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- W2164510804 abstract "This paper examines the role of geography and culture in explaining bankruptcy. We adopt survival analyses to model the bankruptcy risk of a firm, allowing for time-varying covariates. Based on a large sample from all major sectors of the Swiss economy, we find the following results: (i) The geographic location of a firm, which is characterized using a core-periphery approach, has a significant impact on its bankruptcy risk; (ii) Variables proxying for the cultural environment of a firm have significant explanatory power; (iii) The results of the previous literature on the standard determinants of bankruptcy are confirmed." @default.
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- W2164510804 date "2007-06-01" @default.
- W2164510804 modified "2023-09-25" @default.
- W2164510804 title "On the geographic and cultural determinants of bankruptcy" @default.
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