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An Integrative Analysis of Business Bankruptcy in Australia

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Abstract

This paper proposes an integrative and dynamic approach for analyzing business failure. The simulaneous estimation results obtained with Australian data indicate significant associations between bankruptcy rates in different industries. Most of these associations are positive and hence implying that bankruptcy in one industry can inflict a "domino" effect on other industries.

Suggested Citation

  • Cheung, L. & Levy, A., 1998. "An Integrative Analysis of Business Bankruptcy in Australia," Economics Working Papers wp98-03, School of Economics, University of Wollongong, NSW, Australia.
    • Handle: RePEc:uow:depec1:wp98-03
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    Cited by:

    1. Sebastian Klaudiusz Tomczak, 2020. "Multi-class Models for Assessing the Financial Condition of Manufacturing Enterprises," Contemporary Economics, University of Economics and Human Sciences in Warsaw., vol. 14(2), June.
    2. Ioana Maria BUCERZAN, 2015. "The Propagation Of Insolvency Among Business In Romania," EURINT, Centre for European Studies, Alexandru Ioan Cuza University, vol. 2, pages 64-79.

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    More about this item

    Keywords

    BANKRUPTCY;

    JEL classification:

    • G33 - Financial Economics - - Corporate Finance and Governance - - - Bankruptcy; Liquidation
    • G30 - Financial Economics - - Corporate Finance and Governance - - - General

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