Corporate default and judicial efficiency in the EU-27: Evidence from a large sample of firms

Serena Fatica (), Oliviero Tommaso () and Michela Rancan ()
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Serena Fatica: European Commission - Joint Research Centre and Mofir
Oliviero Tommaso: University of Naples Federico II, Csef, Mofir and Cefes
Michela Rancan: University of Milan

No WP2025/39, Single Market Economics Papers from Directorate-General for Internal Market, Industry, Entrepreneurship and SMEs (European Commission), Chief Economist Team

Abstract: The paper documents significant differences in the drivers of insolvency across firm size categories, based on a large sample of firms operating in the EU-27 between 2007 and 2018.

Keywords: bankruptcy; financial distress; SMEs; EU-27; judicial efficiency (search for similar items in EconPapers)
JEL-codes: G33 K22 L25 O52 (search for similar items in EconPapers)
Pages: 53 pages
Date: 2025-03
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Persistent link: https://EconPapers.repec.org/RePEc:bda:wpsmep:wp2025/39

DOI: 10.2873/1093388

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