We estimate the impact of the COVID-19 crisis on business failures among small and medium size enterprises (SMEs) in seventeen countries using a large representative firm-level database. We use a simple model of firm cost-minimization and measure each firm's liquidity shortfall during and after...

Prelims -- Preface -- Contents -- Contributors -- 1 The Evolution of Insolvency law in France -- 2 The Reforms of the Enterprise Act 2002 and the Floating Charge as a Security Device -- 3 The Effect of the Enterprise Act 2002: Empirical Research into Corporate Insolvency -- 4 Comment and Summary...

This book investigates the taxation of companies under economic and financial distress. A company in economic distress has no or low profitability and a low going-concern value. On the other hand, a company in financial distress is a viable entity with current, but not necessarily long-term,...

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 points, representing 4.6 percent of private sector...

The coordination of legal systems is a concept that has occupied the minds of legislators, political leaders and legal academics for centuries, particularly with a view towards facilitating business across borders. Within the European Union, coordination has been achieved to some extent in those...

We estimate the impact of the COVID-19 crisis on business failures among small and medium-size enterprises (SMEs) in seventeen countries using a large representative firm-level database. We use a simple model of firm cost minimization and measure each firm’s liquidity shortfall during and...