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Table 1 Summary of Reviews.

From: Optimal bankruptcy regime: a literature review

No of articles

Central theme of articles

Key insights of articles

6

Zombie Credit and Firms

Zombie Lending and Zombies Firms, Firm Defaults and Entries, Limited Liability, Insolvent Banks,

1

Super Priority Finance

Super Priority Finance, Rescue Financing, etc., Interim Finance,

16

Bankruptcy Law and Procedures

Law and Economic Approach to Bankruptcy, Bankruptcies, Creditors Rights/Bargain, Liquidity, Debt Overhang

5

Recovery of Default

Loan Recovery, Collateral, Lending Capacity, Maximisation of Distressed Firm Value, Iiquidation, Continuation, etc.,

11

Entrepreneurial Entry-Exit, and Entrepreneurship Development

Entry and Exit, Firm Dynamics, Survival, Entrepreneurial-friendly Bankruptcy laws; Entrepreneurship Development, etc.,

3

Bankruptcies Around the World

Resolving Insolvency, Bankruptcies, Judicial Efficiency, Creditor Rights, Effective Bankruptcy Procedures, New Bank Loans, Recovery Rates

2

Bankruptcy and Firm Size

Bankruptcy, Firm Size, Credit Facility, Reasons for Small Firms Insolvency

4

Contracts and Lending

Incomplete Contracts, Lending, Foreclosure, Liquidation, Reorganisation, Debt Enforcement, Absolute Priority, etc

1

Capitalism, Socialism, and Democracy

Capitalism, Socialism, Democracy, Economic Development, Economic Theory, Economic Policies, Social Factors, and Economic Analysis

1

Doing Business

Parameters of ease of doing business like capital requirements; cost of doing business; judicial system; etc