Simeon Djankov

TL;DR: In this paper, the authors used nationally representative survey data from Mexico to compare households with savings accounts in formal financial institutions to their neighbors who do not have such accounts, and found that the median banked household spends 32 percent more per capita than the median unbanked household, and the median per capita wealth in banked households is 88 percent higher than that in unbanked households.

TL;DR: In this paper, Klapper et al. identified 644 firms as financially distressed and 83 firms filed for bankruptcy during the 1997-1998 financial crisis in East Asia and found that stronger creditor rights and a better judicial system in the country increased the likelihood of bankruptcy filing.

TL;DR: In this paper, the importance of integration into world markets following the collapse of central planning in explaining the productivity growth performance of Bulgarian firms was analyzed, using a large panel data set on 1,300 manufacturing firms for 13 quarters.

TL;DR: In this article, the authors estimate the survival time of nearly 7,000 firms in a dozen high-income and middle-income countries in a scenario of extreme economic distress, using the World Bank's Enterprises Surveys.

TL;DR: A study of the five countries most affected by the East Asian financial crisis as discussed by the authors showed that more than 60 percent of firms are illiquid and 30 percent are technically insolvent, among solvent firms, about half are at risk of insolvency unless their liquidity constraints are relieved.