• ISSN: 2010-023X (Print)
    • Abbreviated Title: Int. J. Trade, Economics and Financ.
    • Frequency: Quaterly
    • DOI: 10.18178/IJTEF
    • Editor-in-Chief: Prof.Tung-Zong (Donald) Chang
    • Managing Editor: Ms. Inez. Chan

    • Abstracting/ Indexing:  Crossref, CNKI, EBSCO

    • Article Processing Charge (APC): 500 USD

    • E-mail: ijtef.editorial.office@gmail.com

HOME > Archive > 2012 > Volume 3 Number 4 (Aug. 2012) >
IJTEF 2012 Vol.3(4): 305-310 ISSN: 2010-023X
DOI: 10.7763/IJTEF.2012.V3.217

Financial Performance Before Failure: Do Different Firms Go Bankrupt Differently?

Oliver Lukason

Abstract—This paper studies, whether pre-bankruptcy financial performance differs through firm types. Based on the whole population data of Estonian bankrupt firms from the period 2002-2009 and an extensive set of financial data changes it is shown, that distinct differences in the pre-bankruptcy financial performance exist. Namely, it is proven that for different industries, size groups, bankruptcy years, insolvency types and varying levels of control, the pre-bankruptcy changes of financial variables and ratios are not the same.

Index Terms—Bankruptcy, financial data, failure process.

O. Lukason is with the Tartu University, Faculty of Economics and Business Administration, Narva road 4, Tartu 51009, Estonia (e-mail: oliver.lukason@ut.ee).

[PDF]

Cite:Oliver Lukason, "Financial Performance Before Failure: Do Different Firms Go Bankrupt Differently?," International Journal of Trade, Economics and Finance vol.3, no.4, pp. 305-310, 2012.

PREVIOUS PAPER
The Impacts of the Global Financial Crisis on Southeast Asian Equity Markets Integration
NEXT PAPER
The Inequality of the Provinces in China: A Productivity Analysis

Copyright © 2008-2024. International Journal of Trade, Economics and Finance. All rights reserved.
E-mail: ijtef.editorial.office@gmail.com