Stylised facts on UK corporate financial health: evidence from micro-data
نویسنده
چکیده
In assessing financial stability, the emphasis is on downside risks rather than the most likely outcome. While the entire distribution of indicators of company financial health is reviewed, the focus is on those companies in the tails, since they may be more exposed to financial distress. Measures of central tendency (mean, median, mode, etc) taken across a group of highly heterogeneous companies may fail to capture the position of companies in the tails of the distribution.
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