Failure processes of old manufacturing firms in different European countries

Abstract

This study aims to detect failure processes on the example of old bankrupted European manufacturing firms. Two study designs are applied, namely the original six variables from Laitinen’s (1991) model and an extended dataset with eleven variables for a five-year timespan before declared bankruptcy. On both occasions, two different failure processes are detected which indicate elements of either quickly or gradually failing firms. Clear contingencies between detected processes and firms’ countries of origin exist. There is some evidence that firms of different sizes follow varying failure processes, but this does not apply when discriminating between exporters and non-exporters

Cite this work

No public copy is stored for this record, so only the metadata is cited.

Stored only when both papers are in the corpus — 21 citations exist upstream.

Papers that cite the same references — the relational fallback while embeddings are still backfilling.