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 …

As firms grow older, their profitability seems to decline. We first document this phenomenon
and show that it is very robust. Then we offer two non-exclusive explanations of why firms …

Abstract Research Summary The recent electoral popularity of populism suggests our
understanding of global and domestic institutions and their impact and relevance to …

This paper contributes to the debate on the determinants of business failure and helps to
clarify the effect of internal innovation efforts and external knowledge sources in a hazard …

This article is a critical evaluation of claims that business exits should not be seen as
failures, on the grounds that may constitute voluntary liquidation, or because they are …

This paper examines firm-level determinants of mature firm exits after economic distress.
Using nested logit models and a sample of 6,118 distress-related exits in Belgium, we …

Applying machine learning techniques to predict bankruptcy in the sample of French, Italian,
Russian and Spanish firms, the study demonstrates that the inclusion of economic policy …

This study explores firm-and country-specific antecedents of African M&As. We use one of
the largest datasets to-date, consisting of 1490 unique African firms (11,183 firm-year …

We study the impact of both microeconomic factors and the macroeconomy on the financial
distress of Chinese listed companies over a period of massive economic transition, 1995 to …

The problem of instability of industries, clusters and states influences the countries'
economies. Unavoidable changes became an attribute of the strategic planning at every …