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Table 1.

Pooled analysis 1990/2013.

Number of bankrupt and non-bankrupt firms.

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Table 2.

Industries distribution of the sample.

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Table 3.

Econometric variables definition.

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Table 4.

Descriptive statistics.

Asia.

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Table 5.

Descriptive statistics.

Europe.

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Table 6.

Descriptive statistics.

America.

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Table 7.

Descriptive statistics.

Global sample.

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Table 8.

Regional and Global Models (hypothesis 1).

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Table 9.

Global Model with Regional Dummy (hypothesis 2).

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Table 10.

Selection Tests for Global Models (hypothesis 2).

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Table 11.

Results of Global Model using data from Regions (hypothesis 3).

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Table 12.

Models Selection Tests (hypothesis 3).

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