Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/209976 
Erscheinungsjahr: 
2010
Schriftenreihe/Nr.: 
Working Paper No. 2010/31
Verlag: 
Norges Bank, Oslo
Zusammenfassung: 
We investigate the relationship between bankruptcy risk and expected future sales growth for Norwegian non-listed firms for the period 1988-2007. We find that firms with high bankruptcy risk also have high expected future growth. Financial ratios characterizing firms with high bankruptcy risk also characterize firms with high future expected growth. Small firms, firms with low levels of equity and retained earnings, firms with low profitability and low levels of sales per unit of capital, have all higher expected future growth rates than other firms. These findings suggest a tradeoff between the upside potential of high growth and the downside risk of bankruptcy.
Schlagwörter: 
non-listed firms
growth
bankruptcy risk
JEL: 
G10
G30
G33
Persistent Identifier der Erstveröffentlichung: 
ISBN: 
978-82-7553-588-5
Creative-Commons-Lizenz: 
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Dokumentart: 
Working Paper
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