Company distress in the fashion/textile industry in Italy. Questing for discriminant variables

• Autores: Oliviero Roggi, Alessandro Giannozzi
• Localización: Creativity and survival of the firm under uncertainty / coord. por Attilio Celant, Txomin Iturralde, 2009, ISBN 978-84-692-5174-4
• Idioma: inglés
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• Resumen

  • This paper addresses the relationship between company survival and industry-specific discriminant variables in the fashion/textile industry. Our analysis is based on Italian SMEs. The data set is made up of 393 fashion companies and a control group consisting of 1268 companies. After running the discriminant model on the two datasets, we found in the fashion model, a higher discriminant power for variables that were connected to return on sales when compared to the general model. In this way, �intangible assets� or other variables related to return on sales may provide an indirect explanation of the higher capacity of survival for fashion companies in the market.