TITLE

THE QUALITY OF A POST-DISTRESS STATUS OF FIRMS OVERCOMING DECLINE: DETERMINANT FACTORS OF A RISKY OUTLET

AUTHOR(S)
Mecaj, Arjola; Gonzalez-Bravo, Maria Isabel
PUB. DATE
October 2013
SOURCE
Actual Problems of Economics / Aktual'ni Problemi Ekonomìki;Oct2013, Vol. 148 Issue 10, p351
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The paper focuses on the fact that post-distress status should assess not only if a firm manages to solve its critical state but also the quality of the final position by considering the risk to re-enter into distress. Our fitness indicator discriminates between well-performers, which just exit distress, and best performers, which are located in a new healthy scenario minimizing the likelihood to fall again in distress. We use the financial data on the US firms in the 8-year period, 1993-2000. The results show that the determinant factors and their significance change depending on the temporal reference taken for the analysis as well as on a specific industry where a firm is operating.
ACCESSION #
91677298

 

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