THE RISE IN US BUSINESS FAILURES: CORRECTING THE 1984 DATA DISCONTINUITY |
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Authors: | NAPLES MICHELE I; ARIFAJ ARBEN |
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Institution: | The College of New Jersey
Field Analyst, Diebold, Inc |
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Abstract: | In 1984 Dun and Bradstreet expanded the business-failure series,making it discontinuous. We construct consistent spliced serieson the rate, size, and liabilities of business failures. Weshow that using published, discontinuous data can lead to misleadingresults. |
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Keywords: | |
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