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: G30 G33 (search for similar items in EconPapers)
Pages: 32 pages
Date: 1998
New Economics Papers: this item is included in nep-ent
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Citations: View citations in EconPapers (2)

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Journal Article: An integrative analysis of business bankruptcy in Australia (1998)
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Persistent link: https://EconPapers.repec.org/RePEc:uow:depec1:wp98-03

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