bankruptcy has neglected the time dimension of failure. The paper seeks to gain deeper insight into the failure process of a … distinctions in terms of the presence and the importance of specific causes of bankruptcy, i.e. errors made by management, errors … corporate failure and the impact of their own actions on bankruptcy. Originality/value – The paper lays the ground for …

bankruptcy are often severe. Challenges the popular management literature which urges decision makers to follow their intuition …

heterogeneity of the firms to be reduced as well as identifying a strong firm sample to estimate the bankruptcy probability … accurately. Originality/value – A drawback of all bankruptcy prediction models comes from the fact that bankruptcy is an example … of a homogeneous observable qualitative response while non‐bankruptcy would be expected to be represented by a healthy …

impact of bankruptcies on major and minor airlines by analyzing four different types of events: filing for bankruptcy by … major carriers; coming out of bankruptcy by major carriers; shutdown by major carriers; and filing of bankruptcy by minor … carriers. Findings – Empirical results indicate that filing for bankruptcy by major carriers and shutdown by major carriers …