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Determinants of acquisition and failure : stylized facts and lessons for empirical studies

Köke, F. Jens - 2001

This study provides new stylized facts on the determinants of corporate failure and acquisition in Germany. It also offers important lessons for the design of empirical studies. We show that firms experiencing failure or acquisition are significantly different from surviving firms on a number of...

Persistent link: https://www.econbiz.de/10011446202

Moving in and out of financial distress : evidence for newly founded service sector firms

Kaiser, Ulrich - 2001

The determinants of transitions between different states of financial distress are analyzed using two versions of Markov chain models: a multinomial logit model without random effects and a multinomial logit model capturing such unobservable factors. The empirical analysis is based on a panel...

Persistent link: https://www.econbiz.de/10011445915

A viable insolvency procedure for sovereigns (VIPS) in the euro area

Fuest, Clemens; Heinemann, Friedrich; Schröder, Christoph - 2014

A mechanism to restructure the debt of an insolvent euro country is a missing element in the emerging institutional architecture of the euro area. The introduction of an insolvency procedure for sovereigns faces a dilemma: In the foreseeable future, its introduction would risk pushing Europe...

Persistent link: https://www.econbiz.de/10010394484

Dynamics in ownership and firm survival : evidence from corporate Germany

Heiss, Florian; Köke, Jens - 2001

Persistent link: https://www.econbiz.de/10001651218

Bankruptcy and voluntary liquidation : evidence for new firms in East and West Germany after unification

Prantl, Susanne (contributor) - 2003

Persistent link: https://www.econbiz.de/10001911605

Business closure and financial loss : who foots the bill? ; evidence from German small business closures

Metzger, Georg - 2010

assess financial prospects. -- Bankruptcy ; business closure ; financial loss …

Persistent link: https://www.econbiz.de/10003961536

Do private equity owners increase risk of financial distress and bankruptcy?

Tykvová, Tereza; Borell, Mariela - 2011

-backed companies do not suffer from higher bankruptcy rates than non-buyout companies. In fact, when companies are backed by … experienced private equity funds, their bankruptcy rates are even lower. Experienced investors seem to be better able to manage … distress risks than their inexperienced counterparts. -- Private Equity ; Buyout ; Financial Distress ; Bankruptcy …

Persistent link: https://www.econbiz.de/10009424110

Afterlife - who takes heart for restart?

Metzger, George (contributor) - 2006

percent of novice entrepreneurs who file for bankruptcy reestablish afterwards. On average, slightly more than 15 months will …

Persistent link: https://www.econbiz.de/10003337984

Personal experience: a most vicious and limited circle!? : on the role of entrepreneurial experience for firm survival

Metzger, Georg (contributor) - 2007

The analysis in this paper gives attention to effects on firm survival which come from entrepreneurial experience. It is likely that different kinds of experience result in different firm developments and therefore in different types of firm exit. Particular emphasis is placed upon the effects...

Persistent link: https://www.econbiz.de/10003516707

On the role of entrepreneurial experience for start-up financing : an empirical investigation for Germany

Metzger, Georg (contributor) - 2007

Entrepreneurs are often faced with problems regarding start-up financing. But compared to novice entrepreneurs, experienced entrepreneurs should have both more knowledge and better contacts, which should potentially reduce the occurrence of problems and affect finance composition. However,...

Persistent link: https://www.econbiz.de/10003516711