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PKB a upadłość
[GDP and insolvency]

Author

Listed:
  • Staszkiewicz, Piotr W.

Abstract

The correlation analysis was conducted on dynamic of GDP and company failure rate for Poland, Europe and USA for the period 2003-2011; it was found a negative correlation. An analysis was undertaken for the relation between the rate of corporate failure in Poland and the rate of change of overall company’s net turnover profitability - no statistically significant correlation was observed. An alternative significant variable was pointed out for a linear regression model. Results of others authors were partly confirmed. A proposal for further research was outlined.

Suggested Citation

  • Staszkiewicz, Piotr W., 2013. "PKB a upadłość [GDP and insolvency]," MPRA Paper 44208, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:44208
    as

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    File URL: https://mpra.ub.uni-muenchen.de/44208/1/MPRA_paper_44208.pdf
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    References listed on IDEAS

    as
    1. John Y. Campbell & Jens Hilscher & Jan Szilagyi, 2008. "In Search of Distress Risk," Journal of Finance, American Finance Association, vol. 63(6), pages 2899-2939, December.
    2. Edward I. Altman, 1968. "The Prediction Of Corporate Bankruptcy: A Discriminant Analysis," Journal of Finance, American Finance Association, vol. 23(1), pages 193-194, March.
    3. Stijn Claessens & Leora F. Klapper, 2005. "Bankruptcy around the World: Explanations of Its Relative Use," American Law and Economics Review, American Law and Economics Association, vol. 7(1), pages 253-283.
    4. Piotr, Staszkiewicz, 2012. "Model for reputational risk for subsidiaries of non-public group with reciprocal shareholding," MPRA Paper 35812, University Library of Munich, Germany.
    5. Edward I. Altman, 1968. "Financial Ratios, Discriminant Analysis And The Prediction Of Corporate Bankruptcy," Journal of Finance, American Finance Association, vol. 23(4), pages 589-609, September.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    insolvency; GDP; PKB; correlation; Poland; USA; Europe;
    All these keywords.

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • G33 - Financial Economics - - Corporate Finance and Governance - - - Bankruptcy; Liquidation
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration

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