Explaining distress-related firm exit: analysis of exit paths Universiteit Gent
Bankruptcies, voluntary liquidations, takeovers and mergers resulting from corporate financial distress play an important role in the economy and may have severe implications for many stakeholders. The current global climate of high failure rates has therefore attracted the attention of academia, practitioners and policy makers, aiming to gain a thorough insight into business failure. Diverse shortcomings in the existing literature on failure ...