This paper is a product of the Japan-Russia joint research project entitled "Corporate governance and integration processes in the Russian economy" under the auspices of the Institute of Economic Research, Hitotsubashi University (Tokyo) and the Institute for Industrial and Market Studies, State...

In this paper, we traced the survival status of 94,401 small businesses in 17 European emerging markets from 2007–2017 and empirically examined the determinants of their survival, focusing on institutional quality and financial development. We found that institutional quality and the level of...