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: 445 Downloads: 189 TO CITE -
Partial Least Squares Regression in Payment Default Prediction
Erkki K. LaitinenInvestment Management and Financial Innovations Volume 3, 2006 Issue #1
Views: 334 Downloads: 250 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: 543 Downloads: 151 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: 495 Downloads: 307 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: 455 Downloads: 195 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: 865 Downloads: 168 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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