Groups of firms:

Active firms:

Bankrupt firms:

All firms:

Decrease in CRA

Increase in CRA

Decrease in CRA

Increase in CRA

Decrease in CRA

Increase in CRA

Median of growth rate:

1) Current assets (CA)

0.0350

0.0295

0.0008

0.0326

0.0347

0.0295

2) Current debt (CD)

0.0750

0.0065

0.1002

0.0194

0.0756

0.0066

Median of time series correlation:

CA & CD

0.7348

0.6801

0.6307

0.8428

0.7329

0.6813

Frequencies (%):

1) g(CA) ≥ 0 & g(CD) ≥ 0

59.40

53.17

47.46

59.09

59.23

53.20

2) g(CA) ≥ 0 & g(CD) < 0

0.00

27.34

0.00

22.73

0.00

27.32

3) g(CA) < 0 & g(CD) ≥ 0

22.83

0.00

33.90

0.00

22.98

0.00

4) g(CA) < 0 & g(CD) < 0

17.77

19.48

18.64

18.18

17.79

19.48

Total

100.00

100.00

100.00

100.00

100.00

100.00

Frequencies (%):

1) g(CA) ≥ g(CD)

0.00

100.00

0.00

100.00

0.00

100.00

2) g(CD) ≥ g(CA)

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

4197

4963

59

22

4256

4985

%

45.82

54.18

72.84

27.16

46.06

53.94