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and UK firms. We consider the monitoring role of large blockholders, the market for share blocks, creditors, and non … creditors play an active role in disciplining. Block purchases have a monitoring role in Belgium and Germany, but not in France …
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and UK firms. We consider the monitoring role of large blockholders, the market for share blocks, creditors, and non … creditors play an active role in disciplining. Block purchases have a monitoring role in Belgium and Germany, but not in France …
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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...
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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...
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