Heim, Sven; Hüschelrath, Kai; Schmidt-Dengler, Philipp; … - 2016
survival and financial viability of aided firms. Using a comprehensive dataset we find that restructuring aid increases a firm …’s average survival time by 8 to 15 years and decreases the hazard rate by 58 to 68 percent, depending on the definition of firm … survival. Further analysis finds strong support that, in the longer run, aid receiving firms have a significantly higher …