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This paper explores the spillover of protests across countries using data on nonviolent and spontaneous demonstrations for 200 countries from 2000 to 2020. Using an autoregressive spatial model, the analysis finds strong evidence of "contagious protests," with a catalyzing role of social media....
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We provide the first comprehensive cost-benefit analysis of government-led reorganization programs for financially distressed firms in transition economies. The study is based on empirical evidence on the programs in Albania, Arinenia, Bulgaria, FYR Macedonia, Romania, Kazakhstan, Kyrgyz...
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insurance against the likelihood of bankruptcy during bad times, possibly at the expense of minority shareholders. Bankruptcy is … to force a firm to file for bankruptcy. The widespread financial crisis in East Asia caused large economic shocks, which … the use of bankruptcy processes in a number of economies. Claessens, Djankov, and Klapper study the use of bankruptcy in …
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