Management turnover, ownership change, and post-bankruptcy failure of small businesses
Abstract
We provide the first analysis of management turnover and ownership change as determinants of post-bankruptcy failure of small businesses. Examining micro-level data on Slovenian firms that attempted bankruptcy reorganization and utilizing multiple empirical approaches, we find that changes prior to completed reorganization proceedings never reduce, and in the case of foreign incoming owners or insider incoming managers in fact increase,...
Paper Details
Title
Management turnover, ownership change, and post-bankruptcy failure of small businesses
Published Date
Apr 13, 2020
Journal
Volume
57
Issue
1
Pages
555 - 581
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