This paper examines the role of geography and culture in explaining bankruptcy. We adopt survival analyses to model the …-periphery approach, has a significant impact on its bankruptcy risk; (ii) Variables proxying for the cultural environment of a firm have … confirmed. -- bankruptcy ; geography ; culture ; exit …

systematically larger along the pre-Islamic trade routes in the Old World. The theory argues that this particular type of geography … across regions, fostering predatory behavior from the poorly endowed ones. In such an environment it was mutually beneficial …, capital accumulation remained low and wealth inequality bounded. Geography and trade shaped the set of economically relevant …