We estimate the impact of COVID-19 on business failures for small and medium sized enterprises (SMEs) using firm …-level data in seventeen countries. Absent government support, the failure rate of SMEs would have increased by 9.1 percentage …

We examine the effect of patenting on the survival prospects of 356 internet-related firms that IPO'd at the height of …

, accepted in the court-administered rehabilitation procedures after the post-crisis bankruptcy reform in Korea, had experienced … less persistent problems in the pre-bankruptcy Total-Factor-Productivity (TFP) performances than those before the reform …. The most crucial element of the post-crisis reform in the post-crisis court-administered bankruptcy system is the …

theory, firms with higher bankruptcy costs, i.e., smaller firms and firms with lower asset tangibility, choose capital … structures with higher bankruptcy risk. Further analysis suggests that the capital structures of smaller firms with lower asset … shocks, making them more susceptible to bankruptcy risk …