Nordal, Kjell Bjørn; Næs, Randi - Universitetet <Stavanger> / School of Business … - 2010
We investigate the relationship between bankruptcy risk and expected future sales growthfor Norwegian non-listed rms for the period 1988-2007. We nd that rms with highbankruptcy risk also have high expected future growth. Financial ratios characterizingrms with high bankruptcy risk also...