Globalization, despite all of its advantages, poses serious threats to the world economies. One of\nthe vital issues is global crisis arising from various sources. Firms develop strategies for crisis\nmanagement in order to be least affected from the global crisis. The main purpose of this study is\nto put forward behavioral trends of the firms in crisis period. A questionnaire study is conducted\nto 167 agri-products export firms. Factor analysis is used to identify behavioral dimensions of the\nfirms during global crisis. These dimensions are used as input to cluster analysis in order to cluster\nthe firms on the basis of their decision trends (expansion, contraction or maintain the current\nposition) in risky environment. The results show that 21% of the firms make expansion decisions\nand 34.7% of them decide to go for contraction. These behavioral trends of the market participants\nin the face of crisis might be important for policy makers to take necessary measures in order\nto create a rational environment for firms to continue their operations.
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