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Survival of reorganized firms in France

Rim Ayadi, Ilyes Abid and Khaled Guesmi

Finance Research Letters, 2021, vol. 38, issue C

Abstract: This paper investigates the survival prospects of reorganized companies in France. It seeks to identify the determinants that accelerate or reduce the time to failure of reorganized firms in the French context. Our findings reveal that the company's size, profitability, liquidity, the industry profitability, and inflation rate have a positive effect while the leverage and the variation of short-term interest rate have a negative effect on the survival of reorganized firms in France. The study also shows that the failure process of a reorganized firm is similar to that of a new firm.

Keywords: Bankruptcy; Reorganization; Survival; Time-varying model (search for similar items in EconPapers)
Date: 2021
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DOI: 10.1016/

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