The purpose of this study was to determine what the critical factors are to an airline’s financial turmoil, leading … ultimately to a bankruptcy filing. Over the past decade, the airline industries’ performance has been dismal, leading to 20 … bankruptcy filings. As competition increases, it is crucial for airlines to know which core business areas are essential to …

between the stages are scarce. In addition, although business strategy is emphasized as an important factor in the innovation … strategy on the relationship between the stages within the two stage model of innovation. In this study, a direct, positive … of strategy (market orientation and differentiation) on the relationship between innovation generation and only …

period the nature of the banks’ “safety net”, the sanction of insolvency proceedings has changed too. The effect of this is …

the Spanish bankruptcy system relative to that of an alternative insolvency institution, the mortgage system, and the … a hypothesis to explain why Spain has one of the world’s lowest business bankruptcy rates, even during the current … unattractiveness of the personal bankruptcy law ; Utilizando una amplia base de datos de más de 1 millón de empresas españolas …

liquidaciones ineficientes ; The paper warns about the potential efficiency losses associated with low business bankruptcy rates … (number of fi rms filing for bankruptcy as a proportion of the total stock of firms) and shows that welfare could be improved … by increasing the protection of creditors in the bankruptcy system. These ideas are illustrated with the Spanish case …

corporativa y personal ; Small businesses, the majority of Spanish firms, rarely file for formal bankruptcy, and this has been the … case even during the current economic crisis. This suggests that bankruptcy law has a limited role to play in the distress … of small firms. We propose an explanation based on two premises: (i) bankruptcy procedures are more costly and drawn out …

strong model for international businesses. The researcher will then give strategy and implementation recommendations on how …