Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/280084 
Year of Publication: 
2023
Citation: 
[Journal:] Wirtschaftsdienst [ISSN:] 1613-978X [Volume:] 103 [Issue:] 11 [Year:] 2023 [Pages:] 788-790
Publisher: 
Sciendo, Warsaw
Abstract: 
Corporate bankruptcy in Germany has been on a long-run decline. Even before the recent double crisis of the pandemic and multiple cost shocks, bankruptcy figures were one-third lower than around the turn of the century but were larger and affected more mature firms. With the onset of the double crisis, bankruptcies plummeted further while the number of affected jobs rose initially. Government rescue programmes hindered the exit of many small unproductive firms. Since mid-2023, bankruptcies of registered firms are higher than before the pandemic. Due to the current recession and the need to repay government support, the number of bankruptcies will rise until the end of 2023 and likely beyond.
JEL: 
D22
L11
L22
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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