Corporate Insolvencies increase again in Q4 2011

Quarterly_Insolvency_Report_2011Q4 CMRC Quarterly Insolvency Report (2011 Q4) and Forecast. Q3 and Q4 indicates a further increase incorporate insolvencies in line with negative GDP growth. Winding up orders and other indicators of distress suggest that the rise will continue into 2012 Retail, Restaurants, Hotels and other consumer-facing sectors are the hardest hit

SME Risk and Macro-Economic Conditions

New Working Paper available in January 2010.

Insolvency Risk of Private Companies and Macro-Conditions: Discrete Time Hazard Models  (with A Altanlar)
Paper Models the Insolvency Risk of Unlisted Companies using financial and non-financial data and macro-dependent baseline hazard