Corporate life cycle has received considerable interest in the accounting, finance and
corporate governance literature. We synthesize this literature to inform readers about the …

This survey paper synthesizes theory and evidence on processes of firm-level aging. We
discuss why anthropomorphic analogies are not helpful for understanding firm aging …

Large Japanese banks often engaged in sham loan restructurings that kept credit flowing to
otherwise insolvent borrowers (which we call zombies). We examine the implications of …

In this paper we study the relevance of the gender of the contracting parties involved in
lending. We show that female entrepreneurs face tighter credit availability, even though they …

This paper explores the connection between" zombie" firms (firms that would typically exit in
a competitive market) and bank health and the consequences for aggregate productivity in …

Why do some firms grow faster than others? Although various observed and unobserved
aspects of firms have been suggested as potential drivers of firm heterogeneity, economists …

We investigate the corpus of literature on firm exit by means of a systematic literature review
(SLR) which yields a final sample of 142 journal articles for the period 1991–2020. The …

Purpose Sustainable building materials (SBMs) have recently been promoted to foster
sustainable construction. While previous studies successfully presented the broad picture of …

This paper investigates how economic policy uncertainty affects firms' frequency and their
choice of financial instruments to raise capital. By applying a three-step sequential …

Utilizing a panel dataset of firms for the period 1999–2008, we estimated the prevalence of
zombies among Japanese Small-and Medium-sized enterprises (SMEs) and their borrowing …