Erkki K. Laitinen
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7 publications
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674 downloads
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2072 views
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How Small Companies Measure their Performance?
Erkki K. Laitinen , Gin Chong -
Predicted Shareholder Value as a Strategic Control and Monitor System in Small Companies
Erkki K. LaitinenInvestment Management and Financial Innovations Volume 2, 2005 Issue #1
Views: 479 Downloads: 226 TO CITE -
Partial Least Squares Regression in Payment Default Prediction
Erkki K. LaitinenInvestment Management and Financial Innovations Volume 3, 2006 Issue #1
Views: 364 Downloads: 266 TO CITE -
Investment in Distributed Energy Generation: A Present-Value Model of Different Technologies
Tuukka Järvinen , Erkki K. LaitinenInvestment Management and Financial Innovations Volume 4, 2007 Issue #2
Views: 574 Downloads: 167 TO CITE -
Extension of break-even analysis for payment default prediction: evidence from small firms
Erkki K. LaitinenInvestment Management and Financial Innovations Volume 8, 2011 Issue #4
Views: 532 Downloads: 348 TO CITE -
Are firm failure processes different? Evidence from seven countries
Erkki K. Laitinen , Oliver Lukason , Arto SuvasInvestment Management and Financial Innovations Volume 11, 2014 Issue #4 (cont.)
Views: 490 Downloads: 230 TO CITE -
Failure processes of old manufacturing firms in different European countries
Oliver Lukason , Erkki K. Laitinen doi: http://dx.doi.org/10.21511/imfi.13(2-2).2016.06Investment Management and Financial Innovations Volume 13, 2016 Issue #2 (cont. 2) pp. 310-321
Views: 925 Downloads: 186 TO CITEThis study aims to detect failure processes on the example of old bankrupted European manufacturing firms. Two study designs are applied, namely the original six variables from Laitinen’s (1991) model and an extended dataset with eleven variables for a five-year timespan before declared bankruptcy. On both occasions, two different failure processes are detected which indicate elements of either quickly or gradually failing firms. Clear contingencies between detected processes and firms’ countries of origin exist. There is some evidence that firms of different sizes follow varying failure processes, but this does not apply when discriminating between exporters and non-exporters
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