This paper looks at a sample of small and medium entities in Spain and analyzesthe effect of the vulnerability of sectors to insolvency on their survival and the probability that they will go bankrupt. We collected data from solvent and insolvent firms in Spain over the period 2012-2016, and...

This paper looks at a sample of small and medium entities in Spain and analyzesthe effect of the vulnerability of sectors to insolvency on their survival and the probability that they will go bankrupt. We collected data from solvent and insolvent firms in Spain over the period 2012-2016, and...

The objective of this study is to analyze the factors that influence the insolvency of small and medium entities. In order to do this, a sample of Small and Medium Entities were gathered and analysed. The main conclusions of this paper allows us to state that in line with previous research,...

This study analyses cost stickiness under the dilemma between current profitability and future sales increase. When activity decreases firms are faced to keep profitability adjusting resources, while they should also consider long term consequences and keep slack resources which allow building...

During the last 40 years a large number of articles, books and working papers have focused on insolvency prediction models. From the first Altman's study [1968] to the most recent contributions is possible to find some common characteristics. Starting from these features this article gives a...

The objective of this work is to consider fair view from a conceptual perspective. Our starting point is the origin of the concept and its development. In the beginning the concept did not have the relevance that it later received, especially from the appearance of the 4th European Directive....