plants. Examination of the plant-closing decisions of integrated steel firms indicates that individual plant characteristics that determine expected revenues and costs explain much of the firms' plant-closing behavior but that firm size may have had some effect at well.