Becchetti, Leonardo; 2, Jaime Humberto Sierra Gonzalez - Centro di Studi Internazionali Sull'Economia e la … - 2003
The paper investigates the determinants of bankruptcy in three representative unbalanced samples of Italian firms for the periods 1989-1991, 1992-94 and 1995-97. Two important results are that: i) the degree of relative firm inefficiency measured as the distance from the efficient frontier has...