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Hazard Function as a Tool to Diagnose Business Liquidation

Author

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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 23-36, 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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    References listed on IDEAS

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    7. Audretsch, David B. & Santarelli, Enrico & Vivarelli, Marco, 1999. "Start-up size and industrial dynamics: some evidence from Italian manufacturing," International Journal of Industrial Organization, Elsevier, vol. 17(7), pages 965-983, October.
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    More about this item

    Keywords

    firms; expectancy tables; hazard (intensity);
    All these keywords.

    JEL classification:

    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • C14 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Semiparametric and Nonparametric Methods: General

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