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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. 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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