Currency exchange rate pressures lead to an increase in the exit rates of very small manufacturers (fewer than 20 employees), finds a report released today by the Office of Advocacy of the U.S. Small Business Administration.
 
Interestingly, small manufacturers in high-tech industries are more insulated from international competitive pressures than those in other sectors,” said Robert Feinberg, professor at American University and author of the paper.
 
The study, The Impact of International Competition on Small-Firm Exit in U.S. Manufacturing, focused on 1990 to 2004. The author noted little variation in the overall exit rate of small manufacturers over time, but a reasonable amount of variation across firm size and industry.
 
Factors affecting exit …