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Hazard Function as a Tool to Diagnose Business Liquidation

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  • Markowicz Iwona

    (Szczecin University Facultyof Economics and Management Department of Econometrics and Statistics Mickiewicza 64, 71-101 Szczecin, Poland)

Abstract

Research of firms cohorts, such as human cohorts, are carried out by means of the methods of survival analysis (duration). The paper presents the possibility of using expectancy tables and intensity function (hazard) of firms liquidation. This function may take a typical shape such as shape of a “bathtub” – the intensity of deaths, or the shape of an inverted U – the intensity of firms liquidations.

Suggested Citation

  • Markowicz Iwona, 2014. "Hazard Function as a Tool to Diagnose Business Liquidation," Folia Oeconomica Stetinensia, Sciendo, vol. 13(2), pages 1-14, July.
    • Handle: RePEc:vrs:foeste:v:13:y:2014:i:2:p:14:n:8
    DOI: 10.2478/foli-2013-0019
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