The name is absent



71


Growth - Beta

IO
σ>
°β

»
φ
to
E

«
ш

,D
φ
W


2.0

1.5

1.0 ■

0.5 ■

0.0 -

-0.5-C

-1.0 -

-1.5 ■

-2.0 ■

-2.5

-3.0

-3.5 ■


.6


-0.4


P=0.44



P=0.79    P=0.38      P=0.49      P=0.42


■ Upper Bound

Lower Bound

× Estimate


Tau

Figure 4.1: Parameter Estimates of Growth for Bankruptcies

Profit - Beta

IO
e>
°a

»
φ

я
E
«5
ш
■о
φ
M
о


1.5

1.0

0.5

0.0

-0.5-

-1.0

-1.5

-2.0

-2.5

-3.0

■ Upper Bound

Lower Bound

× Estimate

Tau


Figure 4.2: Parameter Estimates of Profitability for Bankruptcies



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