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| Type | Working Paper |
| Scope | Discipline-based scholarship |
| Title | On the Geographic and Cultural Determinants of Bankruptcy |
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| Institution | University of Zurich |
| Series Name | Working paper series / Socioeconomic Institute |
| Number | No. 701 |
| Date | 2007 |
| Abstract Text | 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. |
| Official URL | http://www.econ.uzh.ch/wp.html |
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