De las tensiones financieras al fracaso: ¿cuáles son las oportunidades de supervivencia de una empresa? (From Financial Tensions to Failure: How Likely Is It That a Company Will Survive?)

13 Pages Posted: 16 Dec 2019

See all articles by Carlos Piñeiro-Sánchez

Carlos Piñeiro-Sánchez

University of Coruña - Dept. of Financial Economics & Accountability. Financial Management & Information Systems Research Group (fysig)

Pablo de Llano-Monelos

University of Coruña - Faculty of Business and Economics

Manuel Rodríguez - López

University of Coruña - Finance and MIS Research Group (fysig)

Date Written: September 19, 2016

Abstract

Spanish Abstract: El fracaso financiero no es un hecho súbito, sino el resultado de un conjunto de disfunciones financieras que se acumulan y agravan progresivamente. Este trabajo examina la relación entre el riesgo de insolvencia y el tiempo. El objetivo es dar respuesta a cuestiones como cuál es el ritmo al que progresan las deficiencias, o de cuánto tiempo disponen los directivos para introducir las acciones correctoras antes de que el deterioro sea irreversible.

English Abstract: Financial failure is not a sudden event, but the result of a set of financial dysfunctions that gradually accumulate and aggravate. This paper examines the relationship between insolvency risk and time. The objective is to respond to questions such as the rate at which deficiencies progress, or how much time managers have to introduce corrective actions before the deterioration is irreversible.

Note: Downloadable document is in Spanish.

Keywords: financial distress, failure forecast, survival

JEL Classification: G32, G33

Suggested Citation

Piñeiro-Sánchez, Carlos and de Llano-Monelos, Pablo and Rodríguez - López, Manuel, De las tensiones financieras al fracaso: ¿cuáles son las oportunidades de supervivencia de una empresa? (From Financial Tensions to Failure: How Likely Is It That a Company Will Survive?) (September 19, 2016). Available at SSRN: https://ssrn.com/abstract=3494945 or http://dx.doi.org/10.2139/ssrn.3494945

Carlos Piñeiro-Sánchez (Contact Author)

University of Coruña - Dept. of Financial Economics & Accountability. Financial Management & Information Systems Research Group (fysig) ( email )

Campus de Elviña
A Coruña, A Coruña E15071
Spain

HOME PAGE: http://www.udc.es/grupos/fysig/carlos

Pablo De Llano-Monelos

University of Coruña - Faculty of Business and Economics ( email )

Campus Elviña s/n
Coruña, Galicia 15071
Spain

Manuel Rodríguez - López

University of Coruña - Finance and MIS Research Group (fysig) ( email )

Campus de Elviña
http://www.udc.es/grupos/fysig
A Coruña, A Coruña E15071
Spain

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