Bankruptcy risk and productive efficiency Bankruptcy risk and productive efficiency in manufacturing firms

Sierra Gonzalez Jaime HumbertoBecchetti Leonardo
CEIS Working Papers
The paper investigates the determinants of bankruptcy on three representative unbalanced samples of Italian firms for the periods 1989-1991, 1992-94 and 1995-97 with two different estimating techniques. The first (logit) approach shows that: i) the impact
Number: 132
Date: Friday 01 December 2000
Revision Date: Friday 01 December 2000