Prior to being a simple concept, the entrepreneurial failure is a multidimensional phenomenon. To contribute to its … comprehension, this paper proposes to develop a synthetic vision of failure in order to escape a behavioral and partial approach … between the performance (or failure) of companies and some environmental variables. We also introduce a dynamic view of …

Encouraged by the forbearance of creditors and exit barriers (e.g., inefficient insolvency regimes), the zombie …. In this paper, we examine the recovery and exit of zombie firms, as well as the determinants of these transitions. Based … productivity levels. Finally, we find that the probability of transition into recovery and exit is relatively small. However …