The objective of this work is to evaluate the risk of business mortality. Considering a sample of over 11,741 firms in the textile-clothing sector, the influence that factors such as age, geographic density (district effect) and the principal productive activity (subsector effect) have on...

During economic downturns, firms file for bankruptcy in an effort to attempt a "turnaround". The objective of this study is to assess the effectiveness of retrenchment strategies in the context of bankruptcy, as the most severe form of crisis. We conducted a longitudinal analysis of a sample of...