Companies in rough seas: predictors of early insolvency risk in the Romanian IT industry
by Miruna Mazurencu Marinescu, Peter Nijkamp
International Journal of Foresight and Innovation Policy (IJFIP), Vol. 7, No. 1/2/3, 2011

Abstract: The motivation of this paper is to identify the causes of low-performance companies that are operating in the information technology sector, which is seen as a key driver of the Romanian economy. A model is designed to extract the productivity distribution of the sector's companies based on a data set from the Romanian Chamber of Commerce and Industry. Through the statistical analysis of this particular sub-sample of low-performing firms, important characteristics can be derived and tested for significance. In our study, a benchmark value for productivity will also be identified that can offer an early warning indication for potential problem zones when assessing a newly founded company.

Online publication date: Sat, 25-Apr-2015

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