Ni, Jinlan; Kwak, Wikil; Cheng, Xiaoyan; Gong, Guan - In: Review of Pacific Basin Financial Markets and Policies … 17 (2014) 02, pp. 1450012-1
heavily on international trade. Our study tries to find the determinants of bankruptcy in Chinese firms. Both logit and … suggest that firms with liquidity problems and firms experiencing a decline in profits are more likely to file for bankruptcy …-owned enterprises, and foreign-owned businesses are more likely to file for bankruptcy. This conclusion is robust after controlling for …