| Institution: | The authors are respectively from the Department of Economics, Ben Gurion University;and the School of Business Administration, the Hebrew University of Jerusalem. They are indebted to Edward Altman for a discussion of an early draft of this paper, and for making the data on industrial firms available. They also gratefully acknowledge the helpful comments of C. Zavgren and the anonymous referee. the authors gratefully acknowledge research support from the Monaster Center for Economic Research of the Ben Gurion University and the Recanaty Foundation. |
