SUCCURRO, Marianna; MANNARINO, Lidia - In: Regional and Sectoral Economic Studies 14 (2014) 1, pp. 81-94
The aim of the paper is to investigate the impact of financial structure on firms’ probability of bankruptcy in Western Europe convergence regions. The empirical evidence shows that the financial structure is a key factor explaining firms’ bankruptcy, but while the debt, the cash flow and...
