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Zagreb International Review of Economics & Business, Vol. 16 No. 2, 2013.

Original scientific paper

Corporate Bankruptcy of Portuguese Firms

Cristiana P. Jardim ; Department of Economics, Management and Industrial Engineering, University of Aveiro, Campus Universitário de Santiago, Aveiro, Portugal
Elisabeth T. Pereira ; Department of Economics, Management and Industrial Engineering, and Research Unity in Governance, Competitiveness and Public Policies (GOVCOPP) University of Aveiro, Campus Universitário de Santiago, Aveiro, Portugal.

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Abstract

Over the time has been increasing the interest in understanding the subjects of insolvency
and bankruptcy due to its consequences for the country’s economic performance, and,
actually, to its importance in the actual economic European context. The present work
studies the evolution of bankruptcy of Portuguese fi rms in the last two decades, and obtains
a set of macroeconomic factors which can explain this occurrence. It was considered the
period 1990-2009, and the methodology used was a regression model including variables
considerate in several empirical studies sustained in the literature review. The obtained results
pointed to the relevance of macroeconomic variables as most signifi cant explanatory
variables for the Portuguese case.

Keywords

insolvency; bankruptcy; firms; internal and external causes; Portugal

Hrčak ID:

110095

URI

https://hrcak.srce.hr/110095

Publication date:

1.11.2013.

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