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Small firms are an important source of income for the poor in developing countries, and the target of many interventions designed to help them grow. But there is no systematic information on the failure or death of such firms. The paper puts together 16 panel surveys from 12 different developing...
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Insolvency law is broadly recognized as an essential tool in well-functioning economies. A balance of mechanisms that … micro, small and medium enterprises (“MSME”) under the Canada Bankruptcy and Insolvency Act. It undertakes a qualitative … examination of 200 business insolvencies in 2015, in order to try to understand the reasons for insolvency, types of debt, and …
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This paper examines the relationship between firm performance and cost of debt. More specifically this paper empirically shows that fund providers charge lower cost on debt for highly performing companies compared to lower performing companies. We argue that the profitable companies are more...
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, at different time distance to default. Finally, probit and logit estimation of default probabilities, testing for the …
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The analysis in this paper gives attention to effects on firm survival which come from entrepreneurial experience. It is likely that different kinds of experience result in different firm developments and therefore in different types of firm exit. Particular emphasis is placed upon the effects...
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