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Business cycle and corporate failure in France: Is there a link?

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An Erratum to this article was published on 26 April 2007

Abstract

The aim of this paper is to extract cyclical factors from companies’ data possibly used in the construction of the scores by the Bank de France and from these scores themselves. The constraints are those of a database including a large number of variables and companies but over a relatively short period. The method chosen is the “principal components method” adapted by Bai and Ng (2000, 2001) in the context of large N and limited T. Later, these factors may be used to take into account the business cycle in the application of scores.

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Authors and Affiliations

  1. Economics, University Paris X, 200 avenue de la Republique, Nanterre, 92001, France

    Eric Bataille, Catherine Bruneau & Frederic Michaud

Authors
  1. Eric Bataille
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  2. Catherine Bruneau
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  3. Frederic Michaud
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Corresponding author

Correspondence to Catherine Bruneau.

Additional information

An erratum to this article can be found at http://dx.doi.org/10.1007/s10614-007-9088-0

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Bataille, E., Bruneau, C. & Michaud, F. Business cycle and corporate failure in France: Is there a link?. Comput Econ 29, 173–197 (2007). https://doi.org/10.1007/s10614-006-9077-8

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  • DOI: https://doi.org/10.1007/s10614-006-9077-8

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