Financial distress and the role of management in micro and small‑sized firms
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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In this paper, we focus on the managerial characteristics of micro and small-sized firms. Using linked employer-employee data on the Portuguese economy for the 2010-2018 period, we estimate the impact of management teams’ human capital on the probability of firms becoming financially distressed and their subsequent recovery. Our estimates show...
