We investigate the relationship between bankruptcy risk and expected future sales growth for Norwegian non-listed firms … for the period 1988-2007. We find that firms with high bankruptcy risk also have high expected future growth. Financial … ratios characterizing firms with high bankruptcy risk also characterize firms with high future expected growth. Small firms …

Empirical evidence for the compensation hypothesis holds that trade openness independent of income risk has no … relationship between openness, income risk, terms of trade volatility and income per capita on government size in each of the 5 … effects of income per capita on government size for each country and some evidence of the mitigating and cushioning effects of …