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| Author: | Marco, L. Rainelli, M. |
| Title: | Les dispartions de firmes industrielles en France : un modele econometrique. |
| Journal: | Revue d'Economie Industrielle
1986 : APR-JUN, 36, p. 1-13 |
| Index terms: | BUSINESS FAILURES ECONOMETRIC MODELS ECONOMIC CRISIS |
| Language: | fre |
| Abstract: | The disappearance of enterprises by business failure is mostly studied on the level of management or macroeconomics. A third approach is retained here: the sectorial level of the industry in a strict sense. From previous analysis the variables of a transverse model with temporal lags are set up and applied on 32 industrial sectors for the 1980-1983 period. The results indicate the existence of a failure risk independent of the practiced activity. The best variable is the rate of the firms' creation /3 years before/. It suggests that there is a higher risk for new firms,systematically underestimated by the entrepreneurs. |
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