Corporate Failure Rates and the Impact of the 1986 Insolvency Act : An Econometric Analysis


There have been a number of studies that have sought to understand the pattern of aggregate business failure rates and model the macro-economic determinants of aggregate corporate liquidations in the UK. This paper uses quarterly data (1961.1-1998.2) on failure rates and potential macroeconomic determinants to build a time-series econometric model which… (More)


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