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Economic failure and the role of plant age and size : first evidence from German administrative data
Müller, Steffen; Stegmaier, Jens - 2014
This paper introduces a large-scale administrative panel data set on corporate bankruptcy in Germany that allows for an … to bankruptcy risk but confirm negative size dependence for mature plants, only. Our results corroborate hypotheses … stressing increasing capabilities and positional advantage, both predicting negative age dependence with respect to bankruptcy …
Persistent link: https://www.econbiz.de/10010351870
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Determinants of acquisition and failure : stylized facts and lessons for empirical studies
Köke, F. Jens - 2001
This study provides new stylized facts on the determinants of corporate failure and acquisition in Germany. It also offers important lessons for the design of empirical studies. We show that firms experiencing failure or acquisition are significantly different from surviving firms on a number of...
Persistent link: https://www.econbiz.de/10011446202
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Liquidity, hedging and the survival of North German dairy farms
Hoehl, Stephan; Hess, Sebastian - In: European review of agricultural economics 49 (2022) 1, pp. 208-236
Persistent link: https://www.econbiz.de/10012798764
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Bankruptcy in Slovakia : international comparison of the creditor's position
Kliestikova, Jana; Misankova, Maria; Kliestik, Tomas - In: Oeconomia Copernicana 8 (2017) 2, pp. 221-237
Persistent link: https://www.econbiz.de/10012228841
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Financial Risks, Bankruptcy Probabilities, and the Investment Behaviour of Enterprises
Kirchesch, Kai - 2004
repayment obligations and thus the risk of bankruptcy. If the risk of bankruptcy enters the profit maximization of the firm, the … cover a period of 12 years. The empirical results confirm the assumption that the risk of bankruptcy is an important … decisions of enterprises, or whether bankruptcy probabilities better account for these potential financial risks. …
Persistent link: https://www.econbiz.de/10010295432
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Estimating probabilities of default with support vector machines
Härdle, Wolfgang Karl; Moro, Rouslan A.; Schäfer, Dorothea - 2007
This paper proposes a rating methodology that is based on a non-linear classification method, the support vector machine, and a non-parametric technique for mapping rating scores into probabilities of default. We give an introduction to underlying statistical models and represent the results of...
Persistent link: https://www.econbiz.de/10010295937
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Bankruptcy and Voluntary Liquidation: Evidence for New Firms in East and West Germany after Unification
Prantl, Susanne - 2003
and West Germany, I find distinct education and size effects and a higher share of bankruptcy-related liquidations in East …
Persistent link: https://www.econbiz.de/10010297338
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R&D and Firm Performance in a Transition Economy
Czarnitzki, Dirk; Kraft, Kornelius - 2006
We estimate the effects of R&D on firms' credit ratings and on financial distress. The main purpose is the comparison of firms in Western Germany and Eastern Germany as a transitional economy. Innovative activity has a positive impact on firm value proxied by ratings in Western Germany, but a...
Persistent link: https://www.econbiz.de/10010297541
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Afterlife: Who Takes Heart for Restart?
Metzger, Georg - 2006
percent of novice entrepreneurs who file for bankruptcy reestablish afterwards. On average, slightly more than 15 months will …
Persistent link: https://www.econbiz.de/10010297546
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Determinants of acquisition and failure: stylized facts and lessons for empirical studies
Köke, Jens - 2001
This study provides new stylized facts on the determinants of corporate failure and acquisition in Germany. It also offers important lessons for the design of empirical studies. We show that firms experiencing failure or acquisition are significantly different from surviving firms on a number of...
Persistent link: https://www.econbiz.de/10010297767