Does the natural selection mechanism still work in severe recessions?: Examination of the Japanese economy in the 1990s

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Firm Age and the Evolution of Borrowing Costs: Evidence from Japanese Small Firms (2010, unknown): “[25] Nishimura, Kiyohiko, Takanobu Nakajima, and Kozo Kiyota.”
Exports, FDI, and Productivity: Dynamic Evidence from Japanese Firms (2006, methodology): “For other data and their manipulation, we adopt the methodology described in the Appendix in Nishimura et al. (2005).”
Breaking the Shackles: Zombie Firms, Weak Banks and Depressed Restructuring in Europe (2017, unknown): “Nishimura et al. (2005) find that firms with relatively high MFP exited, while firms with relatively low MFP stayed in the market, an indication of unnatural selection.”
Product Innovation and Survival in a High-Tech Industry (2009, background): “9With a few exception (Nishimura, Nakajima, and Kiyota, 2005), the con- tribution of this market selection is generally positive.”
Zombie firms and economic stagnation in Japan (2005, result): “11These results are consistent with the findings in Nishimura et al. (2005) that efficient firms exited the Japanese economy while inefficient ones survived during the banking crisis of 1996– 1997.”