An Integrative Analysis of Business Bankruptcy in Australia

L. Cheung and Amnon Levy ()

Economics Working Papers from School of Economics, University of Wollongong, NSW, Australia

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.

Keywords: BANKRUPTCY (search for similar items in EconPapers)
JEL-codes: G33 G30 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ent
Date: 1998
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