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IT Companies in Rough Seas: Predictive Factors for Bankruptcy Risk in Romania

Author

Listed:
  • Marinescu, M.M.

    (Vrije Universiteit Amsterdam, Faculteit der Economische Wetenschappen en Econometrie (Free University Amsterdam, Faculty of Economics Sciences, Business Administration and Economitrics)

  • Nijkamp, P.

Abstract

The rationale of this paper is to identity the causes of low performance companies that are operating in the information technology sector, which is seen as a key driver of the Romanian economy. A model is designed to extract the productivity distribution of the sector’s companies based on a data set from the Romanian Chamber of Commerce and Industry. Through the statistical analysis of this particular sub-sample of low performing firms, important characteristics can be derived and tested for significance. In our study, also a benchmark value for productivity will be identified that can offer an early warning indication for potential trouble zones when assessing a newly-founded company.

Suggested Citation

  • Marinescu, M.M. & Nijkamp, P., 2009. "IT Companies in Rough Seas: Predictive Factors for Bankruptcy Risk in Romania," Serie Research Memoranda 0011, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
    • Handle: RePEc:vua:wpaper:2009-11
    as

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    References listed on IDEAS

    as
    1. Audretsch, David B. & Mahmood, Talat, 1991. "The hazard rate of new establishments : A first report," Economics Letters, Elsevier, vol. 36(4), pages 409-412, August.
    2. Honjo, Yuji, 2000. "Business failure of new firms: an empirical analysis using a multiplicative hazards model," International Journal of Industrial Organization, Elsevier, vol. 18(4), pages 557-574, May.
    3. Das, Sanghamitra & Srinivasan, Krishna, 1997. "Duration of firms in an infant industry: the case of Indian computer hardware," Journal of Development Economics, Elsevier, vol. 53(1), pages 157-167, June.
    Full references (including those not matched with items on IDEAS)

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