| Groups of firms: | |||||
Active firms: | Bankrupt firms: | All firms: | ||||
Decrease in CTR | Increase in CTR | Decrease in CTR | Increase in CTR | Decrease in CTR | Increase in CTR | |
Median of growth rate: | ||||||
1) Net sales (NS) | 0.0168 | 0.0488 | −0.0278 | 0.0285 | 0.0166 | 0.0486 |
2) Total assets (TA) | 0.0626 | 0.0120 | 0.0357 | 0.0038 | 0.0625 | 0.0119 |
Median of time series correlation: | ||||||
NS & TA | 0.7055 | 0.7073 | 0.6448 | 0.6675 | 0.7051 | 0.7067 |
Frequencies (%): | ||||||
1) g(NS) ≥ 0 & g(TA) ≥ 0 | 59.77 | 56.40 | 47.27 | 53.85 | 59.64 | 56.39 |
2) g(NS) ≥ 0 & g(TA) < 0 | 0.00 | 20.68 | 0.00 | 15.38 | 0.00 | 20.64 |
3) g(NS) < 0 & g(TA) ≥ 0 | 21.41 | 0.00 | 14.55 | 0.00 | 21.34 | 0.00 |
4) g(NS) < 0 & g(TA) < 0 | 18.82 | 22.92 | 38.18 | 30.77 | 19.02 | 22.97 |
Total | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 |
Frequencies (%): | ||||||
1) g(NS) ≥ g(TA) | 0.00 | 100.00 | 0.00 | 100.00 | 0.00 | 100.00 |
2) g(TA) ≥ g(NS) | 100.00 | 0.00 | 100.00 | 0.00 | 100.00 | 0.00 |
Total | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 |
Number of firms | 5451 | 3709 | 55 | 26 | 5506 | 3735 |
% | 59.51 | 40.49 | 67.90 | 32.10 | 59.58 | 40.42 |