This paper looks at a sample of small and medium entities in Spain and analyzesthe effect of the vulnerability of sectors to insolvency on their survival and the probability that they will go bankrupt. We collected data from solvent and insolvent firms in Spain over the period 2012-2016, and...

This paper looks at a sample of small and medium entities in Spain and analyzesthe effect of the vulnerability of sectors to insolvency on their survival and the probability that they will go bankrupt. We collected data from solvent and insolvent firms in Spain over the period 2012-2016, and...

This study analyses cost stickiness under the dilemma between current profitability and future sales increase. When activity decreases firms are faced to keep profitability adjusting resources, while they should also consider long term consequences and keep slack resources which allow building...

The objective of this study is to analyze the factors that influence the insolvency of small and medium entities. In order to do this, a sample of Small and Medium Entities were gathered and analysed. The main conclusions of this paper allows us to state that in line with previous research,...

Spanish Abstract: El objetivo de este trabajo es investigar los determinantes de la agresividad fiscal para una muestra de corporaciones de la Unión Europea (EU-15) para el período 2010-2014, más en concreto, el efecto de las inversiones en paraísos fiscales sobre las tasas impositivas (en...

During the last 40 years a large number of articles, books and working papers have focused on insolvency prediction models. From the first Altman's study [1968] to the most recent contributions is possible to find some common characteristics. Starting from these features this article gives a...