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Permanent URL to this publication: http://dx.doi.org/10.5167/uzh-52371

Buehler, Stefan; Kaiser, Christian; Jaeger, Franz (2007). On the Geographic and Cultural Determinants of Bankruptcy. Working paper series / Socioeconomic Institute No. 701, University of Zurich.

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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.

Item Type:Working Paper
Communities & Collections:03 Faculty of Economics > Department of Economics
Working Paper Series > Socioeconomic Institute (former)
DDC:330 Economics
JEL Classification:C41, R10, Z10
Language:English
Date:June 2007
Deposited On:29 Nov 2011 23:47
Last Modified:09 Jul 2012 07:04
Series Name:Working paper series / Socioeconomic Institute
Official URL:http://www.econ.uzh.ch/wp.html

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