A long-run survival analysis of corporate liquidations in Ireland

Robert Kelly, Eoin Brien () and Rebecca Stuart

Small Business Economics, 2015, vol. 44, issue 3, 683 pages

Abstract: This paper examines the role of credit and the macroeconomy in small and medium enterprise (SME) distress during a prolonged economic downturn. Specifically, we estimate the determinants of SME distress in Ireland during the severe financial and economic crisis which began in 2007/2008. We use a measure of distress, insolvencies, which captures both bank and non-bank forms of credit. We conduct a survival analysis of insolvent liquidations and find that, controlling for firm location and economic activity, both variables capturing a build-up of stress in the macroeconomy and those capturing bank credit standards and availability throughout the cycle are determinants of firm survival. Copyright Springer Science+Business Media New York 2015

Keywords: Ireland; Corporate liquidations; Firm default; Survival analysis; C25; D20; L0; L26 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (12)

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Working Paper: A long-run survival analysis of corporate liquidations in Ireland (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:kap:sbusec:v:44:y:2015:i:3:p:671-683

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DOI: 10.1007/s11187-014-9605-1

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