|
| Groups of firms: | |||||
| Active firms: | Bankrupt firms: | All firms: | ||||
| Decrease in DAR | Increase in DAR | Decrease in DAR | Increase in DAR | Decrease in DAR | Increase in DAR | |
| Median of growth rate: | ||||||
| 1) Total debt (TD) | −0.0052 | 0.0806 | 0.0139 | 0.1005 | −0.0052 | 0.0808 |
| 2) Total assets (TA) | 0.0467 | 0.0373 | 0.0466 | 0.0111 | 0.0467 | 0.0369 |
| Median of time series correlation: | ||||||
| TD & TA | 0.8154 | 0.9219 | 0.8880 | 0.8657 | 0.8155 | 0.9206 |
| Frequencies (%): | ||||||
| 1) g(TD) ≥ 0 & g(TA) ≥ 0 | 47.21 | 67.75 | 62.50 | 56.16 | 47.24 | 67.54 |
| 2) g(TD) ≥ 0 & g(TA) < 0 | 0.00 | 15.23 | 0.00 | 24.66 | 0.00 | 15.40 |
| 3) g(TD) < 0 & g(TA) ≥ 0 | 26.52 | 0.00 | 25.00 | 0.00 | 26.52 | 0.00 |
| 4) g(TD) < 0 & g(TA) < 0 | 26.27 | 17.02 | 12.50 | 19.18 | 26.25 | 17.06 |
| Total | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 |
| Frequencies (%): | ||||||
| 1) g(TD) ≥ g(TA) | 0.00 | 100.00 | 0.00 | 100.00 | 0.00 | 100.00 |
| 2) g(TA) ≥ g(TD) | 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 | 5200 | 3960 | 8 | 73 | 5208 | 4033 |
| % | 56.77 | 43.23 | 9.88 | 90.12 | 56.36 | 43.64 |