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Scientific paper - Original scientific paper
Modelling the impact of macroeconomic variables on aggregate corporate insolvency: case of Croatia
Economic research - Ekonomska istraživanja, 29 (2016), 1; 515-528. https://doi.org/10.1080/1331677X.2016.1175727
Tomas Žiković, Ivana

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Tomas Žiković, I. (2016). Modelling the impact of macroeconomic variables on aggregate corporate insolvency: case of Croatia. Economic research - Ekonomska istraživanja, 29. (1), 515-528. doi: 10.1080/1331677X.2016.1175727

Tomas Žiković, Ivana. "Modelling the impact of macroeconomic variables on aggregate corporate insolvency: case of Croatia." Economic research - Ekonomska istraživanja, vol. 29, no. 1, 2016, pp. 515-528. https://doi.org/10.1080/1331677X.2016.1175727

Tomas Žiković, Ivana. "Modelling the impact of macroeconomic variables on aggregate corporate insolvency: case of Croatia." Economic research - Ekonomska istraživanja 29, no. 1 (2016): 515-528. https://doi.org/10.1080/1331677X.2016.1175727

Tomas Žiković, I. (2016) 'Modelling the impact of macroeconomic variables on aggregate corporate insolvency: case of Croatia', Economic research - Ekonomska istraživanja, 29(1), pp. 515-528. doi: 10.1080/1331677X.2016.1175727

Tomas Žiković I. Modelling the impact of macroeconomic variables on aggregate corporate insolvency: case of Croatia. Economic research - Ekonomska istraživanja [Internet]. 2016 December 22 [cited 2024 December 31];29(1):515-528. doi: 10.1080/1331677X.2016.1175727

I. Tomas Žiković, "Modelling the impact of macroeconomic variables on aggregate corporate insolvency: case of Croatia", Economic research - Ekonomska istraživanja, vol. 29, no. 1, pp. 515-528, December 2016. [Online]. Available at: https://urn.nsk.hr/urn:nbn:hr:192:396543. [Accessed: 31 December 2024]

Metadata
Title (english)Modelling the impact of macroeconomic variables on aggregate corporate insolvency: case of Croatia
AuthorIvana Tomas Žiković
Author's institutionUniversity of Rijeka
Faculty of Economics and Business
Scientific / art field,
discipline and subdiscipline		SOCIAL SCIENCES
Economics
Abstract (english)
The majority of research papers dealing with corporate failure and insolvency in transition countries use a combination of financial ratios in investigating corporate failures, i.e., the microeconomic approach. By relying solely on the microeconomic approach, it is not possible to completely capture the complexity of business operations. In recent years, there has been a growing interest in exploring the predictive power of macroeconomic variables in forecasting insolvencies. As the macroeconomic approach has been applied mainly in the analysis of developed economies, this article investigates the influence of macroeconomic variables on aggregate corporate insolvency in Croatia, using the vector error-correction model (VECM) for the period 2000–2011. The results have shown a long-run dynamic connection between the corporate insolvency rate and the rate of unemployment while corporate credits, long-term interest rates and industrial production have a short-term effect on the corporate insolvency rate.
Keywords (english)
Languageenglish
Publication typeScientific paper - Original scientific paper
Publication statusPublished
Peer reviewPeer review
Publication versionPublished version
Journal titleEconomic research - Ekonomska istraživanja
Numberingvol. 29, no. 1, pp. 515-528
p-ISSN1331-677X
e-ISSN1848-9664
DOIhttps://doi.org/10.1080/1331677X.2016.1175727
URN:NBNurn:nbn:hr:192:396543
Publication2016-12-22
Document URLhttps://hrcak.srce.hr/171739
Type of resourceText
Access conditionsOpen access
Terms of useLicence Attribution 4.0 International (CC BY 4.0) icon
Created on2018-02-21 07:30:58