This study investigates whether and how social security contributions affect corporate
financing decisions. Treating the 2011 Social Insurance Law in China as a quasi-natural …

This paper systematically investigates the relationship between digital inclusive finance and
small and medium enterprises (SMEs) financing constraints. We extrapolate the influence …

In this article, we ask how bankruptcy law affects the financial decisions of corporations and
its implications for firm dynamics. According to current US law, firms have two bankruptcy …

'Zombie lending'occurs when a lender supports an otherwise insolvent borrower. Recent
studies document that zombie lending has been widespread following the European …

The paper is systematic scrutiny of studies on financial distress, prediction, and strategies
firms adapt to deal with the difficulty. To this end, the paper offers a dissection and …

For a sample of OECD countries, I document a systematic positive relationship between (i)
aggregate productivity,(ii) the employment share by large firms and (iii) the proportion of …

Essays in Firm Heterogeneity and Financial Frictions Page 1 Essays in Firm Heterogeneity and
Financial Frictions Dissertation Presented in Partial Fulfillment of the Requirements for the …

Firms file for reorganization bankruptcy (Chapter 11) to restructure, not only debt, but also,
labor contracts. In this environment, pro-creditor bankruptcy reforms face a trade-off: they …

The synthetic control method (SCM) is a valuable tool for unbiased pre-bankruptcy reform
analysis in economic policy evaluations. This study utilizes SCM to assess the impact of the …

Abstract'Zombie lending'occurs when a lender supports an otherwise insolvent borrower.
Recent studies document that zombie lending to European firms has been widespread …