IT Companies in Rough Seas: Predictive Factors for Bankruptcy Risk in Romania

M.M. Marinescu and Peter Nijkamp
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M.M. Marinescu: Vrije Universiteit Amsterdam, Faculteit der Economische Wetenschappen en Econometrie (Free University Amsterdam, Faculty of Economics Sciences, Business Administration and Economitrics

No 11, Serie Research Memoranda from VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics

Abstract: The rationale of this paper is to identity the causes of low performance companies that are operating in the information technology sector, which is seen as a key driver of the Romanian economy. A model is designed to extract the productivity distribution of the sector’s companies based on a data set from the Romanian Chamber of Commerce and Industry. Through the statistical analysis of this particular sub-sample of low performing firms, important characteristics can be derived and tested for significance. In our study, also a benchmark value for productivity will be identified that can offer an early warning indication for potential trouble zones when assessing a newly-founded company.

Keywords: insolvency risk; predictors; benchmark value; IT based companies. (search for similar items in EconPapers)
Date: 2009
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