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Creditor Rights, Technology Adoption, and Productivity : Plant-Level Evidence
Ersahin, Nuri - 2019
I analyze the effect of stronger creditor rights on productivity, using U.S. Census microdata. Following the adoption of anti-recharacterization laws that give lenders greater access to the collateral of firms in financial distress, total factor productivity of treated plants increases by 2.6...
Persistent link: https://www.econbiz.de/10012902016
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Four Decades of Creative Destruction : Renewing Canada's Manufacturing Base from 1961 - 1999
Baldwin, John R.; Brown, W. Mark - 2009
In this paper, we present measures of the extent of renewal in Canada’s manufacturing sector over a four decade period (1961-1999); a period that roughly represents the productive lifetime of a worker. We measure turnover over periods of one, two, three and four decades. For each timeframe, we...
Persistent link: https://www.econbiz.de/10014206731
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Forecasting Industry Sector Default Rates through Dynamic Factor Models
Missaglia, Giuseppe - 2009
In this paper we use a reduced form model for the analysis of Portfolio Credit Risk. For this purpose, we fit a Dynamic Factor model, DF, to a large dataset of default rates proxies and macrovariables for Italy. Multi step ahead density and probability forecasts are obtained by employing both...
Persistent link: https://www.econbiz.de/10013159689
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Forecasting Industry Sector Default Rates through Dynamic Factor Models
Missaglia, Giuseppe - 2009
In this paper we use a reduced form model for the analysis of Portfolio Credit Risk. For this purpose, we fit a Dynamic Factor model, DF, to a large dataset of default rates proxies and macrovariables for Italy. Multi step ahead density and probability forecasts are obtained by employing both...
Persistent link: https://www.econbiz.de/10013159697
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A Multi-Period Logistic Model of Bankruptcies in the Manufacturing Industry
Topaloglu, Zeynep - 2014
This paper analyses with a multi-period logistic model corporate bankruptcy in the manufacturing industry over the … period 1980 to 2007. The contribution of this paper to the bankruptcy prediction literature is the concentration on one of … the Gross Domestic Product on bankruptcy filings, which turns out to be a powerful predictor. The results show that …
Persistent link: https://www.econbiz.de/10013047219
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How firms survive in European emerging markets : a survey
Baumöhl, Eduard; Kočenda, Evžen - 2022
We survey the empirical evidence on corporate survival and its determinants in European emerging markets. We demonstrate that (i) institutional quality is a significant preventive factor for firm survival in all sectors of the economy, which holds for small, medium and large firms alike. On the...
Persistent link: https://www.econbiz.de/10013271002
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A Neural Learning on Indian Manufacturing Sector in Prognosticating Bankruptcy
JAISON, ALPHY - 2020
Bankruptcy is a menacing situation, which the investors, businesses, and the economy are afraid of, due to its adverse … effects. Prediction of bankruptcy can help the investors and businesses in formulating their strategies in order to improve … network in our brain. So this study focuses on using the different variables of ROA, ROE to predict the bankruptcy of …
Persistent link: https://www.econbiz.de/10012830915
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The impact of institutional performance on payment dynamics : evidence from the Italian manufacturing industry
Falavigna, Greta; Ippoliti, R. - In: Journal of business economics and management 21 (2020) 5, pp. 1285-1306
hypothesis that efficiency in settling mortgage foreclosure and bankruptcy cases can affect the creditors' decision making on … judiciary in the dynamics of firms. Indeed, if the time needed to settle bankruptcy cases decreases by 25%, we can expect the … policy implications of these results are rather compelling. Policy makers could reform foreclosure and bankruptcy procedures …
Persistent link: https://www.econbiz.de/10012271794
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Changes in and Insights on Potential Industry and Enterprise Insolvency in the Manufacturing Sector
Oh, Young-Seok; Park, Sung Keun - 2023
This paper takes the spectrum approach to identify possible industrial and enterprise insolvency and goes on to conduct a composite analysis of both the potential industry insolvency spectrum and enterprise insolvency spectrum. Recently, the proportion of industries and enterprises showing signs...
Persistent link: https://www.econbiz.de/10014263110
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Industrial Robots and Firm Innovation : Big Data Evidence from China
Zhong, Huijie; Zhang, Xinran; Chan, Kam C.; Yan, Chao - 2023
Robots are widely used in industrial manufacturing and service industries around the world. Drawing on a large dataset of more than three million records in China, this study examines the impact of imported industrial robots on firm innovation. Using a difference-in-differences method, we find...
Persistent link: https://www.econbiz.de/10014256664