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Are there alternatives to bankruptcy? : a study of small business distress in Spain

García-Posada, Miguel; Mora-Sanguinetti, Juan S. - In: SERIEs : Journal of the Spanish Economic Association 5 (2014) 2/3, pp. 287-332

Small businesses, the majority of Spanish firms, rarely file for formal bankruptcy when dealing with financial distress …. This is why business bankruptcy rates in Spain are among the lowest in the world, even during the current economic crisis …. To explain this fact we present the following hypothesis. Filing for bankruptcy in Spain is very costly for both small …

Persistent link: https://www.econbiz.de/10010422287

Resolution of corporate insolvency during COVID-19 pandemic : evidence from France

Stef, Nicolae; Bissieux, Jean-Joachim - In: International review of law and economics 70 (2022), pp. 1-16

Persistent link: https://www.econbiz.de/10013282619

Household financial distress and the burden of "aggregate" shocks

Athreya, Kartik B.; Mather, Ryan; Mustre-del-Río, José; … - 2020

The goal of this paper is to show that household-level financial distress (FD) varies greatly, meaning there is unequal exposure to macroeconomic risk, and that FD can increase macroeconomic vulnerability. To do this, we first establish three facts: (i) regions in the U.S. vary significantly in...

Persistent link: https://www.econbiz.de/10012391177